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RE: ...

in #eos8 years ago

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..

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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. :)