Ive made some calcs, and based on the info given

Question

Ive made some calcs, and based on the info given

in the web, imagine that you give 5DOT to the crowdloan. The crowdloan collects 1M DOT (which will be more for sure), you will have made a contribution of 0,0005% of the total crowdloan, which is the quantity that you will receive from the total 100.000.000 GLMR distributed in the crowdloan. If we make the multiplication 0,000005*1.000.000, you will obtain 500GLMR. So, imagine the total market cap raised after the launch of GLMR is 500.000.000 (similar to MoonRiver on that stage), the price of GLMR should be 0.5, making your GLMR (500) value 250, which is the same as 5 DOTS (roughly) (YOUR INITIAL INVESTMENT!). Moreover, you will only receive the 30%. So, whats the point of the crowdloan? What are the benefits?

#blockchain #cryptocurrency #english #moonbeam

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25.10.2021