Question from vk.
SWAT tokens and PMCORP are the same thing? or are they different tokens? I'm already confused)
Our SWAT Coin project has two different parts.
First is the crypto currency SWAT. Second part is the Parent Company of SWAT, Pocket Miner Corp which will manufacture and market Pocket Miners
SWAT is the CryptoNote Algorithm based Coin which was initially a WAVES based Asset and then became an ERC20 token and got listed on Yobit. We generated around 12000 USD for this project during our pre-sale in April and then raised another 18000 USD during our SWATX Program and SWATX DRIP in the months of June, July & August. A total of 30000 USD was raised from investors. this was announced on BCT earlier. I have put in my own money of 26000 USD till now and the total investment in our SWAT coin project till date is approximately 56000 USD.
This money is enough to run or project for the next 5 years since we will be aelling our Pocket Miners only through advance payment mode. But on this basis we can run the project only on smaller scale which can help us to sell up to a few hundred Pocket Miners a month over the next 6 months and then slowly increase sales from that level. This will improve the value of our coin slowly and steadily over the next one year.
But recently I got an offer from the IBC group for generating additional funds for our Pocket Miner project through private placement of shares.
Read these posts.
https://bitcointalksearch.org/topic/m.45967310https://bitcointalksearch.org/topic/m.45994962As mentioned by me in the first post,
"we are well funded to run our operation for the next 5 years. But with these kind of private placement investments if they get approved and come in, instead of selling a few hundred Pocket Miners a month we can scale up our operation to sell thousands of Pocket Miners in a day and become a full fledged manufacturing operation on an international scale with our own R & D facilities for new product design and launch."
After my online meeting and discussion with IBC representative this is the detailed proposal they have sent to me for Pocket Miner Corp Private Placements funds generation to the tune of 2 million USD.
https://ibcgroup.io/proposals//cover.php?ProposalID=FCjjqGnHHg-E-wTjSk3amQXuy5h5CYxLpCeGGfKqHMc&ContactID=FrtfNdvmZbiNSsOImniVoUd3urf-1jlDYuMEo8LQyGc We cannot sell SWAT to these private placement investors who generally wish to buy a stock of a potentially profit making company and not a crypto currency. So I created these PMCORP tokens that are like the shares of the company "Pocket Miner Corp" which will become a full fledged manufacturing company and a profit making corporation in the next 30 months. We have already acquired the land for the proposed manufacturing facility.
When we are ready will do a Initial Public Offer for the shares of the company and list in popular stock exchanges in the world. Once due diligence is done and we are ready for listing on stock exchanges we will issue real stock of Pocket Miner Corp Inc., to all PMCORP token holders on a 1:1 basis.
Since SWAT investors are the original, first investors in the project I decided to give these shares to all SWAT holders as a free bonus.
But to other investors we will issue PMCORP tokens for a price of 0.01 USD per PMCORP token. Not less than that.
Till the time we are on private placement mode we will remain a ERC20 token and we will sell at a fixed price of 0.01 USD per PMCORP token. As mentioned earlier the sale of PMCORP token will commence in due course of time. We will start with that once I have officially launched the Pocket Miners on Oct 15 2018. And after I have executed shipment of the first few Pocket Miners. Once we get positive feedback from the first users, that will be the best advertisement for Pocket Miners and PMCORP tokens and that will be the right time to start our PMCORP token sale!
This is the idea behind the launch and airdrop of PMCORP tokens. Holding this PMCORP token is like holding the share of a big profit making company for a long duration which will create wealth for everyone in the long term.