Dear folks,
Quantum Publishing has kindly posted a review of
Handelion ITO. We promised we would provide our answers. Is that
Alibaba? How are token-holders going to be paid their commissions? See answers below:
1. How are we (token-holders) going to be paid?As we have not provided details on that before, we have made amendments to our
Whitepaper, that is available now on our website and says the following:
“HDLT holders’ commissions will be paid out in HANDs coins, circulating within the system.
Few examples:
- Commissions for use of capital will be paid out according to ‘a smart-contract’ upon closure of funded deal.
E.g. a deal is being backed by 100’000 HANDs. Investors’ accrued commission for 3 months use of capital is 2%. Immediately upon closure of deal investors get their 100’000 HANDs plus 2’000 additional HANDs. - Handelion will generate system commissions. A part of these commissions will be paid out according to a proportion of HDLTs held.
E.g. Handelion has generated shareable commissions at the amount of 10’000 HANDs. An investor holds 7,63% of total HDLTs supplied. Therefore, the investor receives 7,63%*10’000 HANDS, or 763 additional HANDs immediately after a deal closure.
2. Total token supplyTotal token supply is 2’250’000 during the pre-ITO plus 27’500’000 during the ITO. Pre-ITO goal is 1,8M EUR equivalent. ITO goal is 25M EUR equivalent. Together that makes 26,8M EUR equivalent. Pre-ITO goal was primarily to get the feedback from potential token holders and make necessary corrections before the ITO. We see now that there is a huge interest in HDLTs. According to
Quantum Publishing comments, our
Whitepaper is complete enough to attract token holders. That is why we have added pre-ITO results into financials that can be found in our
Whitepaper. We hope that we have eliminated confusion of
Quantum Publishing.
3. Why the same income every year?There are two types of income:
- direct investors (participants of the platform) commissions for use of their capital;
- HDLT holders’ commissions.
According to financial plan, 23% of funds collected during the HDLT token sale will serve as collateral to HAND coins issuance. That is the same amount of HAND coins, that HDLT owners will be able to use for funding deals. This sum will generate same direct investors’ commissions. The plan does not include reinvestment of commissions, assuming that HANDs holders will withdraw commissions. To avoid another misunderstandings, we have renamed the position in financials.
4. 23% exchanged to HANDs?23% of funds collected during the HDLT token sale will serve as collateral to HAND coins issuance. That means, that HDLT holders keep the HDLTs and receive HAND coins. We have also fixed that in our
Whitepaper.
5. B2B platform? Alibaba?If you are a private investor, you are a participant of the ecosystem and you are able to fund deals between business owners. That is resembling to peer-2-peer lending platforms way of functioning. One of the differences is, that we are adding buyers, sellers and services into the ecosystem, allowing parties to interact directly. And we have to agree with
jsnip4 rather than with
Quantum Publishing. Remember what was
Alibaba like in 2000? Take a look at the pictures following the link on our website:
https://www.handelion.io/single-post/2017/10/16/Quantum-Publishing-questions-answered It said, it was Global Business to Business e-Market. Now it still is focused on B2B trade and it says – "Global Trade Starts here".
So,
Quantum Publishing might have mixed it up with
AliExpress, that is more end-user oriented.
Yours sincerely,
Handelion Team
