Author Topic: If i redeem my 1 year of PTS in BTS, will get more BTS?  (Read 1790 times)

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Offline bitmeat

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It shows the balance in the sharedrop command, but balance is still 0. Is that because the sharedrop hasn't actually taken place yet in the client?

Offline Riverhead

No. You import your pts wallet.dat. Your bts is waiting on the blockchain. The client just needs to read your pts wallet private keys to make it spendable.

Offline CapR

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If you sell your PTS you'll get significantly more shares in BTS, as 1 BTS share is worth less than 1 PTS share.

So I have to trade my PTS for BTS on an exchange?

Offline Riverhead

What do you mean by your 1 year in PTS?

To answer the question I think you might be asking: Yes. There is a multiplier.

This should help you figure it out:

https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing

1PTS will net about 99.26853273 BTS vested over two years.
« Last Edit: December 09, 2014, 04:32:45 am by Riverhead »

Offline bitAndy

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Yes, correct. PTS has about 1.7 million shares, BTS has 2.5 billion shares. If you sell your PTS you'll get significantly more shares in BTS, as 1 BTS share is worth less than 1 PTS share.

Offline CapR

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My understanding is the money supply limits are different for both PTS and BTS.  PTS is 2 million and BTS is in the billions.