I think it's worth noting here that many coins go 3x on ICO market cap after launch. There are no guarantees of this, of course, and many factors involved. Ethereum and Waves were/are slow burners, others have gone 10x, but seen far more volatility.
Point is that BTCD investors get a 50% bonus, and then get to enjoy any price rise on ICO that comes from launch. If your concerns are solely financial, this seems like a pretty good deal to me.
Good points. We certainly dont want to get into making any specific market predictions, but I think it makes sense to do a few hypothetical "dilution" scenarios.
For example at the max raised, over any other scenario, the BTCD holders arguably are "diluted" the most. Of course if the .0053 price is considered a fair price, there is absolutely no dilution, but there seems to be a sense that some massive price boost would have happened absent the conversion price.
Why?
Probably the general price increases of many other privacy oriented cryptos, you know what I am talking about. OK, so which komodo has a better chance to achieve 50% marketcap of the highest marketcap privacy crypto? The komodo which raised the max or half the max?
It is worth to note that if 50% of the highest marketcap can be reached, then it is indeed more than 3x gain from the max amount.
How likely is this? Well, that is a probability evaluation investors will have to make, especially if the funds raised starts growing toward the max amount.
What chance does komodo which uses the zcash zkp tech secured by bitcoin of achieving half the market cap?
And investors can wait to see a working testnet, working iguana GUI, to get a better handle on the technical risk. BTCD holders further get an entire year before making the conversion decision.
We have tried to make things as fair as possible for everyone and they say a good sign of a fair deal is that everybody is complaining.
I remember you predicted that SuperNET will go 3x to 10x after the ICO ends. That never happened, not even close. You tend to be overly optimistic with your predictions. I do appreciate the optimism, but this paints the wrong picture for investors.
The fact is that the dilution is pretty much a guarantee with this ICO. The Komodo price potential is not. So you have to understand the skepticism. The risks clearly outweigh the benefits at this point in time, so no, I don't believe it is a great deal.
BTCD holders don't really have a choice but to swap in order to minimize loss, because let's face it, who wouldn't swap knowing that BTCD will be dev-less after Komodo launches. Whereas the BTC investors have a choice of if and when to buy into the ICO, with the risks decreasing as the ICO comes to the close. So there is definitely an imbalance there. The only consolation is the revshare asset, which also has no guaranteed price potential, and the possible long term holder bonus.
I'm not trying to whine or complain. I realize that in any crypto project, the risks always outweigh the possible benefits and that's just something we all have to accept. But to say that this is a good deal to BTCD holders is inaccurate and misleading.
It's just a simple graphic to demonstrate the basic characteristics of the ICO.
