Hi.
Im totally noob
at this but I purchase some hybrid to check things out and how it works.
Entered email, code, transaction ID etc. How will I received those tokens?
Thanks.
July 1st, we will start distribution of the assets. (See the
roadmap). We will send you the link to a generator of your chain, so we don't have the info for your wallet. Once you created one, we'll deposit the hybrids to the address. (Or send us an existing one.)
@Winslow; there are actually 7 different types of tradeable hybrid assets released (one for each type of chain). They form a uniform entity, however, are separated on the blockchain level. So there is no actual inflation in the total portfolio of chains once a new hybrid is released, since it is issued to another chain, which technically makes it a new asset.
Reward payouts mentioned in the terms remain the same for participants in the 2017 crowdfund; the payouts are for people supporting this initial campaign.
Q: How can a 1:1 swap be enforced AND liquidity be maintained? If the market were to net want to swap hybrid on one chain for another, and the exchange rate of 1:1 is imposed, where does the liquidity come from so that all those who want to swap can swap?A: The Internet of Coins node system gives allocators a transaction fee for providing liquidity for a swap. This is how a 1:1 swap can be enforced and liquidity can be maintained. In simple terms users will be able to 'save' their HYBRID and receive 'interest' through fees this way. In addition; the assets within a chain do not move off-chain, they just end up at another participant. So liquidity remains.
Q: What are the specific trades that can be made to instantiate the arbitrage?A: Imbalance in the price of HYBRID can be traded via third party exchanges or DEX's by arbitrage opportunity seekers. This is how it works with every token and/or cryptocurrency that is traded on multiple exchanges.
Q: How many HYBRID tokens will be added per new crypto? A: Future chains for other systems (preferably supporting multiple cryptocurrencies) are not planned as of yet. We did have some initial talks with interested devs (i.e ETC), but for now we focus on the current existing 7 types. A new type should have enough to match the others for liquidity, so 1 million (divisible) makes sense.
Q: If any, how are they to be sold and to whom do the revenues from the sales go? A: Future additions would be released in a comparable manner. Fungibility provided by interested participants, all proceedings would go to our financial custodian, the
NLnet foundation. Proceedings would be used for development, user payouts and hooking up the chain, just like now.
Q: Or maybe you mean no new HYBRID tokens will be issued, i.e. there will always be 7M? A: the amount of HYBRIDs in total for BTC/XCP/NXT/ETH/XEM/BTS/WAVES will remain 1M per chain, totaling 7M.
Q: But then how would other chains be included within IOC's weave-based DEX?A: The client can be pointed to specific assets to be included in its exchange profile for matching. Eventually, we intend for people to be able to create their own multi-chain assets.
