15% more bonus for BTC over SDC. No point in holding SDC in anticipation of Particl right?
I can't find any evidence this is true ,,,,,, looks like FUD to drop the price ,,,, its not in the IO
,only sdc can be converted
That is what I read too. Although I was wrong about the code. Says it will still be open source.
Current SDC BUY ORDERS just on Polo Total: 675.11876801 BTC
It's in the FAQ:
"How is the token exchanged structured?"....in part
"Days 1-3:
Donate 1 ShadowCash (SDC) + $0.15 (BTC) = 1.15 Particl (PART)
Donate 1 ShadowCash (SDC) = 1.00 Particl (PART)"
Also,
"Will there be any other funding rounds after this one?""Yes. When we create the genesis block for Particl the designated amount of tokens (per this seed round exchange) will be generated. Additionally, a second batch of tokens will be hard-coded for release at a publicly pre-determined block height approximately 9-10 months out from the genesis block. This funding round will not take place until after the public beta launch of the Particl Market and the establishment of the Particl Foundation. This allotment of tokens will represent a 10% increase in supply and will be made available through the Primary Funding Round at a designated date in the future."
And this is my favorite:
"What will happen to any unclaimed PART tokens?""At the end of the 4-week exchange period, the team will announce the total number of PART not exchanged with their respective SDC. Upon the launch of Particl, these PART will be donated to the foundation to be used for the continued development of the Particl Project."
Anybody notice the dump happened just prior to the big news release? I had all the exchanges opened and it happened simultaneously.....
EDIT: Anybody know what will happen with the exchanged SDC?....will they be burned?