Quick question on the ICO Bonus with LISK...
The LISK exchange for ICO says 'Capped at 22 million' in the announcement.
Does this mean that, of the 125 million ARK to be distributed, a maximum of 22 million ARK are available with LISK ?
No, the 22 million cap is for the total amount of Lisk that will be collected during the TEC. Once (if) 22 million Lisk are donated before the end of the TEC, then only donations with BTC or other altcoins via Shapeshift will be accepted. There is no cap on the amount of ARK to be sold.
To clarify, it means a maximum of 22 million lisk are accepted for exchange into Ark, the quantity of Ark to be determined at end of TEC based on total amount of Lisk and BTC sent with bonuses applied, the bounty programs, sweepstakes, and team members. The total amount of Ark to be distributed in the exchange program is 125,000,000 with 75% divided among participants exchanging Lisk and BTC.