So you reckon the supply is less after a Drp is burned?
You are wrong!
The marketcap or ‘shares’ of Dcorp remains unchanged, only names of the ‘shares’ are changed.
When a Drp is burned either a Drps is borned or 2 Drpu’s are borned, resulting in the very same supply.
LOL.
The supply of DRP decreases of course, the whole supply of DRP+DRPS+DRPU stays similar of course, I‘ve never said somtibg different. When DRP decreases, DRPU or DRPS increases of course.
So, what do you think that will do with the marketcap of the corparation?
Nothing!!
Remains exactly the same as if there were 8mill DRP in circulation and none of the U/S.
Comprende?
Si, Senior!
Quote:
«That's not correct in my opinion, DRP will get burned if they were converted to U/S, so the circulating supply will decrease.
Further, as peaople are able to switch between DRPU and DRPS, the supply from U and S will change everytime.»
Comment:
The curculation supply is what makes up the marketcap, and that will NOT decrease, DRP will only be represented in new names.
Marketcap(Dcorp) = 8 mill DRP = a*DRP + b*DRPS + c*DRPU
1 DRP = 1 DRPS
1 DRP = 2 DRPU
8 mill DRP = a*(DRP) + b*(DRP) + c*(0.5 DRP)
8 mill = a + b + 0.5*c
3 unknowns, given 2 of them, the third is known
Hence, at any time to calculate marketcap of Dcorp, you only need the price of either token, pegged to the others.
If you tell me the market price of DRPU is 1 dollar, I tell you the marketcap of DCorp is 2*8mill* 1 dollar=16 mill dollar.
If you tell me one of the other tokens marketprice is 1 dollar, I tell you the marketcap of DCorp is 8mill dollar.
You never need to know how many tokens of each one is in circulation to calculate the marketcap. You only need to know the marketprice of one them. This is pure basics. Because of the pegging the marketcap can be at all times given once you know the marketprice on either of the tokens. This relationship should be explained in detail to coinmarketcap so we can have them put in circulated supply and also the marketcap of Dcorp.
No matter which numbers you put in for a, b, c the sum converted to DRPs remains 8mill
Edit
Now, I see it is already done!
https://coinmarketcap.com/currencies/dcorp/(Still disappointed though on the poor progression so far!)
I've never said the whole marketcap of DCORP will change when DRP get converted into DRPU/DRPS, just the supply of the DRP-Token will decrease, at the same time the supply of DRPU or DRPS will increase.
I've asked these questions on Telegram and they were answered from a Team member (Thomas):
1. The circulating supply of DRP will decrease when the converter for DRPU and DRPS is released and people start to convert, DRP get burned immediately when they get exchanged to U or S.
2. DRP circulating supply will only decrease because there is no way back from DRPU/DRPS to DRP
3. DRP and also DRPU and DRPS will be listed on coinmarketcap with their own circulating supply
4. The whole market cap of DCORP will be the market cap of DRP + DRPU + DRPS
5. The circulating supply will be the total of DRP + DRPS + DRPU, that will be something between 8 and 16 million Tokens in total, depends on how many people convert DRP/DRPS to DRPU 1:2
Please correct me if I'm wrong
Answer:
1. is correct
2. is correct
3. is likely, we are discussing
4. is correct
5. is correct
So, I don't understand why you are so arrogant to say that I (and also other users here) don't understand the basics.