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RE: [ANN][UBQ] Ubiq - Smart Contracts for an Automated World
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
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
Wow make sense! Happy days!
Thanks for your reply