This looks like a very promising project!
However, is there any point of investing BTC in the project at the moment instead of just investing in BTCD? I'm talking about 5% early bird BTC bonus vs 0.00412 BTCD/BTC current exchange rate.
Invest with BTCD. Not only you get better cost benefit, but you can also bail out of the ICO anytime (i.e. before KMD is launched and is on exchange) by just selling BTCD again. It is like buying in a refundable ICO.
Be careful,
after the rev share snapshot is taken BTCD will be worth lessNope. Get your facts right. BTCD can be swapped to KMD (anytime at a fixed rate) from the launch of KMD till 1 year.
Are you saying BTCD bought after the revshare snapshot & then swapped at the fixed rate has equal value to BTCD swapped at fixed rate but WITH revshare entitlement? You don't understand
I understand it very well. You don't get it. So as per your thinking after 5% dividend APPLE's share will be worth less?
It will be worth 5% less because you already got the remainder 5% as dividend.
So BTCD price may drop few percent after the revshare dividend but the drop should makeup for it by getting paid the dividend.
You're not making sense now (Yes, an APPLE share sold without dividend entitlement is worth zero), I said after the revshare snapshot BTCD will be worth less than before (i.e. before snapshot it's worth the fixed rate plus whatever the revshare is worth, after the snapshot it's only worth the fixed rate). That is a fact! What BTCD actually trades for after the snapshot is anyone's guess - I'm talking about 'value' or as I said "worth"
I am not going to argue with you anymore. This is my last explanation. If you still cant understand it, I feel sorry for you.
Here is the conversation details for BTCD to KMD swap
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In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends.
Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD
-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD]
Oct. 15 - 25% bonus
Oct. 16-22 - 20% bonus
Oct. 23-29 - 15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 - 5% bonus
Nov 13-20 - 0% bonus
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So as of today with 5% Bonus available for anyone participating in ICO, BTCD to BTC fair rate should be 0.00532074 *1/1.05 = 0.00506 BTC/BTCD
Anyone wishing to participate in ICO can either pay
- 1 BTC or;
- Buy 1 BTC worth of BTCD at current exchange rate of 0.0042 and participate in ICO indirectly by just holding BTCD and get >15% Bonus instead of 5% you get with BTC
By buying BTCD instead of investing BTC in ICO ,not only you get the last of revshare dividend (whatever % it may be) you are also entitled to convert your BTCD to KMD in the next year. So even if there wont be any dividend on BTCD after this last one there is inherent value in BTCD. You can convert it to KMD at a fixed rate at any time in next year.
I dont know the exact percentage of revshare dividend but lets say it is 5%. then BTCD price may drop 5% after the dividend but that drop is irrelevant as you will have your 5% dividend instead. your remaining 95% BTCD worth is not based on any future dividend gains but solely on your right to convert it into KMD.
