One of our concerns with our ICO is that we will have approximately 15M$ that will need to be turned into USD and paid out of escrow to contractors, vendors and service providers. We were looking for an idea and/or mechanism whereby this could be affected without affecting the BTC, Ether, etc. markets; i.e. downward pressure on valuations.
In our current thinking, it would look something like this: We surrender the BTC/Ether to an exchange or some other entity at a discount in exchange for an agreement that insures price stability. In other words, the market maker would agree to sell, for example, 1M USD worth of tokens per month over a 12-month period of time.
Any thoughts and/or suggestions would be greatly appreciated.
Thank you for your consideration,
Lloyd Wallace and Jeff Oslin
In our current thinking, it would look something like this: We surrender the BTC/Ether to an exchange or some other entity at a discount in exchange for an agreement that insures price stability. In other words, the market maker would agree to sell, for example, 1M USD worth of tokens per month over a 12-month period of time.
Any thoughts and/or suggestions would be greatly appreciated.
Thank you for your consideration,
Lloyd Wallace and Jeff Oslin
I have read thousands of posts here and dissected nearly a hundred white papers and ICO announcements. Rarely, does anyone outside of a "pump and dump" topic mention what effect their decisions will have for the rest of us. Now I've been thoroughly enjoying everything that I've seen from you at your website and here in this forum.
BTCT, this is probably the most forward of thinkers/practical dreamers backed by action I've come across in all my days. Keep up the amazing work Lloyd and Jeff.
Regarding your concerns, a contract with an exchange seems like the ideal approach to this. I can't think of a better solution. My thoughts on this would be, don't discount too much. You have to keep in mind that Bitcoin, over the period of time your talking about will go up in price a few thousand dollars per coin. It's highly likely to be the same for ETH. That is a gift that keeps on giving us you ask me.