RE: EOS' Distribution Sale: A Simple App That Could Level The Playing Field...?
Hey, i really didn't understand your calculations.
You said "the only way those investing during the first 5 days will get a lower price than later on in the sale is if a huge amount is contributed."
But why??
From the distribution formula , No. of tokens you get = Amount of ETH you sent *(Total Tokens/Total ETH sent)
So, the price of 1 token will be = Total ETH sent/Total token available for distribution .
So, if huge amount is contributed, price of EOS token will be higher.
For example, if i contribute 1 ETH and total ETH contributed is 100 ETH, i will get 1% of token distributed. And its price would be 100/ total token distributed.
If i am not wrong you have used reciprocal of the formula for price calculation.
Please correct me if what i am saying is wrong..
It appears I may have been dyslexic in my calculations, are you are most likely correct.
Well that's slightly embarrassing. Lol.
Thank you for the clarification.
It happens to everybody. :)