Hi everybody,
I have a question : when I deposit BTC how is calculated my $ input ? I mean it's calculated at the end of the ICO ?
Let's say I put 1 btc, how is calculated my shares ?
The amount of MGO tokens you get is determined by:
(your_investment_in_USD) (total_investment_raised_in_USD) * (70,000,000 tokens).
Your investment is converted into USD *at the time of the deposit*... not at the end of the ICO.
As more funds are raised, (total_investment_raised_in_USD) gets bigger, the amount of tokens you get will decrease. A decreasing amount of tokens does not mean you are "missing out" on anything. Rather, it means the value of each token increases.
Ok but how the amount of $ is calculated? Based on what?
I mean, I bought some GMC at a certain price xxx BTC. So, my guess is, the math will be done this way:
At time T (wich we don't know; the next day of the ICO may be?) 1 GMC will have certain value in BTC(average of the day, I guess), the BTC at the same time will also have a value in $ (average of the day too).
So, if I am right, let say that 1 GMC = 0.0012 BTC and 1 BTC = 1800$ therefore the 1 GMC = 1800x0.0012= 2.16$ Seems ok to you?
Now, let say I invested 100 GMC => 216$ and the ICO has reached 25.000.000$ according to your formula I should get:
216 25.000.000*70.000.000 = ~0
There is something wrong with this formula.
It would work better like this 25.000.000/256=97656,25 ==>> 256$ is = to 1/97656.25th then 70.000.000/97656.25=
716.8 MGO Seems more realistic to me but I am speculating here.
Also, this doesnt take the bonuses in count so I should get x% more than the 716.8 MGO.
Could someone of the crew clarified this by explaining how it will be calculated?
