Topic: Token Offer for depositoffer.com (determine the deposit rates for crypto) (Read 274 times)
May 06, 2018, 10:50:55 PM
HI, what is this ? What is this doing here. This is not depositoffer ? Depositoffer is patented in US and is for determining INTEREST RATE for cryptocurrencies, is not an exchange but an auction system.
November 19, 2017, 05:47:30 PM
Hi, I am not good in marketing perhaps the only way to distinguish this with rest of the pack is that with depositoffer, for the first time users will be able to have a say in monetary policy by not competing on rates but on directions. The Feds only have one weapon and that is to print money and buy assets to boost market to make everyone happy except those who needed a job. But those who have deposits can do two things, withdraw and use this for something else or deposit-syndicate with others to condition those rates to do something. For example to deposit at 2% with the funds going to XYZ State to do XYZ something. Deposit-syndicate can focus on the things to do as opposed to just manipulating the rates. And one better is to include a profit component, say 2% plus 0.1% of profit after tax. I gave you an example but I am sure there will be plenty of people out there with better ideas as to how they can challenge the status quo and make a difference.
Until now, depositors either take what the bank gives as deposit rates (or CD in the US) or use their funds by lending to rich corporations who failed to pay their taxes to buy their own stocks back (pumping the stock market). Don't be fool, this market is only going up because of the cheap funds, there is nothing supporting it, no workers no jobs no future.
The rates will probably be raised the next round early next year but it will be a small rise (a gesture). So what can ordinary folks do other than to watch their returns on deposits getting less and less, may even go negative like Japan. They can disrupt the FEDs monopoly in deciding interest rates by setting their conditional rates for the banks who are still intermediaries. OR they can take their deposits out and spend it all in the real economy.
Until now, depositors either take what the bank gives as deposit rates (or CD in the US) or use their funds by lending to rich corporations who failed to pay their taxes to buy their own stocks back (pumping the stock market). Don't be fool, this market is only going up because of the cheap funds, there is nothing supporting it, no workers no jobs no future.
The rates will probably be raised the next round early next year but it will be a small rise (a gesture). So what can ordinary folks do other than to watch their returns on deposits getting less and less, may even go negative like Japan. They can disrupt the FEDs monopoly in deciding interest rates by setting their conditional rates for the banks who are still intermediaries. OR they can take their deposits out and spend it all in the real economy.
October 21, 2017, 08:47:38 AM
Token Offer at https://token.depositoffer.com
(Start 30 Oct to 10 Dec 2017)
Click here to youtube - our introduction at Sydney Ethereum Meetup 26OCT2017 - 1 min
The problem.
1. Users have crypto-currencies in their wallets but not earning any interest on it. Users who want to borrow crypto-currencies can’t do so readily save using an exchange which is risky as we all know how lax security can be.
2. There is no central bank to determine the interest rate in any event. The entire crypto-economy is driven by capital gain/loss is not sustainable, and to avoid deflation, crypto-currencies have to be transacted to hold value as a currency as opposed as an asset.
3. Fiat currencies’ deposit rates are dictated by big banks as a markup directed by their respective Central Banks, which may not be competitive and subject to manipulation such as seen in LIBOR fiasco. Despite the big fines, these banks are still using non-transacted data for reporting except for Barclay.
Solution
1. An auction system where deposits can be offered to financial institutions at the best rate and transparently. This is even necessary as there is no central bank for crypto-currencies
2. Method patented in US Patent 7376612.
3. Tokens will also be used for voting a TEAM to execute the following features.
a) Wagering to predict the future interest rate of fiat and crypto-currencies
b) DataFeed from the auction activities
c) Membership for offering deposits.
(Each one of the above will necessarily consume said Tokens)
Whitepaper
https://token.depositoffer.com/depositofferWPF.pdf
Summary of Token Sale (subject to chances)
Start: 30 Oct 2017 at 10:00 AM GMT
Ending: 10 Dec 2017 or when the Maximum cap is reached
BTC/ETH accepted
Minimum cap: No
Maximum cap: To be determined (equivalent to USD 2.0 million)
Token name: DOT
A. The price for DOT token will be 400 per 1 ETH. Say ETH is worth USD 300 to reach USD 2.0 million, we would need averaging 6,700 ETH which means total DOT will be around 2.68 million. In this case, we would be providing 4.0 million DOT, with the balance allocated as below.
B. Contribution will be capped at $ USD 2,000,000 equivalent in Ether. Due to recent Ether's volatility, cap calculated in Ether will be announced on the day of token launch.
C. There is PRE-SALE PRIVATE OFFERING (Please contact us)
D. DepositOffer’ token (DOT) distribution/allocation
65/20/5/10 distribution: 65% will go to the Purchasers, 20% to the legal entity working capital/hiring/bonus from time to time when a market is established, 5% rewards/bounties (for content and looking forward price/initial Project Tasks), and 10% to the founders and early contributors who HAD OR HAVE worked on DepositOffer. Founders and early contributors will all have vesting.
E. Founder vesting
Vesting is necessary, with no exceptions. Our main goal is to add said Project Tasks. That's why vesting is our way to show responsibility to all of our contributors. Founders and early contributors will have 4 years vesting with 12 months cliff.
F. Funds management
The funds (65% paid in by Purchasers) after converted will be held in a Trust Account (with a legal firm to be decided) used for the following :
50% - Project Tasks released in accordance to Miles-Stones
30% - Operation (including payments to co-founders & early contributors)
15% - Marketing
5% - Legal
Bounty
We will also be offering Bounty for designing/coding a Dapp that will take our DOT Token for selecting/voting participants for the dream TEAM. Originally, my idea is a simple voting mechanism (ie to vote Tom, send Token to Address A, to vote Dick send Token to Address B kind of platform) but I think this can be improved. We will also be offering Bounty for publicity about our Token Offer.
(Please contact admin at depositoffer dot com)
Milestones
30 Oct 2017 to 10 Dec 2017 - DOT Token Offer Period
15 Dec 2017 to 24 Dec 2017 - Selection/Voting of Participants for TEAM
1 March 2018 - Each Team finishes Project Task 1 to be completed
1 April 2018 - Each Team finishes Project Task 2 to be completed
1 JUNE 2018 - Select BEST TEAM and install them
https://token.depositoffer.com/ms.jpg
(Start 30 Oct to 10 Dec 2017)
Click here to youtube - our introduction at Sydney Ethereum Meetup 26OCT2017 - 1 min
The problem.
1. Users have crypto-currencies in their wallets but not earning any interest on it. Users who want to borrow crypto-currencies can’t do so readily save using an exchange which is risky as we all know how lax security can be.
2. There is no central bank to determine the interest rate in any event. The entire crypto-economy is driven by capital gain/loss is not sustainable, and to avoid deflation, crypto-currencies have to be transacted to hold value as a currency as opposed as an asset.
3. Fiat currencies’ deposit rates are dictated by big banks as a markup directed by their respective Central Banks, which may not be competitive and subject to manipulation such as seen in LIBOR fiasco. Despite the big fines, these banks are still using non-transacted data for reporting except for Barclay.
Solution
1. An auction system where deposits can be offered to financial institutions at the best rate and transparently. This is even necessary as there is no central bank for crypto-currencies
2. Method patented in US Patent 7376612.
3. Tokens will also be used for voting a TEAM to execute the following features.
a) Wagering to predict the future interest rate of fiat and crypto-currencies
b) DataFeed from the auction activities
c) Membership for offering deposits.
(Each one of the above will necessarily consume said Tokens)
Whitepaper
https://token.depositoffer.com/depositofferWPF.pdf
Summary of Token Sale (subject to chances)
Start: 30 Oct 2017 at 10:00 AM GMT
Ending: 10 Dec 2017 or when the Maximum cap is reached
BTC/ETH accepted
Minimum cap: No
Maximum cap: To be determined (equivalent to USD 2.0 million)
Token name: DOT
A. The price for DOT token will be 400 per 1 ETH. Say ETH is worth USD 300 to reach USD 2.0 million, we would need averaging 6,700 ETH which means total DOT will be around 2.68 million. In this case, we would be providing 4.0 million DOT, with the balance allocated as below.
B. Contribution will be capped at $ USD 2,000,000 equivalent in Ether. Due to recent Ether's volatility, cap calculated in Ether will be announced on the day of token launch.
C. There is PRE-SALE PRIVATE OFFERING (Please contact us)
D. DepositOffer’ token (DOT) distribution/allocation
65/20/5/10 distribution: 65% will go to the Purchasers, 20% to the legal entity working capital/hiring/bonus from time to time when a market is established, 5% rewards/bounties (for content and looking forward price/initial Project Tasks), and 10% to the founders and early contributors who HAD OR HAVE worked on DepositOffer. Founders and early contributors will all have vesting.
E. Founder vesting
Vesting is necessary, with no exceptions. Our main goal is to add said Project Tasks. That's why vesting is our way to show responsibility to all of our contributors. Founders and early contributors will have 4 years vesting with 12 months cliff.
F. Funds management
The funds (65% paid in by Purchasers) after converted will be held in a Trust Account (with a legal firm to be decided) used for the following :
50% - Project Tasks released in accordance to Miles-Stones
30% - Operation (including payments to co-founders & early contributors)
15% - Marketing
5% - Legal
Bounty
We will also be offering Bounty for designing/coding a Dapp that will take our DOT Token for selecting/voting participants for the dream TEAM. Originally, my idea is a simple voting mechanism (ie to vote Tom, send Token to Address A, to vote Dick send Token to Address B kind of platform) but I think this can be improved. We will also be offering Bounty for publicity about our Token Offer.
(Please contact admin at depositoffer dot com)
Milestones
30 Oct 2017 to 10 Dec 2017 - DOT Token Offer Period
15 Dec 2017 to 24 Dec 2017 - Selection/Voting of Participants for TEAM
1 March 2018 - Each Team finishes Project Task 1 to be completed
1 April 2018 - Each Team finishes Project Task 2 to be completed
1 JUNE 2018 - Select BEST TEAM and install them
https://token.depositoffer.com/ms.jpg
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