Hi i am trying to get my ahead around the value of Coin & power for example i now have 2K in COINS i have some questions 1>Total supply of Coin's & power what is the exact number of both?<will the ever be more produced? 2> As i am right now at 2k in coin's will i get any power with this ? 3> How do i get power from the very start? 4> do/can i buy it inside the platform ? 5> let's fast forward 6 months and say SC is worth $5 on an exchange - will power also be worth $5 ? or could it be worth more or less? I am quite confused about it Thx in advance
Hi thanks for your questions. I'll try to answer them one at a time:
1. Total supply is 20M SCR and 10 million SP. More will be created through conversion if needed. IE if EVERYONE wanted to change their SCR to SP (very unlikely), then more SP will be created to meet that demand.
2. You will get a Scorum Power registration bonus for taking part in the crowdsale. The details of SP registration bonuses is listed in the whitepaper.
3. You can convert some of your SCR into SP immediately if you'd like more influence in the blogging platform.
4. SP can be "bought" only for SCR at a 1-1 ratio. It will also be earned in the blogging platform as rewards for content creation and curation.
5. 1 SP will always be worth 1 SCR, no matter what the SCR value is on the open market. SP will not be tradeable on exchanges or directly transferrable to other users though.
Hope that helps!