TL;DR, Snapshot price is determined in USD but will be paid through Ethereum which the rate will be determined at 30 July but taking a "snapshot" of the ETH price.
I'm interested whne people can really use and trade the snapshot in exchange(s) and seems that it will happen in August and I would recommend Liqui as other are a bit slower than this.
I'm sending a PM with my translation service if that language gets accepts.
Thanks for the summary!
We felt this would be the fairest way to operate as it allow users to receive what they invested in terms of percentage to others. If we stamped Snap tokens to Ethereum and only raised half the the funding target then a large amount of Snap tokens would be left on the table. We decided that with real regulation and development expenses it would be easier to manage our capital in Fiat. Funding will be transferred to USD at the end of the ICO, Its not our job to hold onto Ethereum to speculate. We have use cases for the funding and intend to leverage it.
That's correct,
Snap token integration to exchanges is set for mid august. We have the required capital to push our token onto some of the larger alt coin exchanges so its going to be an exciting few months once trading starts.
Let us know if you have any other questions!
