I don't understand one thing about this.
This startup is intended to give "crowdfunders" equity in return for investing in their startup idea...
So shouldn't people who "crowdfund" your startup receive equity in your startup in return? This is what you stand for, however, I don't see any reference to you actually practicing what you're preaching.
I apologize if a missed a point and this is what you are actually doing.
This startup is intended to give "crowdfunders" equity in return for investing in their startup idea...
So shouldn't people who "crowdfund" your startup receive equity in your startup in return? This is what you stand for, however, I don't see any reference to you actually practicing what you're preaching.
I apologize if a missed a point and this is what you are actually doing.
Correct me if I'm wrong but my understanding is that
1. The swarm platform is for startups to "crowdfund" their ideas
2. People who "crowdfund" into the swarm startup, receive dividends/equity from all startups that use the swarm platform
Also, are there plans for an audit somewhere down the line? Cheers
Hmmm well I think it goes more like this...
1. Take 4,200 BTC, about $2.7 Million USD, from crypto users for "Round 1" funding.
2. Take another 17,500 BTC, about $11.2 Million USD, from crypto users for "Round 2" funding.
Just needed to point out they want almost $14 MILLION USD to make a kickstarter clone that uses one form of crypto rather than cash...
Facebook only received $500,000 in it's first round of funding by the way. The "Rounds" were at least a year apart not a month...
ok now we can continue...
3. Give said users a 100% pre-mined coin.
4. Try to make a Kickstarter website that only uses this new SWARM coin and hope the crypto community uses it, because no one else will.
5. If someone happens to use the site to get funded then give a very small percent of the funding money raised to people that hold the coin. This will just be more SWARM coin by the way.
6. The funded user gets the majority of the SWARM coin but that's all.
7. The funded user DUMPS all of their SWARM on the first exchange they can find to fund the project, crippling the SWARM price on the market.
8. Devs DUMP all the rest of the pre-mine they have since their shares are quickly becoming worth 1 Satoshi a piece.
9. All users that bought into this "investment" cry on the forums that they were scammed.
10. All others user point out that they told you so by linking to old posts.
There you go the 10 phases of this coin, if it even reaches phase 5. If not it will skip to phase 8 and continue.
. I do not like having my money on a non-viewable account on the amorphous blob of internets.
