So the budget is 10 million token and will be distributed equally according to the EQT obtained and based on how much was sent by each participant. Things like this really should not be missed, if some people did not know this then participant will pocketing so much ALN when the swap is complete.
Indeed, ALL 10 million ALN tokens will be distributed no matter how many EQT take part in the swap.
E.g.
If a total of 1,000,000 EQT is sent for the swap, you will receive 10 ALN for every 1 EQT sent.
If a total of 10,000,000 EQT is sent for the swap, you will receive 1 ALN for every 1 EQT sent.
I already do that, but honestly sometimes waiting makes me feel uncomfortable, but how else, it's has been set like that. However, this ALN makes me curious, how will he be in the market later.
Due to the nature of the swap rules, the amount of ALN you will receive per EQT keeps changing based on how many EQT in total take part.
Therefore we can't send you your ALN as soon as we receive your EQT, but have to wait until the end of the swap period to know the right amount that you will receive.
Thank you for your understanding.
I just really hope for the swap works, so EQT will become ALN that have great price and have more good future than EQT.
The ALN token will be constantly maintained and improved, to add utility to the ecosystem, unique integrations with the platform, and provide holders with multiple benefits.
We will be releasing and open-sourcing the code for the token very soon so do keep a look out for that.
Great news!
thanks a lot for the detailed blog post.
the process seems quite easy and I'm sure most of the people will have no problems.
You're welcome Lucas!
We tried to make the experience as simple as possible. But if anyone still runs into issues, please reach out to me via PM, or to any admin on our
Telegram group.
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