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Official Blog Post: https://steemit.com/thirsty/@thirsty/announcement-thirsty-entertainment-crowd-sale-march-1st-march-31st

Why Thirsty Entertainment?

User-generated content has created a multi-billion-dollar industry for social media companies. However, the value generated by this content is disproportionately returned to creators.

Creators are not guaranteed monetary returns, despite the user retention and ad revenue they create for each platform and its shareholders. For this reason, Thirsty Entertainment is creating digital distribution solutions for all types of content creators.

Creating innovative digital distribution platforms and techniques, Thirsty Entertainment is setting a new technological standard for old distribution industries by incorporating financial technologies such as cryptocurrencies. While also utilizing database technologies, Thirsty Entertainment provides a class of client-business trust not traditionally found in business.

Legally registered and operated, Thirsty Entertainment revolutionizes the way that businesses are operated on the internet.

THIRSTY - User Issued Asset

Thirsty Entertainment has chosen to issue shares using the Bitshares network. This allows those with executive permission in the the company to control and delegate stakes to investors in a private and secure way.

Bitshares network

The bitshares 2.0 blockchain uses delegated proof-of-stake methods to sign data into their database. Using this method, they have created an easy way for companies to create, issue, and sell company assets. This allows us to easily & securely share ownership of our company with potential investors.

Limited Supply

The ability to create and issue assets at our own discretion allows us to limit the supply of shares being bought & sold. This removes the drawback of over-inflation for company's with asset minting algorithms, and instead increases the demand for shares on our network, also allowing us to create share incentives for investors.

Stock splits

As demand for shares increases, it becomes essential to increase supply. To do so, stock splits will become an integral part of our share structure as an incentive for early investors. Doubling the amount of assets held by share holders gives share holders an opportunity to depart with the excess they receive, therefore increasing the amount of assets available on the market. Stock splits also increase the attraction to hold shares, knowing that if a price is x amount and the amount of assets the investor holds, doubles, the total estimated value of that portfolio also doubles.

Dividends

Dividends will be issued to those who hold shares in our company using the OpenLedger exchange on the Bitshares network. This is an incentive for investors to buy & hold our shares. Dividends will be issued annually and a decided percentage of net profit made during the previous financial is to be dispersed among THIRSTY holders.

Legally registered company

A part of our strategic direction is ensuring our business operations remain regulated by law. Part of running a successful company includes trust, and by remaining a legally compliant company we can be held accountable to share holders. Although the use of database technology provides a public ledger of our activity, we believe it's also essential to include old industry standards and set a standard of accountability for businesses operating on financial tech platforms.

Company delegates

"There is a drawback ... namely, a centralized issuance of new tokens. To some extent, this could be managed by a hierarchical multi-signature issuer account that prevents any single entity from issuing new coins but instead requires a consensus among an arbitrary set of people to agree on any changes to the coin"

Permissions of control over asset issuance & creation is to be delegated to our senior executives, namely our CEO, Thomas Kohi, and our co-founder and managing partner, Troy Shrimp. Without the permission of all delegated seniors, assets cannot be issued and their permissions cannot be changed. Using this multi-signature method on the Bitshares network, we create more strict asset issuance that requires directorial consensus.

Stakeholder Voting

Once all THIRSTY Digital Assets have been issued to investors, investors will have the ability from their thirsty.online accounts, to vote on directorial proposals.
Each proposal is given one weeks time for voters to have their say, after which point a majority of cast votes decide the outcome of that proposal at the end of the week.

Market Liquidity

To ensure liquidity on our October 1st issuance, Thirsty Entertainment will be funding THIRSTY with $10,000 AUD.

Share Structure

The share structure we have chosen follows a more traditional method used by most start ups. A majority of our initial shares are distributed between our founders & seed investors for the contributions they make to the development of the business. The rest of our shares are to be distributed to those who contribute to our crowd sale. Below is an overview of the percentages issued before & after the crowd sale before being available on the market.

Initial Shares Issued

100,000 THIRSTY Issued Assets have been created on the Bitshares network:

30% employees (30,000)
30% founder (30,000)
25% co-founder (25,000)
15% seed investors (15,000)

Employee Share Incentive

2000 THIRSTY Issued Assets are to be split among employees each week, excluding the founder and co-founder. This share incentive is set to expire following THIRSTY Crowd Sale (March 31st), at which point all staff will be paid a regular wage.

Crowd Sale Issuance

An additional 25% (25,000) THIRSTY Issued Assets are to be created and issued to investors at the end of our crowd sale (March 31st). The amount issued to each investor is decided upon the percentage of capital they contribute during the sale (% of 25,000,000 THIRSTY = % of total capital contribution).

Stock Splits

There are to be three stock splits before THIRSTY issued assets are released to the public. Each split is to occur every two months starting one month after the initial crowd sale issuance.

April 30th: 125,000x 2 = 250,000
July 30th: 250,000 x 2 = 500,000
September 30th: 500,000 x 2 = 1,000,000

Initial Public Offering

All 1,000,000 assets created in the coming months are scheduled to become available to trade on the OpenLedger exchange come October 2017. Our main asset pair will be THIRSTY/BTC.

The initial share price will be determined by the post-money valuation: (Capital raised + net worth) ÷ 1,000,000 = Initial Share Price.

Future Asset Issuance

Future asset issuance, such as stock splits and buy backs, is to be decided by the board of directors to be appointed by the majority shareholders.

Capital Allocation

The funding raised during this crowd sale is to be delegated toward our company sectors. Each sector has been delegated a percentage appropriate to its immediate priority*.

Streams Application

30% of our capital is to be dedicated to our music streaming platform, built on the Steem blockchain, as this is our most innovative project in 2017. The development of this platform is crucial to the growth of our business as it provides a distribution network for our music label and others, and also opens up potential revenue streams for our business. The Streams application targets a wide demographic which will help us to adopt a large market audience quickly.

Thirsty Records

25% of our capital is to be dedicated to our music label, the world’s first global music label distributed on blockchain networks. Thirsty Records harnesses the untapped cryptocurrency market to distribute musicians, whilst generating revenue through the production services delivered. Thirsty Records will be based in each of our global headquarters, the first of which is based in Brisbane, Australia. Each studio will contain state-of-the-art production equipment and software in order to provide content creators with the most professional quality media.

Research & Development

15% of our capital is to be dedicated to research & development of new technologies. With the launch of our first streaming service, our next goal is to create multiple networking platforms for different types of media distribution, such as video, text, and games. Our research & development team will be responsible for growth into other market sectors.

Labour

12% of our capital is to be dedicated to our staffing and wages. Until our revenue streams are producing sustainable income, we will be paying our staff wages with 12% of the capital raised during our crowd sale. This also includes the salary of employees yet to join our team, and any excess funds not spent go back into our capital fund to be spread across our other sectors. Our staff are very important to our company’s success.

Legal & Licensing

5% of our capital is to be dedicated to the ongoing upkeep of our legal responsibilities as a registered company. This allows us to pay for legal consultancy and for us to pay for licenses.

Real Estate

5% of our capital raised will be dedicated to global expansion. The funds allocated to real estate allows us to base ourselves in different cities.

Marketing

5% of our capital is to be allocated to marketing. Marketing is a very important part of business, and as such, a marketing team will continue to advertise us through different outlets. Funds will be used to further market the Thirsty brand.

Merchandising

2% of our capital is to be allocated to merchandising. Merchandising is a small part of our business model and is only there to help market our brand. As such, a small amount of capital will be dedicated to merchandising.

*Capital contributions are subject to change as our projects develop

Crowd Sale

Time frame

Our crowd sale starts on March 1st and will continue until March 31st. This gives investors one month to get involved. After our crowd sale, all those who contributed capital will be able to see their asset amounts on our web page. The assets you've accumulate during & after the crowd sale will be issued to investors on the day before assets become available on public exchanges.

Investor registration

Investors will be able to register on our website - https://thirsty.online - and access their account. At the end of the crowd sale, their account dashboard will display the total amount of THIRSTY assets to be issued to them at a later date. At the time of each stock split, registered investors will receive double the amount they hold in their account.

Upon registration, investors will be required to enter their OpenLedger account details to receive their share. If you are interested in investing and do not have an OpenLedger account, you can register here: https://bitshares.openledger.info/

All assets issued will be frozen and non-transferable until the date we release our assets to the public for trading.

Purchases

To contribute to the crowd sale, you will be able to do so from your account on our website. As stated above, your account will need to be linked to your OpenLedger account. Contribution options will be available in different currencies, primarily with Bitcoin and Paypal. As discussed, the amount you receive at the end of the crowd sale will be determined by the percentage you contributed during the crowd sale.

Summary

The reason for our crowd sale is to give investors the opportunity to involve themselves in an innovative business concept that covers all aspects of media distribution. Our philosophy is to provide fair & rewarding opportunities for users and investors on our platforms. Our team is 100% committed to seeing the Thirsty Entertainment company succeed, both for ourselves and for those who use our services.

Sign up on to our mailing list on https://thirsty.online to receive direct updates on access to our crowd sale.

For other inquiries, email us at contact@thirsty.online


Interested in joining the team?

We are currently looking for front & back end developers to join our team.

For more information, forward your expression of interest to: contact@thirsty.online


Follow our Social Media feeds for future updates
Website: https://thirsty.online
Steemit: www.steemit.com/@thirsty
Facebook: https://www.facebook.com/thirstyofficial
Twitter: https://twitter.com/ThirstyOfficial
Medium: https://medium.com/@contact_35388
Reddit: https://www.reddit.com/user/thirstyentertainment/
Instagram: @thirstyentertainment or https://www.instagram.com/thirstyentertainment
Linked In: https://www.linkedin.com/in/thirsty-entertainment-69ab1b137/
Google +: https://plus.google.com/u/0/110699929321675267115
Youtube: https://www.youtube.com/channel/UCbx3Spjr8TemnVab0Qpdo7g
Pinterest: https://au.pinterest.com/thirstyentertai/

Streams - A Music Streaming Service for the Steem Blockchain: https://streams.global

Whitepaper: https://drive.google.com/file/d/0BySLqWQtxnkGdjJ2VWlDdnZveXM/view

Thirsty Entertainment is a registered and trademarked Australian Business. The content and images shared herein are copyright 2017 Thirsty®. All rights reserved. ABN: 37440459113

Great business plan!  Can't wait to see what is revealed in the future.

Any translation bounty?

Please tell me the ticker

A ticker will be available for registered users come March 1st.

Check out our pitch deck: https://steemit.com/thirsty/@thirsty/thirsty-entertainment-pitch-deck-for-investors

We have just released our full website for all those who're interested. You can view more details of our crowd sale and asset structure there. Thanks

https://www.thirsty.online

Help us spread the word by joining our thunderclap campaign!

https://www.thunderclap.it/projects/53155-thirsty-crowd-sale?locale=en

i would reserve indonesian translation dev
thanks

Related  the team, there is no  more information?
I do not see any explanation about your team, even they do not have social media facebook twitter or linkedin

https://i.imgur.com/uel2rFz.jpg

development team is not clear :o :o,no Escrow=SCAM
you are just dreaming, wake up Dev  :D

https://www.linkedin.com/in/thomas-kohi-606730134  ??? ???

Check this out -
https://thirsty.online/about/

They gave brief background for each team member as well as their headquarter add & other details.
So let's give them the benefit of the doubt.
Will wait how far this one will advance.

Thanks Timeteller for linking our about section.

You can view all the information relating to our business by following the links on our website.

Our Asset is not a scam and unlike many others is bound by law. You can view our Terms of Use in our Legal and Privacy section for more details on how we're held accountable for Assets and other services provided by us.

You're welcome.
It's good to know that you have already that legal binding agreement.
A lot of the projects here just turned to a scam after the individual/s behind those projects got their fast cash, so that's the reason behind why people here are skeptical especially for newbie accounts.
For me, I will give them the chance to air their side while checking of course the authenticity of the proj.
The team needs to prove that you are worth investing, else, you will be smashed right in your face that yours is one of those crappy ones.

Initial Shares Issued not have a part for bounty,
but 30% employees its good one :)

reserve

Many altcoin ICO release on March, i think not maximal for investations
Goodluck dev

I reserve Vietnamese translation bounty, reply if you accept.

We must to be really careful in investing some money, as we seen from the beginning of this year there have been a lot of projects that scam. We must look for more detailed information.

You can view more details about our Asset and Crowd Sale here: https://thirsty.online/product/crowd-funding-campaign-for-thirsty-entertainment/

Our Asset has already been created and is available on the Bitshares network. You must have an OpenLedger account and register it with us in order to participate in our crowd sale. You will not be able to register without an OpenLedger account. If you contribute during our crowd sale, all Assets to be issued t you on October 1st will be available for viewing from your account on our website. We are are held responsible by law for any and all Asset issuance.

it is not important where from you coming but it is important where you are going now...

We will be releasing an alpha version of our music streaming platform during our crowd sale. You can register today for an exclusive invitation (invitations are limited and we already have over 40 subscribers) - https://streams.global

In preparation we would like to ask that you help us by joining our thunderclap campaign - https://www.thunderclap.it/projects/53155-thirsty-crowd-sale?locale=en


Remember to check out our white paper to know more about our company and its' framework

https://www.thirsty.online (https://www.thirsty.online)

Our Asset details have been updated to include Market Liquidity & Stakeholder Voting.



We have also updated our Terms of Use to include these two features.

Any bounty campaign like social network camp, signcamp etc?

This may very well look good if you leave a few teams linkedin their profile :) at least it was really a big project with a real team

There is no bounty campaign for our THIRSTY token because our token is registered as our company's shares. Investors will be given annual dividends as a reward for holding our tokens.

Thank you @googlebtc, we will be sure to add our linkedin profiles to the about section of our website before our Crowd Sale begins.

We have created a Steem bounty for those joining our Thunderclap campaign between now and March 1st 12:00 UTC

https://steemit.com/steemit/@thirsty/steem-thunderclap-bounty-earn-5-steem-today

Tomorrow marks the start of our crowd sale campaign (March 1st 12pm UTC)

Here's an interview with our founder & CEO to help you understand just who we are and what we do:

https://youtu.be/fYyukmvyudI (https://youtu.be/fYyukmvyudI)

You can register for our crowd sale here:

https://thirsty.online/product/crowd-funding-campaign-for-thirsty-entertainment/ (https://thirsty.online/product/crowd-funding-campaign-for-thirsty-entertainment/)

https://thirsty.online/about/ - we have added our LinkedIn profiles in our about section.

Nice to know 'bout that update. But the content of each profile is not strong enough to back up their claims.

For instance - "Troy is a leading security and business administration expert"
But if you check his profile, apparently a newly created account (maybe I'm wrong). If you consider yourself an expert, your profile should not be like that. And at least few endorsements of your skills from your colleagues and others.

A few of our staff members previously weren't on LinkedIn and have made accounts at the behest of the public. We hope you can understand why they may not have as many endorsements as that of long standing accounts.

And, our crowd sale has begun for those who are interested in investing in our platform.

We will be releasing the alpha version of our flagship music application in coming weeks for those who have already registered.

You can watch a short video from our founder & CEO here: https://youtu.be/fYyukmvyudI (https://youtu.be/fYyukmvyudI)

Register for our crowd sale today: https://thirsty.online (https://thirsty.online)

Our latest post today explaining our services and how they work: https://steemit.com/thirsty/@thirsty/our-services-streams-and-thirsty-records (https://steemit.com/thirsty/@thirsty/our-services-streams-and-thirsty-records)

good plan dev
this thread not explain detail coin, total suply coin, ticker, thirsty price in ico selling
and then ico selling without escrow, without bonus if buy early launch ico selling
and whitout bounty to promotion youre ico selling, signature campaign or social media campaign

We do not use an escrow service because your contributions are accepted once payment is approved. A ticker is available on your account on March 31st when our 25,000 shares are dispersed to investors.

Our crowd sale is essentially structured the same as a capital raise. All of the details on supply, issuance, and bonuses are hightlighted in this threads initial post.

We did have a bounty program for our Thunderclap campaign which has now ended.

You can find us on multiple social media sites and on our official website: https://thirsty.online

I think with bounty campaign like signcamp and social network camp work for crowedsale dev

The crowd sale is postponed.
I hope the team will still pursue this project as it seems legit.

why not it will be granted but first clear in which language you want.