Hi,
I would like to present mail of my PM - I am only the PO in our Scrum Team (we develop agile...). The PM and the Dev Team would like to remain anonymous. Please read, what Oz, the PM, written us:
"
Hi, I am Oz.
I am proud to present my plan to establish an auction house on the byteball open ledger (later Byteball).
The name of the auction house is Dorothyum.
You can use Charm to buy something in this auction house.
Charm is an asset on Byteball. I reserve 1% of Charm for me (0.3%), and my team (0.7%).
Charm is backed currently only with one emerald, stored in London and behind an asset issued by ifinta on Byteball. ifinta is on Byteball a verified asset issuer. He will present this mail to the community and he is the PO in this project. I am the PM. I have a dev team. I would like to remain anonymous. Here is a link to the asset description on the Byteball asset directory:
https://byteball.market/#!/assets/2z36V1HUNmvFedu9PH0I3SzCd+TjOhXZCijrIYWbA5w=I bought this Asset (EMERALD or EMD) from ifinta, but I didn't claim it - ifinta stores this emerald for us, he is the custodian of this piece of emerald. We signed an agreement about it. We known each other personally. For one year storage, I paid 1% Charm to ifinta. After one year I will decide to pay another 0.5% for the next year, or close this agreement. If I decide to pay for storage of this emerald for a year, I always get the right to expand for the following year this agreement, but I will pay always the only half price for the following year. If I decide to claim the emerald, it will no more back up Charm, it will be offered on an auction house. The price of the emerald (100%) will be shared as an extra revenue for a stake in Charm (92.3%) and the remained amount (7.7%) belong to me and my team.
This emerald currently has a certificated price: 104000 British pounds ~
it backs 1 000 000 000 Charm (max. supply)
Buying Charm in this ICO you should send Bitcoins to this address:
1CoVKCMfkUr1fPqEWhoBhv1dRJmKREpsfn 1 000 000 Charms cost 0.02 Bitcoins - but up to end the day of 10th of June 2018 is only 0.018 Bitcoins ... All time is in UTC. This offer is closing at the end of June, or if all Charms are sold out completely. The max. supply will be 1 000 000 000 – no one can be created later on Byteball.
Payments more as 0.02 Bitcoins from a single address we accept as 0.02 Bitcoin. The amount above 0.02 Bitcoin we take as a donation for our foundation – a foundation for Dorothyum and maybe more, please see below...
Please use only addresses, where you own the private keys explicitly (never transfer your payment from an exchange... i.e.)! If we can't identify a payment - we will take as a support of our foundation. If some Charms remain - it will be transferred to our foundation also. If you pay later than 30th of June 2018 or no Charms are available and you send bitcoins to us – no problem – we accept it, as a donation for our foundation.
After our development, you can use / support Dorothyum, and you will be rewarded.
You can list assets in Dorothyum,
You can buy assets through auctions, or
You can simply buy listed items on listing price after a week an auction closed and the thing, represented by the asset, and it didn't claim, remained listed... The price is 10% more as the listing price.
This auction house will have always revenue, we hope... This revenue (100%) will be divided into five different shares:
20% of the verified custodians of things actually represented by assets listed in Dorothyum. If an Asset will be sold through Dorothyum, it will remain listed up to three months... The weight of the dividend is listing price * duration of the listing.
45% for the buyer for the whole time, the item is listed, from the beginning of the auction or from the time of the buying, if the asset was simply listed in Dorothyum... The weight for the dividend is listing price * duration of the listing.
18% for a dividend for people they have actually a stake in Charm...
5% reserved me and my team for the development, costs, and support of Dorothyum
12% is for some foundations and organizations acting for the health of our Globe - for life of Gaia
Dividends will be shared latest after one month after a season.
The planned pricelist of Dorothyum:
Start an auction: 0 if the start price is 0. If the start price, not 0 then 1% of the winning bid or the biggest offered price or the initial price, what is bigger... If you give minimal price, you should pay 1% of the minimal price also as a fee.
Give or cancel a bid: 1 000 Toto (Toto is always the smallest unit of Charm. Toto is actually 0.00000001 Charm)
If you win an Asset: 3% of the winner price – winner price will be called later as the listing price
Expand the listing up to three months again: 1% of the last listing price (up to 1 year of the End of the last listing)
Choosing another listing price: 0.5% of the last listing price plus 0.5% of the new listing price
Remarks, posts, critics, investigations, tips are welcome
Best regards,
Oz
"
