Hi i need some help as you are a web developer wonder if you can assist
Topic: Law & Legality for ICO (Read 198 times)
Hi guys, I got a question.
Basically I run a few websites that make me few thousands monthly through advertisement.
[ Self Run, Cron Job , not much work on my end ]
I am thinking to scale up this group of websites by doing more SEO to get more visitors, roll out new features to retain and get new visitors but with that I need funds. So I think of doing the following
Raise Fund using ICO via ETH smart contract by releasing my own coin.
I got a question, e.g assume I raise 100k worth of BTC or ETH. I go to invest this sum into my website and pump up its SEO, launch few more sites and services.
If my white paper state I will share 30% of my profit back to my investor, how do I reward my investor, do I buy back the coin I release out at ICO at Exchange? Is this a way to reward my investor or is there other way I can actually reward back my investors.
I was thinking to do the following
1) Collect ad revenue daily
2) Use API to buy bitcoin using the money make
3) Use API to use the bitcoin to buy my released coin
--Other than doing SEO and innovating for my existing website --
As I am a web designer, seo guy and web system developer, was thinking to launch some really big projects that make payment via my coin.
Payment by FIAT > Service quote by current price of my coin against BTC/USD (to get it USD worth).
At the end of the day/week, total revenue * 30% generated will be converted into bitcoin and buy back the coin? or how can I pay back my investor for the Shares they own in my company
Take note I not intending to launch this ICO or thing with US citizen due to securities law, also would like to check any other countries i need exclude if this work this way, I think it sort of like a getting a share in my web businesses.
Basically I run a few websites that make me few thousands monthly through advertisement.
[ Self Run, Cron Job , not much work on my end ]
I am thinking to scale up this group of websites by doing more SEO to get more visitors, roll out new features to retain and get new visitors but with that I need funds. So I think of doing the following
Raise Fund using ICO via ETH smart contract by releasing my own coin.
I got a question, e.g assume I raise 100k worth of BTC or ETH. I go to invest this sum into my website and pump up its SEO, launch few more sites and services.
If my white paper state I will share 30% of my profit back to my investor, how do I reward my investor, do I buy back the coin I release out at ICO at Exchange? Is this a way to reward my investor or is there other way I can actually reward back my investors.
I was thinking to do the following
1) Collect ad revenue daily
2) Use API to buy bitcoin using the money make
3) Use API to use the bitcoin to buy my released coin
--Other than doing SEO and innovating for my existing website --
As I am a web designer, seo guy and web system developer, was thinking to launch some really big projects that make payment via my coin.
Payment by FIAT > Service quote by current price of my coin against BTC/USD (to get it USD worth).
At the end of the day/week, total revenue * 30% generated will be converted into bitcoin and buy back the coin? or how can I pay back my investor for the Shares they own in my company
Take note I not intending to launch this ICO or thing with US citizen due to securities law, also would like to check any other countries i need exclude if this work this way, I think it sort of like a getting a share in my web businesses.
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