I'll be honest I had some doubts but happy the first IDO was filled.
I was a bit confused on how it all worked but seeing the first one in action made a lot more clear.
For example I thought the CUB was bought and burned not that people injected the CUB into it. This didn't end up making the price jump because the value was already locked in during those 24 hours. Note to self next time. Announcement of IDO is most likely where we will see price action and not shortly after it's complete.
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True, I agree with you on that
And if I'm not mistaken, this was just one of the IDO models that are planned. I don't think they're all going to work exactly the same. I remember Khal saying that on some AMA.
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Now that I've said it, I think it makes sense to ask him about it on the next AMA now that I know a bit better how this model works
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Yea I wasn't thinking of that either but it does make sense that the CUB was already bought beforehand.
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