As we all know internally the cryptos use integer raw units.
The decimal place is a formatting convention for humans and correlates with a denomination like milli-bit or micro-bit.
Using the same units from
Bitcoin unitswe need to scale the units to compare similar things.
For 8 decimal places let's compare:
DOGE with the Mega-Val : 1 MVAL = 1 000 000 VAL
For 2 decimal places let's compare:
VAL with the micro-Doge : 1 μDOGE = 0.000 001 DOGE
Let's take two recent trades on C-cex.com
Date | Trade | Cryptos | USD total | Price
2016-03-19 07:09:48 | Buy | 1250000.00 VAL | 0.8375 USD | 0.00000067 USD/VAL
2016-03-19 08:18:07 | Buy | 444.72323738 DOGE | 0.10660016 USD | 0.0002397 USD/DOGE
The USD total stays the same , however the exchange rate to USD will be adjusted correspondingly so that the Total = Cryptos X Rate stays the same .
Comparison MVAL vs. DOGE ( both have a scale of 8 decimal places)
Date | Trade | Cryptos | USD total | Price
2016-03-19 07:09:48 | Buy | 1.25000000 MVAL | 0.8375 USD | 0.67 USD/MVAL
2016-03-19 08:18:07 | Buy | 444.72323738 DOGE | 0.10660016 USD | 0.0002397 USD/DOGE
Comparison VAL vs. μDOGE ( both have scale of 2 decimal places)
Date | Trade | Cryptos | USD total | Price
2016-03-19 07:09:48 | Buy | 1250000.00 VAL | 0.8375 USD | 0.00000067 USD/VAL
2016-03-19 08:18:07 | Buy | 444723237.38 μDOGE | 0.10660016 USD | 0.0000000002397 USD/μDOGE
Quite a rate difference between USD/VAL and USD/μDOGE !
Why would that be? Is the market right?
Working in raw units it turns out that the current supply for Valorbit is actually a lot less than Doge:
Crypto | Raw units ( integer ) | At scale of 2 decimal digits | At scale of 8 decimal digits
Valorbit | 92 233 864 645 128 900 units | 922,338,675,349,230.00 VAL | 922,338,675.00000000 MVAL
Doge | 10,354,519,659,000,000,000 units | 103,545,196,590,000,000.00 μDOGE | 103,545,196,590.00000000 DOGE
About 112 times more raw units in Doge than Valorbit ( or micro-DOGEs than VALs).
And talking about quadrillions
From
Bitcoin wikiBitcoin has 2.1 quadrillion raw units, making up 8 decimals of BTC precisionNote: Currently about 75% bitcoins have been issued , i.e. about 1.5 quadrillions satoshis.
What u explained makes more sense, so we get 1 val ~ 0.2 sats => 5 val ~ 1 sat. Actually what u thought would be a distinguishing feature of val making it down to 2 decimal places has instead become the limiting factor, keeping it away from btc markets.
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