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Title: Can company sell its profits in ICO compain? Post by: kot-begemot on July 13, 2017, 07:57:03 AM I want to know the drawbacks of profit selling scenario. Need an advise of the community.
Here is the scenario: - Suppose, Alice issuing X amount of tokens using ERC20 compatible contract. - All the tokens that Alice will issue will be worth Y% of company B profits. - Every quarter Alice is calculating the profits, takes Y% of the company profit and distribute that among token holders. How would that work from legal side and with taxes. Is it possible? I heard of the case of Polybius bank, but as far as i got it, they operate only with cryptocurrencies, and have not much to do with traditional world. I would appreciate any kind of help or insight on that. Title: Re: Can company sell its profits in ICO compain? Post by: avatar_kiyoshi on July 13, 2017, 09:38:55 PM ICO is almost same as IPO (Initial Public Offering)/crowd funding, but AFAIK ICO is just using cryptocurrency/token/something like that.
ICO is actually for a companies who want to raise funds outside from traditional. AFAIK there's no a law about it, so it's vulnerable to be scam, so you should research more before investing. |