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 In the end the whole process will be still easier, quicker and cheaper as “outdated” traditional ways.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