Bitcoin Forum

So here is the idea
We are a media company with offices located in both Mainland China and Hong Kong.
We are planning to create a new digital currency (COINS)for example 100 Millions units but selling only 10 millions to public with the company holding the remaining units.
Each unit of the coin issued by the company has the right to receive 100 millionth of future dividend.
They can also be traded in exchanges.
The coins are totally different from stock, but owners of the coins can receive report of company's daily management business and decision making through different channels.
We are planning to sell it at the end of june.
Any opinions are greatly appreciated. ???

what are the legal implications? How can people be sure you wont just run with their money? Tell us more about business

That sound good, but... Is the same that company shares. The owners of the share get money from the incomes of companys, but having tokens, how do you get money?. You have to explain better the bussiness model.

The coins only grant them the rights to receive future dividend. Coin owners do not own the company at all but they can participate in daily management business in order to increase the value of the coins so they can sell it in the exchange market. We are planning to sell our coins for BTC.

You might just want to consider using a token/asset coin that's already out there to do this for you, like counterparty. https://counterparty.io/docs/assets/#assets
If you start your own coin, you need to consider all the mechanics behind it and have the capability to maintain and run it properly. There's also the element of trust on the dividends you're going to pay out respective of the sale of your coins for bitcoin. ICO's are very popular, but most are for systems that involve the coins themselves as a development platform.  If your coin is tied to the way in which your sell your product, that might be more interesting, as an example, if you like gettyimages and sold media for the coins themselves.

If you have let say 800 BTC for investing in advertising, plus let say another 800 BTC for investing in exchanges, you can start, why not.  ;D

i like your idea a lot. i hope you manage to make it true

So this is similar to The Dao?

So, you failed to qualify to launch a regular IPO?
As the company manager, I like the idea of selling only 10% of capital, but as an investor, I fear it.
Sorry, but the world already has way too many altcoins, and it would be stupid in a new one which would be retricted to a single project.

Our company is called iSunMedia

Since 2000, we have been operating Sun TV, a mandarin satellite TV channel based in Hong Kong with a broadcast coverage of global Chinese.

Built upon the brand image and credibility of Sun TV as well as its over 30 million loyal audience who are mostly Chinese elites, we develop a New Media with both historical programs and reports focusing in future technologies and social developments, with features in Live/On-demand broadcast, TV-to-Online e-commerce, Big Data Application and Social Media Network.

Besides the Satellite and Online TV Channels, we operate a number of online and mobile platforms, including crowdfunding platform, crowdfunding information portal and e-commerce platform.
We provide our audience, consumers, the crowd-investors and merchants with information services, so that they can conduct commerce and crowdfunding activities in our “SUN” ecosystem.

We have a list of names and information of our founders and management team members.
We are a legit media company. Here is our company website: http://www.isunmedia.com/en/

We can't and won't just run away with investor's money since it harms our reputation.

The reason we are doing this is because we want to be the first media company to take advantage of the advanced technology nowadays. We seek to move away from the traditional ways of crowdfunding. Selling stocks cost too many extra fees. We want to create a new way for people to invest in our company.

Not exactly.
Dao is pretty much taking your money to invest in different projects. In our case, you are investing in our company, iSunMedia.
Owners with significant amount of our coins will receive annual report of the company. We are seeking investors with similar value and together make the company grow better which increases the value of the new digital currency we are creating.

No, we didn't fail to launch a regular IPO.
The reason we are doing this is because we want to take advantage of the advanced technology nowadays. We seek to move away from the traditional ways of crowdfunding. Selling stocks cost too many extra fees. We want to create a new way for people to invest in our company.
We are seeking investors who believe in the internet/media industry. Significant investors receive annual report of the company and get a understanding of the company's current and future plans. You are pretty investing in our company. The coins grant you the rights to receive dividend but not voting rights.

what did you want the opinions on? the company itself?  if so, that has nothing directly to do with bitcoin right?  not saying that is bad, just looking for the connections other than bitcoin is funding it

We are exactly looking for ideas about how can we connect bitcoin with our company other than merely through fundings. We as a company really want to take advantage and step into the advanced technology world.

Why dont you keep a seminar or live conference and connect with people interested online by joining it via google hangout etc and you explain you future plans, business proposals etc about it.

because no one ever comes to this thread, it has been more than three months since it has had a visit or reply.  you cannot expect people to devote time and energy to something that no one cares about

So it could like the shares of a start-up, except that they won't publicly traded, nor available on a stock exchange, which would make them difficult to sell if an early investor changes his mind.

We wanna first get people noticed about us first, then we will definitely have a conference before we start selling it.

would love to take part already. dividends means the token holder gets to receive earnings monthly!
i wonder how much is each token.  is this going to be a mining company?

Thank you so much for your interest!
Please take your time and visit our website to understand more about this crowd sale.
Here is the website: http://crowdsale.chinasuntv.com/index.php?l=en_US

Interesting idea and a use of a cryptocurrecy that I have not seen before.
I really hope this approach works out for you!

A couple of thoughts:

The price of a coin/shares is based on the sales on a public market.  If this will not be on a market, who sets the price?  How do investors trust the valuation?

Coin investors, and investors in general, need some type of return. Your plan must ensure people get paid.

Stock/shares/coin in the company implies ownership which means income and a vote.
These 2 quotes seem to be at odds, better get it straight.

This is a great statement, don't recreate the wheel, it is not your core business and other people probably do this better than you already.

Thank you so much for your constructive comments.

The price of the coins are based on out experts' estimation of our company's value. They include all the copyright value, 15 years of operating experience and assets.

The coins grants dividend rights which ensure investors getting paid monthly or annually. Moreover, as the company performs better in the future, the future of the coins might increase as well. Investors can now sell and exchange the coins they own.

We surely understand that creating a new currency might be a challenge since we previously have very little experience in such area. This is the reason why we are looking for opinions here to supplement this initial idea.

To create awareness you need to have promotional activities. The longer you do more will know and start understanding and taking interest in the plans.

Start with couple of things like - Signature & Aavtar campaign for some time. This will boost the image and create awareness. And after some time keep the conference as well for more detail in depth.

you should actually post this Crowdfunding sale on https://bitcointalk.org/index.php?board=159.0
i think you could get a lot of attention there. how long is this company in the business?

great name and domain too.

Thank you for your suggestion!
iSunMedia has been operating Sun TV, a mandarin satellite TV channel based in Hong Kong with a broadcast coverage of global Chinese since 2000.

Thank you so much for your valuable suggestions.
I will definitely start modifying my profile ASAP.

What are you doing to get it noticed. Why dont you introduce signature campaign for the thread and gets started noticed within minutes?

Yes. As I mentioned, we are a media company with our own TV channel with global coverage. We've already inserted ads in our channels.
We are trying to take advantage with this forum but we are facing difficulties. We are not able to insert images in our profile or even in the post.

You need to get to a higher rank in order to add more fun stuff to your postings.
The only way to do that is to post and let time pass, it may be a good way to become more familiar with Crypto Currency in general.
I think you need to get somewhere around "Member" to "Sr. Member" to do what you want.

FYI, the timing if when your posts become activity can be a little confusing, pay close attention.

Check out this discussion: https://bitcointalk.org/index.php?topic=178608.0 (https://bitcointalk.org/index.php?topic=178608.0)

i am going to test something with this reply


https://pixabay.com/static/uploads/photo/2014/06/03/19/38/road-sign-361514_960_720.png

As you can see, it can be done.

Newbies cannot post pictures, must be Jr. Member

You want to pre-mine 90% of the coins?

You'll still need to have residual mining occur to cover the transaction fees etc.

then why are they complaining about it?  no one is going to listen to newb accounts anyway

LOL, That is a very good point, thanks I needed that.
Maybe it will give them incentive to become an active and productive member of the community.

they did not come here to help and be active, just to promote what they want and what they need to make money off the other users.

http://www.superschmuck.com/images/schmuck.jpg

Nothing much but one of the best project can be hiring the newbie for signature and others too. This not only helps newbie but also helps you to get popularity among newbie and other members.