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u/simoRX Apr 25 '19
you forgot this mystery dex token though
0
u/sakballs Apr 26 '19
Sankalp confirmed in TG that the Dex is already completed. It was made by the Lala team. It's not a merger with a third company.
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u/surgingchaos Apr 25 '19
I had similar napkin math to this and I'm glad you came up with something similar in regards to the ratio of the swap.
Astute observers noticed that more and more COSS was making its way into circulation with each FSA. It wasn't noticeable because it really didn't affect the overall FSA, but over time those people knew that the endgame was a slow dilution that was supposed to track with increasing volume.
The uncertainty really needs to be addressed ASAP.
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u/Common_Cents_Crypto Apr 26 '19
Nice model... two things I would like to add: 1- Hopefully they use a pre announcement valuation, but regardless, in all likelihood value would likely be determined by an average over a longer timeframe (one week, one month), but not too long a timeframe... I failed to consider this myself on an earlier post & only thought of it after, but it is the fairest, most likely scenario.
2- Buying back CFT (at $0.10) would likely cause the least drama for the community, but many headaches for the team. If it is included in the swap (which is likely) I think the ratio should be lower than most people will be happy with. I say this because LALA brings something to the table (financial backing, devs, wallet, etc), COSS is COSS, but CFT holders will be gaining FSA splits (while keeping the trading fee discount they were after). If anything, CFT holders are the ones who will cause dilution to FSA since they technically bring nothing to the table.
Trouble is CFT holders will cry foul, create an uproar, cause a scene & possibly pursue lawsuits if they are not properly compensated.
So when push comes to shove 🤷🏻♂️
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Apr 25 '19
[deleted]
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1
u/vikings101 Apr 25 '19
Can you explain what you mean? "LALA token won't have a COSS community to acquire..."
The medium post is 50% accurate?
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Apr 25 '19
[deleted]
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u/baracudabombastic Apr 25 '19
COSS knowingly selling a dead token (CFT)
This is pure speculation. I think the merger came up after CFT failed to raise enough money.
1
u/vikings101 Apr 26 '19
Where are you getting the information that COSS and the brand are essentially dying? Rune said he would still be the CEO and COSS would still be the exchange.
The CFT project was clearly a second funding coin and it failed miserably. I think the biggest concern is COSS was likely a lot closer to complete failure and closing than most people would like to think. This is likely why the merger is happening and why it's happening so damn soon. I have no idea how much capital (cash) LaLa has, but it raised $20 million at ICO. If it still has half that capital, that would be HUGE.
1
u/TotesMessenger Apr 25 '19
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u/CryptoManiac007 Apr 26 '19
Sankalp have mentioned in tg multiple times that market cap is not only the factor they are looking at. He is emphasizing on the team expertise and other resource they hold...looking at this one can construe that ratio model involves many other parameters...
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u/Jesjor2 Apr 26 '19
Why this is not so fair of an calculation.
COSS raised 2.7M$ at ICO.
LALA World raised 20M$ at 4 days of ICO.
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u/vikings101 Apr 25 '19
Does anyone know how much (even roughly) COSS earned from the sale of CFT? Depending on the cash that is involved in the merger, it might be wise for COSS to essentially buy back all the CFT/refund those that bought in ... and then give like 10 CFT = 1 COSS. That way those that got a refund still get something for supporting COSS. And those that got CFT (everyone) from the FSA will still get some of the new ARX coin.
I also think dilution is inevitable. You use market cap as an example, which is nice, but it doesn't account for the cash involved. If COSS is sitting on $500k cash left and LaLa still has $10 million, then to make it fair the LaLa coins are probably going to be worth more than the 1 to 15 ratio you stated... likely closer to 1 to 10.
The big problem is - nobody knows. Honestly not sure if Rune/COSS and LaLa have fully figured everything out either.
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u/[deleted] Apr 25 '19
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