Once the feeshare sale is over, what is the total number of coins ever exist?
ShareCoin Re-Distribution
ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways:
MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at:
Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time.
Current Total is only 100 000 000 coins
In order to sell 50% of the FEE SHARES, we need
50,000 FEE SHARE * 20 000 = 1000 000 000 coins.
So the 100% of the FEESHARES 100 000 are effectively worth 2 Billion share coins.
But we only have 100 million coins to start with.
I am confused?
The initial sale only offers 5,000 FEEs. that's 100,000,000 ShareCoin in total.
ShareCoins generated from FeeShare will be distributed back to the community through the exchange's interest and the multipool.
But when you do the payout to the shareholders, they will only get 0.001% of the profits,
even though there are only 5000 FeeShare (5% of the total) are there to start with, right?
or do you see the 5000 shares as 50% until you do the next distribution of fee shares?
I expect they are front loading their profits to pay for upfront dev costs and stuff. Remember, the devs got 0 coin in this, yet they (he) spent all his time, money and energy setting everything up. That said, I'm sure they will only be paying out 5% of the revenue at the beginning.
Thats fair I think for all the dev effort and upfront costs.
So in effect, the public will be getting 5% of the revenue and the remaining 95% (50% for the dev effort + 45% of the non-existent future shares
) will be kept by the devs when we start.
maybe this make easier to understand.
its an exchange , has an owner. who's the owner? ziplibrary who build it.
poloniex own by busoni(& staff as) , profits 100% goes to busoni(& staff).
shareXcoin own 100% by ziplibrary as owner (before any FEE being sell) , profit 100% goes to ziplibirary as the only owner.
now 5% of sharex being sold to public , of course 95% goes to owner and 5% goes to us (public).
there is no 45% of the non-existent future shares , because basicly that 45% have not sold yet and still belong to the owner of the company (exchange)
CMIIW
