2016 was the year when we saw dozens of coins created with lots of promises and potential that hardly came true.
Only a handful of these coins were able to achieve even half of what they promised - a full year after its release.
WHY? Because of Bitcoin. The same coin that they're trying to match or beat would always end up beating them. Let's face it, Bitcoin is still the king of cryptocurrencies.
So instead of competing against it, why not coexist and supplement it. And for new coins, price stability is important or else it will create a domino effect and eventually lose their supporters.
For the past 2 years, there have been lots of "cloud mining", "crypto doublers" and many other investment programs that proved to only last for a short period of time (few weeks to few months)thus ending up scamming its users. Why? It's because the business model in itself is unsustainable and always relies on new users to come in. A low volume in new users or investments creates an imbalance in their "business" - making it unsustainable.
Two problems that have been lurking inside cryptocurrency world of today:
1) The aforementioned price volatility of the coin itself.
2) The unstable investment schemes being offered.
THE SOLUTION:
Introducing SharesHub.
It is a new cryptocurrency with an inflation or staking rate of 12% per year or 1% per month.
You might say please, not another new coin.
Well, this coin will have a buy back system making your invested money in buying this cryptocurrency, SAFE.
Lots of cryptocurrency ICOs end up losing most of their money because the price dipped way below their ICO price. With SharesHub, there will be a buy-back price program which will be increasing at 1% per month plus SharesHub is staking at 1% monthly providing you 2% returns per month on a cryptocurrency with all support programs like exchanges, block explorer, desktop and mobile wallet. And if you don't like the coin anymore then just sell it back to us, its that easy!
Why are the returns very low? The collected money in ICO will be invested in stable business programs that are also providing a low interest but stable and long term. In real-world businesses, a stable 2-3% monthly return is what you would want for. The higher the returns, the higher the risk and the shorter the period that the investment program will last.
SharesHub will still be added in exchanges so the price will still vary outside but the floor price or the guaranteed price will always be increasing at 1% per month.
Example: On August 1, the buy-back price will be at 10,000 satoshis (ICO level) but on September 1, it will be 10,100 satoshis each -- including the staked coins.
This floor price will somewhat create some price stability to the coin and the guaranteed price can make the coin suitable for general usage.
The price will be in Bitcoin terms for global adoption.
This guaranteed floor price makes SharesHub suitable for programs and systems that require global payout.
Coin Specifications:
3.5 million premined coins
ICO price is at 0.0001 BTC or 10,000 satoshis
12% per annum staking rate
POW/POS scrypt
ICO Date - May 17 - June 16
Bounties:
8,000 coins for translators, bloggers, signature and twitter campaign participants
Referrals and bonuses:
For every referrals, you will receive a 2% bonus based on your referred users number of coins.
ICO investors who invested during the 1st week (May 17th – 23rd) will receive an additional 1.5%.
ICO investors who invested during the 2nd week (May 24th – 30th) will receive an additional 1%.
ICO investors who invested during the 3rd week (May 31st – June 6th) will receive an additional 0.5%.
Wallet Download link:
https://github.com/shareshub/sourceFAQs
1. Why do I need SharesHub? If it will follow Bitcoin price anyway, I'll just go with Bitcoins.
Yes you can payout in Bitcoin since SharesHub will be in Bitcoin terms. But SharesHub has an increasing floor price every month – and this means with SharesHub, you get the same price stability of Bitcoin, plus 2% increase per month (10,000 sats become 10,200 next month and so on). SharesHub is a staking coin thus there is no need for expensive devices to mine it. You get the pricing of Bitcoin, plus extra 2% and have it in Staking mode.
2. Why are the bonuses low compared to other ICOs?
The nature of having buy-back program simply means we can't give out too much free coins because we have to match the number of SharesHub in the public with our assets. This matching will enable you to liquidate your SharesHub when you want to.
Giving out too much free coins will bring us to a deficit collected BTC is lesser than the value of the total number of SharesHub being distributed. Other ICO's simply keep the ICO funds for themselves while here at SharesHub, we hardly keep the money for ourselves because we have to invest them in a variety of ways.
3. What will happen to excess coins that will not be sold during the ICO?
Unlike other ICOs, extra coins tend to flood the market which eventually bring the price down. Here at SharesHub, since we're implementing a floor price where the organization buys back the coins at a determined price, you are worry-free that the price will go down below the ICO price. The ICO results will be known to the public including how many coins were sold. All the excess coins will be placed into 1 address and tagged or posted so everyone who looks into the block explorers would know which is it and can monitor that wallet.
4. Why not just burn it?
We will only be holding the excess coins for future use if the need arises like a certain company would like to partner with us and use Shareshub as their mode of currency while maintaining the same programs like the buy-back feature, an expansion of programs where we might need to run some kind of short crowdsale, and others
5. Will we control the trading price in exchanges?
No. It's up to you to trade it at whatever price you want so the price can be higher than our floor price. That is why we call it as floor price because it acts as a safety net that you will surely be able to sell your SharesHub back to us.
6. How to profit?
a) Join the ICO, Collect your SharesHub, Stake (or mine) it then sell your staked coins back to us. This way there's no need for you to worry about going to exchanges, we buy them directly using the determined price in the website. Keep your main coins - then only sell us the staking rewards for steady profit.
b) Join the ICO, Collect your SharesHub, Stake (or mine) then come July when the price in our website becomes higher than the ICO price --- sell all your coins back to us.
7. Since there's a guaranteed price, what will be the advantage for ICO participants?
The buy-back program will start on August 1 at ICO price then will increase 1% to be posted every 1st week of the month. But that is the Buy-back, who knows what will be the selling price by then. Also, ICO participants will receive their coins a day or 2 after buying their SharesHub coins. This makes it very advantageous because it would allow you to invest it early and start staking your SharesHub. This will make you end up with more coins by the month of August when the Buy-Back program gets activated. And of course there are early bird bonuses as well.
Getting the coins early and not at the end of the ICO – enabling you to invest and stake right away really sets SHARESHUB apart from other cryptocurrencies.
8. Who are the Team members?
We understand that you want to know the people behind SharesHub, who conceptualize it, who's running the promotions etc but we decided that such is not needed based on what happened on dozens of ICO that came before us where they post their names, linked in and social media accounts but doesn't seem to help in making things better for the participants. So instead, we decided to hire an escrow.
9. Who will be the escrow?
At first we decided not to get one because the coin can already be sent to you as soon as your SharesHub reflected to your account. But then, trust is important so we hired one. Escrow will be Pesobit cryptocurrency as they have an escrow program for crowdsourced systems.
10. Why should we trust you?
You've trusted ICOs before despite not having a solid platform other than just selling the coins back to the exchanges afterwards which is not healthy for one coin's economy. You need to give people the reason to buy and hold the coin for long term use and one that is sustainable. You joined ICOs despite not having a concrete plan, failure in such coins only gave you the option to sell them to exchanges. Here at SharesHub, you do have TWO ways of selling them for profit, 1 is on the exchange and the other is on the actual site itself. Previous ICOs only have half of what SharesHub is offering. And I'll be investing/partnering with other coins as well with your voting to clearly shows that this project is for the long haul. And your funds are initially kept in the Escrow's addresses.
11. Why stick with an old coin and that the ones with smart assets or unique features in the blockchain?
The simpler, the better. The system is offering a buy-back feature, so it will look like a centralized system. With old coin format, 3rd party systems can easily support and adopt SharesHub lessening the "centralized" feel.
Please visit
https://shareshub.biz for more info, registration will be activated on May 17, 2017 6 AM GMT.
Future projects:
SharesHub is about Profit Sharing and providing the basic tools of a cryptocurrency such as wallets and exchanges. But it doesn't mean it will stop there, the price stability can bring SharesHub to more usage especially in the commercial world but we'll focus more on the profit sharing side to make sure that every SharesHub user will earn steadily.
The profit may be slow but it is sure and steady. Regular ICOs only have Exchanges for you to be able to sell your coins which is the norm in the cryptocurrency industry, we're just giving you an extra option and an assurance.
With SharesHub, you still get the transparency of actual cryptocurrency - Exchanges, 3rd party block explorer and wallets. SURE PROFIT is what sets us apart from other coins.
SharesHub, where long term passive income through blockchain technology is made possible.
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