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RE: [ANN][UBQ] Ubiq - Smart Contracts for an Automated World

in #mining • 8 years ago (edited)

They are now 3 million plus Jumbukcs available, so in the swap u will ad 35 million coins with 850k + plus market cap, so in therms of value, the new UBQ will have a 0.01 or less value in satoshis price at the start?
you will create 35 million new coins during the year or the 35 million coins go from the start? If i am wrong how the current market cap will be reflected in the new coin. Thanks

8 years ago in #mining by
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     8 years ago (edited)

    for every JBS you own during the snapshot, you will receive 10 UBQ on the new network. So ~3.5 mil supply will change to ~35 mil. So to have the same market cap, the price per coin would be 1/10th of current price, however this new network and switch to Proof of work represents a repricing opprotunity

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       8 years ago 

      Wow make sense! Happy days!

      Thanks for your reply

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