Interesting to see this play out - what happens if more bids are placed then shares when the IPO occurs? Are the shares divided evenly based on order size, or is it first-come first serve (Which would defeat the purpose of the lock, as far as I can tell)
First in, first out.
There are multiple orders sitting on 0.001 (
here. Those whose orders are placed > 0.001 will pay the additional coins, when the ask wall is placed.
Currently BTC-TC's asset have a combined market cap of ~170k Bitcoin and a daily average volumen of 3700 Bitcoin which peaked at nearly 9.5k a few days before. I don't expect this IPO filled within minutes, but nevertheless in a short timeframe. The fill rate isn't steady and fastens at the end.
If you want to be very sure to get your shares, place an order on 0.001.
Good luck, LABCOIN! I'm following.
Edit:
burnside should limit how many shares a person can purchase (although that can be manipulated by opening up several accounts)
it appears people just want to pick up shares assuming price will go up and dump as soon as it does.
people putting over the ipo price hoping those orders will get filled first and that the price bump will be significant. the things people do to make a buck
No, I'm against
any regulation. And it would be crazy if you miss to get shares in an 7000 Bitcoin IPO, because single entitites purchased "too much". The price won't change because of those orders which are higher than the IPO price.
Relax please.
there's a reason why regulations exist and some of it actually makes sense (not all) - read about why regulations were enacted after the Great Depression. too simple to float around the words anti-regulation.
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