Topic: [ANN] SINGULARDTV (ETHEREUM) - Launch Completed! - page 57. (Read 137942 times)

it needs to be explained in detail. what cjmoles said is right. can means either of two options stated or whatever. it leaves the door open for 3rd option which can be "other manners befitting only Founders".

got me confused as well. 400Mil SNGLS is huge portion of tokens to speculate about.  

They literally say they can use it for benefitting SingularDTV.

I did read it, not alone either,....several times.

"THE VAULT
The Vault, which is owned by the Workshop, will hold 400 million SNGLS that belong to S-DTV Founders Zach LeBeau, Joseph Lubin and Arie Levy-Cohen.   Founders have pledged these tokens be locked down via smart contract system for   a period of 2 years. During this time Founders are restricted from collecting dividends or revenue and have pledged all revenue claimed by their 400 million tokens to be re-invested back into S-DTV to produce projects and grow the ecosystem.   Upon completion   of this 2 year term, SingularDTV Founders can reinitiate another lockdown or use the SNGLS in other manners befitting SingularDTV. Founders will receive commensurate compensation as budgeted on a per project basis to act as SingularDTV’s executive team.


REINVESTMENT POLICY
S-DTV Founders will lockdown via smart contract their 400 million SNGLS in the S-DTV Vault for a term of 2 years. Any revenue from these SNGLS will   be reinvested into the S-DTV projects outlined above in PROJECT   FUNDING. Upon completion of this 2 year term,   SingularDTV Founders can reinitiate another lockdown or use the SNGLS in other manners befitting SingularDTV."



Can is permissive....

2.
LAW
allowed but not obligatory; optional.

If you've ever signed I contract, you should be aware of the differences between "shall," "will," "may," and "can."  <---very important words in tort law....


I'm out!

jakev

I have written to you twice a Private Message
but no response from you and the list I do not see myself too

Why do not respond and do not add to the list ??

 

What precise questions do you want answering I am sure they will answer.

That's a huge percentage....they should be more transparent.  The way it reads is that they "might be" used  or they "might not" be used for future development which leaves the question open for a few years....I'm kinda struggling with that one.  I wish it were more clear....

There is a reason to hold them and it is for continual development.

They shall be used for continual development and other systems (secrets).

or,

They may be used for continual development and other systems (secrets).

They are used for continual development and other systems (secrets).

The team owns, and 100M for future investors, their idea is cool, they sell the innovation and reserve for future funds.

Can anybody explain the 400M tokens in the vault?  Who owns those?  Will they be used to fund the project after the two years or do those belong to the devs to do with what they please?  I don't quite understand that because it's a bit unclear....will they be re-invested into the platform: maybe, yes, or no?

So promising coin, that is why i wear your signature, although the bounty is not big.

7.5 is the hard cap currently. It won't go above that once it's over it's over 

I am betting they can raise 7.5 million within a week's time or even by less than a week. Lots of Chinese interest shown in this project and this project was well received in the Devcon2. Maybe this is why the date was preponded. The team understands that they can sell the entire tokens and raise the full amount.  


 

Etherum smart contract no thanks.

Make sure you backup private keys also

great project, it will be another Firstblood, will be finished quickly.

If you have the already funded lightwallet 1 button buy option vs Mist, copy paste contract + enter password + change gas if needed, which one you think is faster ? Its obviously lightwallet, but Mist is more secure.

Kibo raised 2 million usd in 7 hours, I think SINGULARDTV will sell out all of the token within 1 day. How do you think guys?

The team is ahead of schedule