Author Topic: BitShares Music & AGS  (Read 1046 times)

0 Members and 1 Guest are viewing this topic.

Offline bitAndy

  • Full Member
  • ***
  • Posts: 67
    • View Profile
BitShares Music & AGS
« on: October 09, 2014, 03:06:21 am »
I was wanting to work out how many BitShares Music NOTES I would receive from AGS.

There will be 1.5 billion NOTES in total. 35% goes to AGS holders. That's 525 million.

There was 2 million AGS shares in total (I think).

Dividing 525 mill by 2 mill = 262.5 NOTES per AGS share.

Is that about correct?

Online onceuponatime

Re: BitShares Music & AGS
« Reply #1 on: October 09, 2014, 03:20:13 am »
quoted from:

https://bitsharestalk.org/index.php?topic=9387.30

Just some quick napkin math that I did:

5 million daily x 60 days = 300 million NOTES presale

Presale is 20%, so:

300 million / 0.20 = 1.5 billion (1500 million) NOTES total

AGS/PTS each get 35% as stakeholders, so 525 million NOTES each.

You can calculate the amount you would get based on angelshares:

525 million * (your AGS) / (1,000,000) (2,000,000) = your angelshare NOTES

Edit: Forgot that there were 2mil AGS :P  Thanks clayop
« Last Edit: October 06, 2014, 08:26:11 AM by pariah99 »

*******************************************************

So it means
1 AGS = 262.5 Notes
1 PTS =  ± 298 Notes

Correct me if I'm wrong.