BUT will it blend?
You might have some trouble, but I believe you can get it to work if you put your mind to it.
Topic: 🙅🔒🚫🔼👀💸 [ANN] This Token is NOT A SECURITY - A Wealth-Redistribution Token (Read 157 times)
August 05, 2018, 12:21:22 PM
You might have some trouble, but I believe you can get it to work if you put your mind to it.
August 04, 2018, 07:08:20 PM
BUT will it blend?
August 04, 2018, 11:21:15 AM
NOT A SECURITY
NotASecurity (NOT) is a wealth-redistribution utility token designed specifically to bypass the SEC's definition of a financial security. However, token holders may still receive a positive flow of Ethereum simply by having NOT tokens assigned to their Ethereum address: Token purchases are fixed at a constant 1:1 exchange rate with Ethereum. The Ethereum proceeds of all token sales are split between the top 10 token holders.
Consider the following example, in which 10 token holders have the following NOT balances:
| Token Holder | NOT Balance |
| Alice | 30 |
| Bob | 40 |
| Charlie | 15 |
| Diane | 10 |
| Eve | 5 |
| Fred | 5 |
| Greg | 5 |
| Harry | 5 |
| Ian | 4 |
| Julia | 1 |
Then, Kelly purchases 200 NOT, which leads to the following distributions of Ethereum:
| Token Holder | Ethereum Distribution |
| Alice | 60 |
| Bob | 40 |
| Charlie | 30 |
| Diane | 20 |
| Eve | 10 |
| Fred | 10 |
| Greg | 10 |
| Harry | 10 |
| Ian | 8 |
| Julia | 2 |
The NOT balances then become:
| Token Holder | NOT Balance |
| Kelly | 200 |
| Alice | 30 |
| Bob | 20 |
| Charlie | 15 |
| Diane | 10 |
| Eve | 5 |
| Fred | 5 |
| Greg | 5 |
| Harry | 5 |
| Ian | 4 |
| Julia | 1 |
Note that Julia is now the eleventh highest token holder, so she will not receive any future distributions unless she purchases more NOT.
Website: http://notasecurity.com
Whitepaper: http://notasecurity.com/e2230293625a1606b3e5d8fb8a887565.pdf
Contract Source: https://etherscan.io/address/0x3a49bf3a4e4b8eb1231327839ba504b94e3e4cef#code
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