Topic: [ANN][ICO] Privelege Coin - page 3. (Read 1045 times)

Privelege Coin is not only a cryptocurrency is also the official means of payment in the Kingdom of Privelege with which you can pay for services and goods from our citizens – from Medical consultations to cloths .

Privelege Coin primarily acts as a member share in the micronation, which allows the owners of the largest number of the cryptocurrency to sit on the advisory board and thereby guide the development of the micronation.

In the future after raising money from Privelege Coin cryptocurrency, Privelege is planning to buy its own Island to create a Tax Free Haven.

The Privilege Coin cryptocurrency will be based on micronation and its quantity is predetermined, without the possibility of adding coins.

Privilege Coin is based on Ethereum blockchain, which guarantees access to the latest development opportunities

By using a Privilege Coin you will pay for services offered by the Kingdom and citizens

Crypto exchanges on which Privelege Coin will be, will be annouced in April

Privilege Coin is based on Blockchain Ethereum which guarantees the stability of the transaction

What are the funds raised going to be used for?
Project development and expansion (70%), with 30% around retaining a law firm, marketing, and non-development related expenses

Why are you doing ICO instead of selling your tokens directly?
An ICO provides us with viable runway to develop a successful business while keeping the project community backed.

What is the token role in your project?
The token is very important in our project. Our Idea and goal are to make a micro-state Tax-Heaven. On our island, the official payment method will be Privelege Coin.  Our goal is to buy an island and then to create a tourist sports resort and a place that is ecologically friendly, but this is not all - the overriding task is to set up on this island a sovereign micronation, an oasis of normality and tranquility for all of you.
Of course, there will be only one currency on the island - Privelege Coin - thanks to that the treatment we will be able to count on its steady growth as it will be based on something existing. Want to spend a vacation with your family on a tropical island? Token is built on Ethereum Blockchain which guarantees the stability and guarantees access to the latest development opportunities

How do you want to earn money due the project?
Like every cryptocurrency, We want to earn money during our ICO sale. After ICO I want to make an announcement about how the ICO went; on what cryptocurrency markets we will be. In secret Privelege Coin will be on 4 or 5 exchanges ( depends if polish exchange will agree).Entry into selected crypto exchanges will take place in April So first ways to make money are ICO and markets. Secondly, our Island will be a Tax-Free heaven, so ON THE ISLAND:
For companies operating on the Privelege island taxes will be minimal and their settlement will take place in Privelege Coin - why? That our cryptocurrency would be in the constant rotation and hence its value would grow.
Of course, we can opt out of taxes and set the initial 'one-time registration fee', but from the economic side, it will not make a difference (because the fee is based on forecasts). Co-creating the country, I have the convenience of determining the amount of taxes and their rules so that they are beneficial for everyone.

Do you have hard cap and soft cap?
The minimum amount that allows us to meet the assumptions is 2500 BTC, the upper limit is 10,000 BTC -
SMALL SUMMING - If we fail to collect enough, we will vote  (every Owner of Privelege Coin)  - to buy a tiny island or land in the Dominican Republic?There will be proposals related to tourism and  Privelege autonomy - of course. Whatever the choice, the concept based on payments only and remains unchanged.
LARGE TOTAL - If we could get a surplus above the assumed maximum, these funds will be spent on developing the island’s infrastructure.

How many tokens do you plan to create? And how many from them will you sell during ICO?
The tokens are already created.The sale will show us the level of interest of the Privelege Coin, will determine which island we can buy and will allow you to calculate the maximum annual issue - if you exceed the 50-year surplus, Privelege Coin will be burned down and its value will increase. Currently, the total number of coins created is valued at 3 billion and the price of a single coin is 25 cents. For sale is 2,5 billion Privelege Coins.

What will happen if you will raise less money than you expect?
If we fail to collect enough, we will vote  (every Owner of Privelege Coin)  - to buy a tiny island or land in the Dominican Republic? 
There will be proposals related to tourism and  Privelege autonomy - of course 
Whatever the choice, the concept based on payments only and remains unchanged.

Why do you think the token price will raise?
Yes, our price will raise because,
The pre-sale will show us the level of interest of the Privelege Coin, will determine which island we can buy and will allow you to calculate the maximum annual issue - if you exceed the 50-year surplus, Privelege Coin will be burned down and its value will increase.
TAXES AND THEIR LACK
ON THE ISLAND:
For companies operating on the island of Kingdom, taxes will be minimal and their settlement will take place Privelege Coin - why? That our cryptocurrency would be in constant rotation and hence its value would grow.
Of course, we can opt out of taxes and set the initial 'one-time registration fee', but from the economic side, it will not make a difference (because the fee is based on forecasts). Co-creating the country, I have the convenience of determining the amount of taxes and their rules so that they are beneficial for everyone.

When will your token be on any of the exchanges?
Our cryptocurrency will enter the cryptocurrencies exchanges at the end of April and the beginning of May

When will the tokens be tradable?
Three weeks after ICO.