I'm working on a crowdfunding site that accepts fiat and crypto, I'm seriously considering creating a token for it. Up to the time that I reached out to PilotofBTC, I was ambivalent about the meaningful differences between NXT, Mastercoin, Counterparty, and any other BTC 2.0 platforms.
I want to raise startup funds for PICISI (the crowdfunding site), what is the protocol for NXT ITOs?
Here is a bit of info on PICISI:
PICISI will be a very powerful vehicle for introducing CC to the broader world. It will enable many different coin communities to get their respective coins lots of exposure and use. Utility is the highest function for a currency, with PICISI Organizers and Donors are gently immersed in a world where CC has meaningful and practical financial value -- at PICISI CC get lots of attention.
When visitors come to the site to raise funds for things that interest them they will have the opportunity to collect fiat as well as CC. There are two host currencies, one for fiat and one for CC. The Organizer has three options: a) accept sponsorship, b) select from list of CCs, or c) PICISI coin (default). If they select sponsorship they will actually get paid because of that selection. That's a great way to introduce CC to someone. As Host CC sponsor all CC donations (regardless of type) are immediately converted to your currency and remain in that currency until spent or for the duration of the campaign. The Organizer has the opportunity to spend CC donations with a campaign contractor(s) who help Organizers create, develop, and/or promote their campaign; thereby causing your currency to cycle again.
In addition to Host CC, there are 4 other sponsorship opportunities....
again, what is the protocol for NXT ITOs?
I've sent you a PM.
Would be happy to help get you started
Thanks for the informative PM, I will take all of the info under advisement.
I heard about JeanLucPicard paper in a NXT youtube vid, after seeing the hard copy I gotta say I didn't understand the content or context.
How does that material relate to crowd funding?
Hmmm ... someone should def make a user friendly crowd funding guide on NXT.
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yes, please