NOOOOOOOOOO
Been having really bad luck, missing all these deadlines
I don't know how I feel about buying in with CHIP so someone can exit with a profit, only to risk it on an unknown ICO...the whole 'shares calculated at the end of funding' idea hasn't worked out in the past for me.
Can someone explain how this 'CHIP pegged @ 300 sat' works? What is this in regards to (seeing as the price on exchange can't be fixed)
Been having really bad luck, missing all these deadlines
I don't know how I feel about buying in with CHIP so someone can exit with a profit, only to risk it on an unknown ICO...the whole 'shares calculated at the end of funding' idea hasn't worked out in the past for me.
Can someone explain how this 'CHIP pegged @ 300 sat' works? What is this in regards to (seeing as the price on exchange can't be fixed)
Basically the crowdfunding price is 300 sats. If you buy below 300 on Yobit, then you have a discount, ex.: 1000 CHIP * 200 sats (bought on Yobit) = 0.002 BTC, but your stake on PIO ICO will be 1000 CHIP * 300 sats = 0.003 BTC
I would say it is wrong calculation at all. We have no base price, the first part was set in round 1, it will contain 70% of shares (btc part ) and 30% chipcoin part. This is very simple calculation:
19.86478692 btc = 70% of full amount of shares.
X amount of chipcoins = 30%
Example with 1.000.000 chipcoins
70% + 30% 100%
19.86478692+(19,86478692/70*30)=28.378267028571428571428571428571 btc
What is the max. purchase price for this example (unrealistic, more than 1 Mio. will be pledged, please make your own calculations)
(28.378267028571428571428571428571-19.86478692)/1000000=8.51348019e-6 => 0.00000851 btc/chip
This means that in theory if only 1 Mio. will be pledged, share worth of the chipcoin part would 851 satoshi, not 300.
@Banzai
I know it is staking coin and I supposed from beginn on that theree will be no stakes, I was not sure, but like you say, the amount of stakes is not significant to the amount.
You mentioned the problem and if everybody would stake until last second, this would be chaos, thats why I transfered from start on.
As Skembe mentioned it and I understand his frustration, I am ok with it if he receives my stakes because this could indeed make changes to decision if somebody assumed there will be no stakes.
Not sure what are you calculating above, and also not sure what's Banzai's methodology for the final calculation, but I think it should be like this:
PIO Price (BTC) = (Total amount in 1st round (BTC) + Total amount in 2nd round (Chipcoin expressed in BTC; 300 satoshi per CHIP) ) / 190000
example (for the current figures)
PIO price = (19.86478692 + 874445.37 * 0.00000300) / 190000 = (19.86478692 + 2.62333611) / 190000 = 22.48812303 / 190000 = 0.00011835 BTC
Thats why I say, everybody should make own calculations and not such simple one like we both calculated, because they can't tell us anything about real price.
In your calculation you set the price to 300 satoshi because during the start it was the price, I calculated the worth of chipcoins in btc for the whole amount btc+chipcoins where I set amount of chipcoins to X and assume there will be pledged max of 1. Mio. Knowing that shares will be spreaded 70/30, I know the value of 70 and of 30 because we know the value of 70. Where at the end you get how much worth is chipcoin in btc in form of an share. The more coins will be pledged, the less the will be. On btc value there will be no changes.
Look at bigger wallets and make your own assumptions of how much could be pledged, then you will know more. If you speak about base 300, you should have spoken about max 500, but you did not
