I WAS RIGHT!
I own XC, SO I OWN SHARES? Without having to SELL XC?
Yeah, "jizzed"is not a word a top++ holder of a great future company might be allowed to use, but I just totally did it.
No You own the right to Buy XC shares if you OWN XCs 10 XC will give you the right to buy 1 share of the company....still fuking HUUUUUUUUUUUUUGE this will drive XC price to the star as well as people that wants to buy shares they will need to buy XC First.
Fuking Yeeeeeeeeeeeeeeeesssssssssssssss
The best thing about this is that people are unlikely to want to buy shares with other currencies. If they own XC, they XC plus a share.
Therefore: buy XC!
Thank you so much for this. Let me rephrase: If I have 10XC, I will prove my wallet(s) contains 10XC, and I will be automatically given 1 share, without need to spend anything?
Yup.
But what if i hold my coins in an exchange? how do i prove that i own them?
i think there will be a fixed date that will be taken and every wallet that holds more then 10XCs own shares equal to its account value, but when will the date be chosen?
My guess is that, to prove ownership, you'd need to sign using a private key.
So send your coins to a wallet before buying shares.
This will most probably happen in real-time during the ICO. There'll be no need to do things in advance.
I think we need to have a lock time or else some people might exploit it by claiming shares, then moving coins back to exchange and moving it back to another wallet.
If you need your coins on the exchange by lock time... then sorry. no shares.
Yes, good suggestion. Coins used to claim shares could, perhaps, be locked for the duration of the ICO.
Can you imagine the time before the lock time?? There will be like ZERO XC on exchange. Imagine the price skyrocketing....
Ha ha. Interesting. ;-)
but is there already a rough ETA for the ICO?
