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Topic: [PRE-ANN][XR] XERO [IPO] [PLANNED USE OF FUNDS][FINANCIAL MULTIPOOL] - page 3. (Read 4713 times)

sr. member
Activity: 392
Merit: 250
It's great that you start your information from na IPO, mates. Good luck!
hero member
Activity: 840
Merit: 1000
Yes, I will be publishing a document with a more detailed plan soon. The short of is that it will depend on what we invest in.

I'm going to be honest and say that I'm not the greatest developer in the world but I have a few ideas for marketing / supporting community projects etc. I have an idea for a new algorithm if that's what people are looking for but the work would have to be outsourced.
sr. member
Activity: 280
Merit: 250
Just a small update on IPO divdends:

They will be non - transferable for 6 months. After that a 3% will be inncured when transferimg ownership.

80% of divedends will go to investors and 20% to coin plan. These dividends will be paid out quarterly unless they are to small.

Could you please explain this a little more clearly with real figures please? Like for example, if you received a total of 10 BTC (.1 BTC from 100 people), and the coin launched on June 1st 2014, what exactly does one of the investors who invested .1 BTC recieve and when.

Also could you have one official escrow arranged for collection and have them announce their fee on the OP, so people have a choice. I think bigger investors would prefer the escrow and the fee is usually relatively very small.
full member
Activity: 238
Merit: 100
Quote
Difficulty readjustment: 168 hours.

You're kidding, right?

hero member
Activity: 518
Merit: 500
Tell me more details
hero member
Activity: 560
Merit: 500
I'm not sure if I would invest because I'm not sure there is a need for yet another scrypt coin, but I agree that innovation for the sake of innovation is not the only thing. Also, it is nice to see that the promoter of the coin is not a new account but someone with real activity and a complete profile that can be researched. Just for that I'll think about it.
hero member
Activity: 840
Merit: 1000
I dont see what is innovative about this coin? the fact that you will use the IPO to fund the coin? thats been done before...


Thanks for the feedback. Some of the money will reinvested so investors could potentially get their money back just on that.

Also there must be a reason why doge is so successful right? Advertising.
legendary
Activity: 1120
Merit: 1000
I dont see what is innovative about this coin? the fact that you will use the IPO to fund the coin? thats been done before...
hero member
Activity: 840
Merit: 1000
what's different between others ?

This coin might not have technical innovation but that's not needed, its innovation is the plan for the future. The IPO money won't be used to buy Lamborghini's and houses, it will be used to promote the coin. If you take a look at HVC with its great features from a technical standpoint they are amazing but there is a reason why its trading at 1\10 IPO price because the money was spent by the devs on anything they liked.

full member
Activity: 160
Merit: 100
What is the innovation of this coin?
sr. member
Activity: 262
Merit: 250
what's different between others ?
hero member
Activity: 966
Merit: 501
long-term plan? right now I can see nothing.
hero member
Activity: 840
Merit: 1000
Just a small update on IPO divdends:

They will be non - transferable for 6 months. After that a 3% will be inncured when transferimg ownership.

80% of divedends will go to investors and 20% to coin plan. These dividends will be paid out quarterly unless they are to small.
hero member
Activity: 840
Merit: 1000
An IPO that is 50% to advertise a coin with 0% new or innovative features...

yeah...

...no

 Undecided

That money would be better spent investing in marketing and advertising an established coin that already has a community, features and architecture.

You are entitled to your own opinion, thanks for the feedback. However sometimes a coin with a plan for the future is better than a coin with new features just take a look at HVC.
sr. member
Activity: 350
Merit: 250
Vires in Numeris
An IPO that is 50% to advertise a coin with 0% new or innovative features...

yeah...

...no

 Undecided

That money would be better spent investing in marketing and advertising an established coin that already has a community, features and architecture.
hero member
Activity: 840
Merit: 1000
I think you will do well

Good Luck

Thanks for the feedback, much appreciated.
hero member
Activity: 840
Merit: 1000
escrow?

Sure if you would like but all expenses are paid by yourself. Do however check my trust if you need reisurrance.
hero member
Activity: 840
Merit: 1000
After some initial feedback the reward per block has been changed to 150.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
hero member
Activity: 840
Merit: 1000
wait for you

Alright no problem, if you have any questions just ask.
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