Just curious. if we receive an offer to buy our stake early, are we allowed to sell it? Or are there rules about waiting until a certain point in time to be able to sell.
I'm not selling. But I heard something that made me curious and thus I'm asking.
Hello.
From the thread it results that the stakes will be released over the NXT AE (Asset Exchange)
before the Kora coin is even implemented and that means by logic that you are
allowed to trade your stakes for NXT on the Asset Exchange.
When the time to redeem the Kora coins comes the owner of the
Kora stakes (you or any body else that bought it) will send back
the stakes to the asset issuer "Kora" and get n Kora coins for n Kora stakes in return
in your Kora wallet.
Yes, that's the plan! Once the stakes are distributed on the NXT AE people will be free to sell like any other listed asset. I'm not really sure what to expect, but it'll be interesting finding out. I expect some will try and offload their stake asap, but I'm hoping a good solid core of people will hold, even if just to see what happens.
When I first heard of bitcoin it was about $8, and my first reaction was that I'd 'missed' the boat, and all the guys who mined for peanuts had made a killing. Seems funny now, but at the time $8 for a freaky digital token/currency seemed like the peak. haha
Who knows what a Kora stake will be worth, nothing eventually (if we produce nothing), but could be worth 'something' (if we create a valuable something). We're in the crypto science lab IMO, and I really don't know what to expect. Many hard headed crypto people would say that because Kora stakes are free, and we still don't have a 'product', and we don't have a set direction, then people will dump and this will all end very quickly with Kora stakes being worthless. That could happen!
Alternatively, maybe the temptation to dump for literally 1-5 NXT after a moderately involved process will seem pointless, and people will be more inclined to hold, just to be part of the Kora experiment.
If Mac Red and I have done our job well 'limiting' the sockpuppets (which I'm very confident we have after Mac Red's excellent efforts), then I can't see the point of dumping a Kora stake for ~5-25 cents after going through the registration process, specially when we all know that just a few short years ago you could buy a bitcoin for ~25 cents. I think many will hold, at least for a while.
To make things interesting I'll put up some bids on the day we distribute. Whatever I buy back can always be put back into the pot for power bounties.
Investment disclaimer - please only invest in Kora what you can afford to lose, hey, wait a minute .... stakes are free
