Almost 50% of funding will literally go to these guys, only 50% will be for the shareholders. So you guys are basically losing 50% of your investment like that. Why are they asking for this much? Also there is no maximum limit in their ICO that will last weeks, this is crazy. They literally set no max but they set a minimum. Development People 22%, General & Adminstrative People 6%, Marketing guy 4%, Lawyer guy 3%, IT Security guy 2%.
37%!?!?!
What type of shit is this?
Look in the WhitePaper they even put all their ETH addresses, what a bunch of shills. Let's all just make a Telegram chat and choose which projects to invest our money in, everyone can invest their money 100%. This is unbelievable, they want you to pay them 50% of the funds and then you guys all come together to decide which projects to invest in with the 50% leftover, hahaha! Let's just make a telegram chat and everyone can keep their money.
Unlimited funding ICO with no max and whitepaper includes all of their ETH addresses, haha! Whoever falls for this, smh!
Sometimes you have to dig deep to uncover the truth guys even if it looks good on the outside. This ICO is a big Red Flag.
Hello AmarO, though I realize that you've posted here just to troll and that you didn't read the whitepaper, I'm answering in the hopes it might benefit someone who is serious about securities. Besides being very rude there is not one part of your post that is based on truth. There is a max cap and the percentages are simply wrong, anyone can verify this by reading the whitepaper. The Ether accounts are in the whitepaper to link them to the members of the B of D who are operating in an anonymous environment (for transparency purposes). Off course a part of the raised Ether is used to fund the development of DCORP and the derivatives exchange, no secret there either..
I would like to invite anyone who is interested in a serious review to read the post on Reddit (
https://www.reddit.com/r/dcorp/comments/6dcsnj/due_diligence_questions_disclaimerwhitepaper/), look at the results of the code review, do a code review yourself or do a background check on any of my team members, as was done several times before.
Those percentages are from the Whitepaper..
Look 50% of shareholders funds are spent on blah blah, then 50% left to invest where ideas will be voted on. So 50% gone and 50% left to invest. If there is an idea I don't like but majority vote for it then too bad for me. Why is it not better for me to just invest in ICOs I trust? Why should I join your organization where I must lose 50% of my investment then vote on proposal investments with the 50% left? Also when you cash out of those projects you dump the coins on the market?
Hello AmarO, thanks for being less rude, we can have a normal conversation about it
My name is Frank Bonnet, I'm one of the Solidity developers working on the project.
First of all, nobody is forcing you to be part of this ICO. In fact, personally I prefer that the people who join DCORP (through the ICO) believe in the project as much as we do. 49% of the investment is not lost, it is used to develop DCORP and to develop a complete decentralized derivatives exchange (a unique on-blockchain platform to trade decentralized option and future contracts). Derivatives play a huge role in the traditional world and will enable users of cryptocurrencies to hedge their risks and allow leverage trading, all trustless and on the Ethereum network. Derivatives can even bring a much larger audience to the blockchain. The derivatives exchange is owned by DCORP (and thus by its shareholders) and generates Ether for them through collecting fees from premiums. Building such a platform in a new environment with limited resources is a huge undertaking and comes with huge responsibilities you can imagine.
Now, the remaining 51% of the Ether allows the token holders to decide which projects we should develop next or it allows new talent to join the organization. Voting on the development of the derivatives exchange is unnecessary, because during the ICO you can already decide if you join or not. It also serves the purpose of backing the value of DRP, the remaining Ether and the prospect of dividend and growth.
I don't see how I (we) could dump coins on the market after cashing out those projects. Can you explain please?
I hope I've answered the rest of your questions.