Lol, so people will get 800ELC for 1 BTC? So 1ELC costs 0.00125BTC? And the supply could be around 5M? Even Decred is cheaper right now, considering supply and price
Your coin looks interesting, but seems a little bit expensive
Thank you very much for your comment.
Well, the maximum supply is *capped* at 5M but most likely will not get that high. It may well happen that the supply will be the range of 100k-500k. The 5M denote the best (or worst, depending on how you look at it) case.
Also after the fair distribution has been performed
(our goal here is to make the process as fair as possible, and not a gamble like in the Augur pre-sale where nobody knew how many coins he would get until the very end) we can still think about dividing 1 ELC into 100 (sub-)ELC so everyone has more coins that are worth less each. The most important part is to make the distribution entirely fair and that nobody has neither an advantage nor an disadvantage from it. For now, however, it does not look like there is a requirement to change anything.
We are fully democratic here ;-)
OK, thanks for your answer and good luck with your project
Maybe i will buy some ELC later