tyrion,
will the 2nd batch be part of the ipo?
Hey btceic,
Yes but we can't actually issue them untill either the miners are delivered or we know for sure that they will arrive together with the first batch. So worst case they won't be tradeable on bitfunder untill october.
It's in the start post as well:
Another difference is the ADDICTION asset on Bitfunder. We will be releasing this asset shortly for everyone who joined the first groupbuy. Because delivery of these miners is later than the first batch, we can't and won't issue new ADDICTION shares untill these miners are delivered and running. Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 350GH which would mean for every .30BTC share you'd receive 50 ADDICTION shares, regardless of the actual price at that time. This ensures that ADDICTION share value does not dillute but still represents the same hashrate (currently predicted at 28.23MH per share). You can choose not to have your shares converted to Bitfunder. In that case payouts are still measured as if they were part of the ADDICTION network.
Cheers
