Topic: ✅ [ANN] Goodomy - From the Creator of the first ICO - v1.0 on August 24th!! - page 15. (Read 15050 times)

Goodomy. The new project from the creator of the first ICO.

The creator of Goodomy also created the world's first ICO, Karmashares (for Karmacoin) in Aprll 2014.

JR Willet of Mastercoin is often cited as the "inventor of the ICO". However, according to JR Willet's post on Bitcointalk (as user 'dacoinminster'), "MasterCoins are intended to be an investment opportunity on par with buying bitcoins when they first came out....Bitcoins raised in the fundraiser are being used to fund the development of software implementing the MasterCoin protocol. The fundraiser was structured like a kickstarter, but it is also an investment. If we're successful, the purchased MasterCoins could be worth a tremendous amount of money someday."

According to their original whitepaper, the "Initial distribution of Mastercoins will essentially be a fundraiser to provide money to pay developers to write the software which fully implements the protocol."

Unfortunately, a "crowdsale" is not the same as an "ICO". Crowdfunding is merely a method of fundraising, whereas an ICO raises coins for both capital and as a representation of ownership interest in an enterprise, like a digital stock certificate. We referred to our new model as both POC (proof-of-coin, to secure the coin's economy) and IPOCOs (Initial Public Offerings for COins, for subsidiaries or derivatives). In fact, we even had digital certificates to go along with our list of owners as well as bonus periods for earlybirds.

The intention of Karmashares was to provide ownership interest in the enterprise and a decentralized means to manage it to the Karma community, not merely to raise funds. Because of this ownership interest by means of a coin, it thus meets the definition of "initial coin offering".

MaidSafe's crowdsale was announced on April 21, 2014, three days after Karmashares and Karmashares IPOCOs (Initial Public Offering for COins) launched and twelve days after Karmashares was announced. The crowdsale raised both Mastercoins and Bitcoin. (And, interestingly enough, a Karmacoin team member was the 2nd person to post on the official Mastercoin Foundation thread, complete with signature talking about Karmacoin.)

Here is my post that proposed the idea, and our efforts to reach out to other coins to spread the news about how effective it had been in such a short period of time, and 'burned' unallocated shares.

Cointelgraph also reported on it.

Market Information

CoinExchange.io
GOOD/BTC @ https://www.coinexchange.io/market/GOOD/BTC
GOOD/ETH @ https://www.coinexchange.io/market/GOOD/ETH
GOOD/DOGE @ https://www.coinexchange.io/market/GOOD/DOGE

GOOD ERC20 Token Address
0xae616e72d3d89e847f74e8ace41ca68bbf56af79
6 decimals
Contract name: "Good Karma"
(Goodomy's old name. We may perform a swap to new tokens, whereby the contract name would change to 'Goodomy' also.)





Using Shopomy, we can refine GOOD tokens into something far more valuable to billions of potential end users: cash flow. This isn't just cash flow for businesses but everyday people having more cash flow from the savings they will realize using Shopomy. Here's a crude analogy:



While other projects are busy making kerosene, Goodomy is busy making a new kind of thing called gas. Kerosene was a huge market before gas, of course, but once people figured out 'gas' the world was never the same.

In this way Ethereum tokens are like crude oil. We can either use tokens as they are (like using kerosene for lamps) or refine them into something far more valuable to both business and the average person: cash flow

• People want more money in their pocket
• Businesses want more money on their pocket

Goodomy can do both, through Shopomy.

Keep in mind that before people discovered how valuable oil really was, kerosene producers threw away gas for years because they had no use for it. We are doing something that pretty much no one understands. But when they do understand it, we will already be "The King of Oil"



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Securities Disclaimer: The information contained in this website forum is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company or entity. Any such offer or solicitation will be made only by means of the Company's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly the information contained in this forum does not constitute investment advice or counsel or solicitation for investment in any security. This information does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Goodomy and its agents expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.