Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS
I have no single reason to trust them. This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.
If you're not interested in this for long term, you just flip it.
Akado, thanks. Abusing of your kindness, with that ammount of BTS, what would br the price in obits/BTS if buy jack happenned NOW? Sorry, my internet sucks here...
@uqaz no problem, happy to help
there is not defined price. atm those 1.3M BTS will "eat" the order book if I'm not mistaken. Any sell orders those 11.3 can buy, they will. If for example there was only one sell order on the books, selling 1000 OBITS for 1 full BTC, that would be the price. It will buy whatever it can on the sell side. Take into account 10% will be used to buy on the OBITS/OPENBTC market. The other 90% will be on the OBITS/BTS market.
Friend, thank you very much, but i think u didn't get what i meant.
We just have to make a "sumproduct" with two columns table "Sell OBITS for BTS". See, when sumproduct = 90% x 1,347,000, wu can find the final price of this burn.
Now, my internet is ok, i find 25 BTS/OBITS (i expected much more...).
Thanks for your time.