PTS -> BTS ratio?

Riverhead · October 23, 2014, 04:21:19 AM

Quote from: tonyk on October 23, 2014, 04:16:03 AM
Yeeeh, but those BTSX mature linearly over 2 years period. I have to think a bit how to calculate exactly what return is that...or I can wait for arhag to provide the formula for me :) , as I do not have any readily available BTC in the next 48h anyway :)

Excellent point! You might be better off just buying BTSX and then after Nov 5th converting it to bitUSD and earning the yield while staying completely liquid.

tonyk · October 23, 2014, 04:16:03 AM

Quote from: joele on October 23, 2014, 04:10:22 AM

Current BTSX price is 0.0000655

99.34 BTS per PTS, the value of PTS will be 0.00650 btc

Current PTS price is 0.00569

So if you want to buy then keep PTS and merge to BTS, that is +12% bonus

Yeeeh, but those BTSX mature linearly over 2 years period. I have to think a bit how to calculate exactly what return is that...or I can wait for arhag to provide the formula for me :), as I do not have any readily available BTC in the next 48h anyway :)

[edit] OK it seamed to be loan amount of equal repayment amounts 2 year loan with each payment equal to [112% / # of payments]... not so hard after all...I will post the result tomorrow for anybody interested.

PS
Well I calculated it.
12 % discount comes to about - 11.127% return over 2 years (assuming once a month withdrawals).

joele · October 23, 2014, 04:10:22 AM

Current BTSX price is 0.0000655

99.34 BTS per PTS, the value of PTS will be 0.00650 btc

Current PTS price is 0.00569

So if you want to buy then keep PTS and merge to BTS, that is +12% bonus

Riverhead · October 23, 2014, 03:46:55 AM

Not quite. BTSX->BTS is 1:1. You'd get 88 BTS.

BTSX is 80% so 2.5Bx80% is 2B (right where it is now)

PTS right now is selling for about $2.21 on the exchanges (coinmarketcap.com) and the allocation will net you about $2.53/PTS (at current BTSX prices). So you can make about 12% buying PTS at current market assuming prices stay the same until Nov 5th (not bloody likely :) ).

bitmeat · October 23, 2014, 03:43:54 AM

If I am getting this right, at the moment selling 1 PTS would allow you to buy about 88 BTSX. Add 20% dilution and you get 88 * 1.2 = 105 BTS.

However keeping PTS would give you limited liquidity over 2 years and a worse price.

Well, tell me PTS holders are not shafted.

Riverhead · October 23, 2014, 03:36:10 AM

Since PTS is still being mined this number will go down a bit but for rough calculations it'll do.

2.5B BTS * 0.07 = 175,000,000 BTS

175,000,000 BTS /1,761,578 PTS = 99.34 BTS/PTS

bitmeat · October 23, 2014, 03:15:23 AM

Bueller? :)

bitmeat · October 23, 2014, 12:38:20 AM

So how many BTS will 1 PTS get? Has that been decided and set in stone by now?