Sale opens: 11th of January 2020 16:00 UTC
PNK holders one extra day: 10th of January 2020 16:00 UTC
NOPE: voted against KIP-18: Allow current holders to start buying 24h before the sale start time - #4 by marsrobertson
Baseline price
Baseline price to be established as:
- weighted average
- 5 previous days (9th, 8th, 7th, 6th, 5th January)
- 5 3 2 1 1 (weights, Fibonacci sequence)
- close price
- CoinMarketCap 50%
- CoinGecko 50%
- 3 significant digits
Source data (replace 2019 with 2020 in due course)
CoinMarketCap PNK: Kleros Price History and Historical Data | CoinMarketCap
CoinGecko PNK: https://www.coingecko.com/en/coins/kleros/historical_data/usd?start_date=2019-01-01&end_date=2019-12-10#panel
PROBLEM: price is in USD, not ETH. Need to obtain the price of ETH and do some math.
CoinMarketCap ETH: Ethereum Price History and Historical Data | CoinMarketCap
CoinGecko ETH: https://www.coingecko.com/en/coins/ethereum/historical_data/usd?end_date=2019-12-10&start_date=2018-12-10#panel
Calculated baseline: 0.0000460
Pricing tiers
Once we establish the baseline, we can establish pricing tiers.
The initial proposal contained seemingly random increments.
I suggest the main chunk to contain 50m at the baseline price.
Then ten 10m PNK tiers, with the last one being 1.618 (golden ratio) more expensive than the baseline, in equal increments.
There is also a promo tier - thank you to existing holders those who were super fast.
| Tier | Price | Amount | Φ |
|---|---|---|---|
| promo | 0.0000432 |
10m |
-0.0618 |
| main | 0.0000460 |
50m |
baseline |
| 1 | 0.0000488 |
10m |
0.0618 |
| 2 | 0.0000517 |
10m |
0.1236 |
| 3 | 0.0000545 |
10m |
0.1854 |
| 4 | 0.0000574 |
10m |
0.2472 |
| 5 | 0.0000602 |
10m |
0.3090 |
| 6 | 0.0000631 |
10m |
0.3708 |
| 7 | 0.0000659 |
10m |
0.4326 |
| 8 | 0.0000687 |
10m |
0.4944 |
| 9 | 0.0000716 |
10m |
0.5562 |
| 10 | 0.0000744 |
10m |
0.6180 |
(check the Google Sheet for calculations)
Variations
If the community decides “no promo tier” then expand the baseline to contain 60m PNK and keep 10 golden ratio increments.
If the community decides that 61.8% increase above the baseline is too steep, then pick half of it 30.9% - the increment is required to put some pressure and incentivize prompt decision making. On the other hand - there is whole entire month to plan - you either do or do not, there it no try!