I bumped this up to see if I can get some valid feedback.
Topic: [ANN] [ICO] (QSA) Quinto S.A. Sponsorship (@ Crossroads, Need Opinion Please) (Read 306 times)
March 02, 2020, 08:58:29 AM
March 01, 2020, 09:39:39 AM
It has been nearly a year since our last posting and I (Majority Owner and lead developer) would like to explain our absence.
During the time when we first announced the ICO and promoted Quinto S.A. my mother was diagnosed with Alzheimer’s and I felt it was my duty to focus on her well-being, and put this project on hold. Sadly enough, my mother passed away in September of 2019.
With my personal life back to normal, my primary focus was once again my project. For several months, I finished up the development of our back-end server software and worked with another individual to help design a working model.
Now with the back-end completed and a good concept of what is required for the front-end interface, I am at a crossroads. I have been talking with private investors and recently agreed upon a $150K investment with one individual, however, this is not an adequate amount to fulfill all the necessary requirements to start in May 2020.
Finding private investors is very difficult when my inner circle is not very large. I have restructured my QSA token and been contemplating on trying the ICO again.
I have a serious question and am seeking forum opinions. Should I try an ICO again? I have a small core group that I trust but want outside opinions. I know that we can and will find private investors over time, but don’t know which would achieve my goal faster (if at all).
Thanks for reading my post.
April 09, 2019, 09:29:25 PM
Just wanted to thank you for answering all of my questions.
I hope others will see the benefits of purchasing tokens to be on the side of the house.
The odds are definitely good.
I just wish I had more to invest.
Also, I hope you don't let those that seem to attack your project (imho), get to you.
Remember, you get the most flak when you're over the target!
I hope others will see the benefits of purchasing tokens to be on the side of the house.
The odds are definitely good.
I just wish I had more to invest.
Also, I hope you don't let those that seem to attack your project (imho), get to you.
Remember, you get the most flak when you're over the target!
April 07, 2019, 10:23:43 AM
So, once the jackpot tokens have been secured for the games' guarantee, the investors will continue receiving returns, even after the jackpot is fully self sustaining?
Also... Will Quinto S.A. at some point, buy these tokens back from the investors, or is this an open ended investment?
Thanks in advance...
Also... Will Quinto S.A. at some point, buy these tokens back from the investors, or is this an open ended investment?
Thanks in advance...
So, once the jackpot tokens have been secured for the games' guarantee, the investors will continue receiving returns, even after the jackpot is fully self sustaining?
In the QSA Token Contract Section (3) “Token Fee Schedule”:
Also... Will Quinto S.A. at some point, buy these tokens back from the investors, or is this an open ended investment?
In the QSA Token Contract Section (4) “Reimbursement Schedule”:
Quote
4. Reimbursement Schedule
In the event that Escrow account has available funds for payout, Sponsor must initiate reimbursement to Token Holder(s) no later than Midnight UTC on July 01, 2021. Sponsor has the right to buy back Tokens at any time should the Token Holder be willing to sell back to Sponsor. Sponsor is not responsible for any lost or stolen token. Token Holder(s) have until Midnight UTC on January 01, 2022 to turn in their tokens for reimbursement, any remaining funds in Escrow after this date will become the property of the Sponsor.
In the event that Escrow account has available funds for payout, Sponsor must initiate reimbursement to Token Holder(s) no later than Midnight UTC on July 01, 2021. Sponsor has the right to buy back Tokens at any time should the Token Holder be willing to sell back to Sponsor. Sponsor is not responsible for any lost or stolen token. Token Holder(s) have until Midnight UTC on January 01, 2022 to turn in their tokens for reimbursement, any remaining funds in Escrow after this date will become the property of the Sponsor.
Our contract has a termination date insomuch that both parties have mutual benefits. Once our Reserve reaches one time (x1) of the guaranteed jackpot amount, our intention is to start offering a buyback of the token, so the token holders can have an early exit should they want. Nonetheless, the longer the token holder keeps their token(s) the more they earn in premiums.
We strongly encourage the token holder's to supply us with an email when purchasing their tokens. Not only will you be sent weekly updates on the token current valuation, but you will also be notified of buybacks or any other happenings with the token.
NOTE: We do not use the term investor as these token are not security nor an investment.
April 07, 2019, 12:28:08 AM
So, once the jackpot tokens have been secured for the games' guarantee, the investors will continue receiving returns, even after the jackpot is fully self sustaining?
Also... Will Quinto S.A. at some point, buy these tokens back from the investors, or is this an open ended investment?
Thanks in advance...
Also... Will Quinto S.A. at some point, buy these tokens back from the investors, or is this an open ended investment?
Thanks in advance...
April 04, 2019, 06:04:24 PM
Is it possible you’re not fully understanding the concept of the QSA token?
Quinto S.A. has shareholders, which is separate from QSA sponsorship tokens. Your use of the term “investor” implies ownership of Quinto S.A. QSA tokens does not represent security within Quinto S.A., however, Quinto S.A. is very motivated, as all shareholders expect a substantial ROI and what is a better motivator than a successful site.
So yes, there is a symbiotic relationship between QSA token value and the profitability of Quinto S.A.
Let us explain by looking at our Bonanza Bingo game:
Token holders ("Sponsors") are taking on the risk of paying the guaranteed jackpot amount, and therefore charge a premium of 15%1 of the jackpot funds collected. This amounts to 5.25 bits per wager for this particular game, thereby increasing the value of the QSA token.
What’s not fully transparent is the overall risk to the Sponsors decreases with each wager. The deficit between collected jackpot funds and the guarantee jackpot amount is reduced per wager and at some point the deficit becomes ZERO; to which Sponsors take on no more risk, although the premiums continue.
1Please read the QSA Token Contract for actual details.
Quinto S.A. has shareholders, which is separate from QSA sponsorship tokens. Your use of the term “investor” implies ownership of Quinto S.A. QSA tokens does not represent security within Quinto S.A., however, Quinto S.A. is very motivated, as all shareholders expect a substantial ROI and what is a better motivator than a successful site.
So yes, there is a symbiotic relationship between QSA token value and the profitability of Quinto S.A.
Let us explain by looking at our Bonanza Bingo game:
- Wager amount for a single card is 50.00 bits
- House edge of 5%: 2.50 bits (our motivator)
- Minimum payout per wager: 12.50 bits
- Jackpot funds: 35.00 bits
- 1 000 000 bits guaranteed jackpot
Token holders ("Sponsors") are taking on the risk of paying the guaranteed jackpot amount, and therefore charge a premium of 15%1 of the jackpot funds collected. This amounts to 5.25 bits per wager for this particular game, thereby increasing the value of the QSA token.
What’s not fully transparent is the overall risk to the Sponsors decreases with each wager. The deficit between collected jackpot funds and the guarantee jackpot amount is reduced per wager and at some point the deficit becomes ZERO; to which Sponsors take on no more risk, although the premiums continue.
1Please read the QSA Token Contract for actual details.
To make it short the token your selling is NOT BACK by anything? Is that correct?
You are selling tokens via Token Sale, You can simply says "hey we need money to create our platform give us your ETH/BTC then we send you a token"
What are most ICOs? A promise of a future product in which they are asking you, the token holder, to supply money to build that product. People purchase the token on the belief that this product will be built so that the token will make a profit.
But what do you also see on most ICOs:
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April 04, 2019, 09:00:41 AM
Is it possible you’re not fully understanding the concept of the QSA token? Quinto S.A. has shareholders, which is separate from QSA sponsorship tokens. Your use of the term “investor” implies ownership of Quinto S.A. QSA tokens does not represent security within Quinto S.A., however, Quinto S.A. is very motivated, as all shareholders expect a substantial ROI and what is a better motivator than a successful site. So yes, there is a symbiotic relationship between QSA token value and the profitability of Quinto S.A. Let us explain by looking at our Bonanza Bingo game:
Token holders ("Sponsors") are taking on the risk of paying the guaranteed jackpot amount, and therefore charge a premium of 15%1 of the jackpot funds collected. This amounts to 5.25 bits per wager for this particular game, thereby increasing the value of the QSA token. What’s not fully transparent is the overall risk to the Sponsors decreases with each wager. The deficit between collected jackpot funds and the guarantee jackpot amount is reduced per wager and at some point the deficit becomes ZERO; to which Sponsors take on no more risk, although the premiums continue. 1Please read the QSA Token Contract for actual details. To make it short the token your selling is NOT BACK by anything? Is that correct? You are selling tokens via Token Sale, You can simply says "hey we need money to create our platform give us your ETH/BTC then we send you a token" April 02, 2019, 11:17:30 PM
Even though I have already bought your tokens, I have a follow-up question about what you wrote? What’s not fully transparent is the overall risk to the Sponsors decreases with each wager. The deficit between collected jackpot funds and the guarantee jackpot amount is reduced per wager and at some point the deficit becomes ZERO; to which Sponsors take on no more risk, although the premiums continue. Could you please explain how the deficit becomes ZERO? We'll do our best... We have two different holding accounts "Disbursable" the funds in which to pay to players and "Reserve" funds collected to reduce sponsorship risk. We use a proprietary calculation to determine the current risk to the Sponsors and still maintain jackpot growth. At the opening of our site, this ratio is 1 to 9 ( Disbursable : Reserve) and gets adjusted on each individual game depending on the play for each game. Still using the data from our Bingo Bonanza game example in the previous post: Let us explain by looking at our Bonanza Bingo game:
Token holders ("Sponsors") are taking on the risk of paying the guaranteed jackpot amount, and therefore charge a premium of 15%1 of the jackpot funds collected. This amounts to 5.25 bits per wager for this particular game, thereby increasing the value of the QSA token. Assume we have 4 players with 1 wager each, the total collected for the jackpot ("Amount") is 119.00 bits, minus the Sponsors fee of 21.00 bits. The Amount would be disbursed as follow:
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