Hello,
This sounds like a very interesting project.
However I have a few questions:
What is the actual use of the NTRY token? Is it necessary for the platform to work or will it be used to share the profits of the company through buyback programs?
If it's the former : How could ppl buy your coin? Would the app include an internal payment gateway allowing them to purchase NTRY by credit card? Wouldn't that make the coins you gave in your example useless?
If it's the latter: How do you plan on making profit with the platform? Through fees?
Thank you
Hey sch_lau,
No the NTRY token itself is not necessary for the Notary Platform to work, but it will have its role.
Right now we are thinking about three different things:
1) The Notary Platform services could be paid by NTRY tokens, but we will also accept other currencies (we want to cover wider range of people).
2) NTRY tokens will represents certain amount of the shares (e.g. 10%) of the company (without rights for profits).
3) After ICO, NTRY tokens will be traded on digital exchanges. The price od the NTRY token will likely reflect the performance of the company, which is good for investors.
Details about the second function are still in the air, we are trying to find a good way to legaly link everything together.
How we will make profit? The service fee, yes. The basics (templates,..) will be free. Everything what is custom made will carry a small fee. In the end the whole process will be still easier, quicker and cheaper as “outdated” traditional ways. More here:
https://medium.com/notary-platform/is-the-notary-platform-economically-viable-bfc39116d79dFor everyone else reading this comment, here is a nice article about different token rights:
https://www.smithandcrown.com/token-rights/ regards,
saso
Hi,
It s me again with new questions if you have the time
If there is no need for the token to be used on the platform how can the value of the token be linked with the success of the project ?
If the token is a share of the compagnie we should be able to earn dividends but it is not the case, what does it means for us that the coin is a share ? I saw the article it seems that the rights we have with a token is different for each project so do we have some right with this tokens in this project ?
The price on the market is linked with the need of the token to be essential for the project (else it is just about speculation) or is reflecting a benefit on the transactions (eth is a fuel for smart-contracts, when you use Particl you need the token to use the platform and you exchange other currencies against the coin: there is a need for the coin so it has a value and with tokencard you earn 1% of all the transactions relatively of the number of tokens you have so the more the project succeed an the more you earn: the coin has a value)
Due to the fact the token won t be essentiel I would like to know if we are we going to earn a % of the transactions to reflect in this token the activity of the project and how much if it s the case ?
Thanks