The share is now created as a depository share. The free spinoff distribution as spoken about in the previous post, will take place tomorrow Wednesday, about between 4-7 pm UTC.
- A test item will be created and 1 units given to all holders of CK.
- This test item will be spoiled until its number goes below 50,000.
- Then 1*MKA is dividended to holders of the test item
- Zech is ineligible. His part plus the residual (total approx 30%) will be later given to those with wisdom, with weight on the middle class.
See the item here.
This free giveaway is the first distribution of the EB stock after the founder's stock+options plan earlier today.
The structure currently is:
150,000 shares "A" free-trading (incl these 50k), with votes and dividends
400,000 lock-in shares "B" with votes and dividends, will come free-trading in 2017-2018
500,000 options with no votes nor dividends, convert to stock in 2019-2021
Maximum number of total stock (incl all classes) depends on the number of users in the system: with 50k users it is 4 million shares (80 shares per user), with 5 million users it is 10 million shares (2 shares per user).
The currency, kansanmarkka, People's Mark, will be launched later this month by this organisation.
PRE-ANN update in the altcoins forum.
Nice