Can anyone here speak on current total of mcxFEE shares?
How do you prevent RS from creating more shares thus diluting the value of existing shares?
RS promises not to dilute the underlying structure (OS) of his shares, which is as follows:
There are a total of 100,000 fee shares, each representing .001% of the total exchange fees
- 5,000 are tradable on the mcxfee/btc exchange pair. (so there is a 5000 "float")
- 25,000 are issued to to an interest payment system so that 25% of fees are distributed to members as interest on their deposits.
- 70,000 are issued to realsolid.
At any point, realsolid could dip into the 70,000 shares the he holds and put them on the market or pre-sell them on a forum before they go live on the market. Itll most likely be a chunk of 5,000 at a time. This wouldn't dilute or change the amount of fees that each share earns. However, it would dilute the speculative mcxfee/btc exchange pair by changing the float from 5,000 to 10,000/etc and might collapse the bubble that it's in.
Basically the OS wont be diluted but the float will.