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Arun-

What about the ones reserved for Eth chain?

#cryptocurrency #english #peakdefi
0

5 ответов

24 просмотра
Jonas |-PEAKDEFI

MarketPeak distributed them on ETH and BSC at the same time depending what the customer wanted.

0
10.12.2021
Arun- Автор вопроса

This is from presentation made when Peak Minting was stopped

0
10.12.2021
Jonas |-PEAKDEFI
Arun
This is from presentation made when Peak Minting w...

That is correct. 18% = 360 Million PEAK that were originally allocated for MarketPeak. Plus the 50 million from BSC yield farming promotion. Plus some PEAK that MarketPeak has to buy back over the next years to give them to customers.

0
10.12.2021
Arun- Автор вопроса

So you are saying, that 18% reserved Peak isn't reserved. It's upto Management how they use it BUT they will keep their commitment to the customer and release as per committed % & time. So this 18% too is free in circulation and already minted by management in advance, thus increasing liquidity leading to price drop?

0
10.12.2021
Jonas |-PEAKDEFI
Arun
So you are saying, that 18% reserved Peak isn't re...

What? No. Now we are talking not the same anymore. Let me try again: 18% of all PEAK were allocated for MarketPeak (360 Million). MarketPeak sold all those PEAK with packages in September, but did not want to stop distributing until a new product (Smart Trading) was ready to launch. Therefore MarketPeak extended the Minting opportunity with membership packages and PEAKDEFI allocated the yield farming BSC promotion PEAK (50 Million) towards MarketPeak as well. Then MarketPeak calculated how many PEAK were really reserved through the platform (450 million) so MarketPeak said: We have to buy back or accumulate (on what way whatsoever) 40 million more PEAK to hand them out, since they sold them. Every membership package that was being sold with PEAK Minting automatically calculated the Reserved PEAK + BONUS so it was directly clear how many PEAK were needed.

0
10.12.2021

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