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Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?
Great question... and the answer is no The community makes that decision, via voting, discussion and then again by the 12 person team. We provide the tools and the back end running of the system, so the community can control as much of the process as possible. Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far And how will anyone speculate about how worthy a project is to be invested or not if you don't provide such perimeters? How would a "business project" lacking such essential info of their business health and still be appealing? I can't see how investors of the projects (those you said as people who are willing to give extra funds to the pool) would want to do that if they don't have any economic perimeter to calculate their future position. Do you honestly propose a project and state a "well, hopefully this handcraft business project can give us some profit, or at least return what you initially investing... but we are not sure how long it will be. Possibly ten years from now. Maybe twenty." And... I'm not really sure I got what you mean by zuckerberg, care to explain more? The worthiness of a project is based on the presenter, their stats, market history reports and so on If you have heard of Kickstarter, then thats is what NurveRhino is basing its functioning on. The differences are that a Token is exclusively used. The comunity vote on who can get funding as opposed to the Kickstarter method 12 community members are asked to oversee the business, again unlike Kickstarter I will tidy up the explanations and more informative, so more of your questions can be answered. |
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True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects. Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work? Thats correct If profits are low, their compensation is low If profits are high their compensation is higher There is first the general audience vetting, then the chairperson vetting and if the particular individual doesn't feel he/she will be adequately compensated, then they will more than likely reject the position The platform will replace a chairperson 2 times (at this stage) and after that, the business idea is simply rejected as a "vote of no confidence" Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi? Great question... and the answer is no The community makes that decision, via voting, discussion and then again by the 12 person team. We provide the tools and the back end running of the system, so the community can control as much of the process as possible. Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far |
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True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects. Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work? Thats correct If profits are low, their compensation is low If profits are high their compensation is higher There is first the general audience vetting, then the chairperson vetting and if the particular individual doesn't feel he/she will be adequately compensated, then they will more than likely reject the position The platform will replace a chairperson 2 times (at this stage) and after that, the business idea is simply rejected as a "vote of no confidence" |
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I've tried to learn about the concept of this project. But i've still got confused about the idea of this coins that will "invest in itself".
How is that things work?
By returning profits back from Business Projects back through exchanges and then back into the funding pool |
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True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects. |
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At any time, there are possibly 3 Business Projects running.
As you correctly assume, there is the very real possibility that a Business Project may fail
This is why the NurveRhino Platform does not choose which Business Projects to list, but will fund based on what the community chooses
* People can list a Business Idea
* Everyone gets to vote on the Business Idea, based on forum discussions with other members
* Each Business Idea when voted on as a Top 3 contender, then goes through a second stage, where the Platform generates 12 names from the member base, to act as Chairpersons and they further discuss the project
* If the final verdict from the 12 Chairpersons is to approve the project, then it is funded by the Platform and also opens up to the member base for additional funding.
* If the Business fails, it is recognized as doing so quickly and immediately terminated.
* NurveRhino suffers any loss from its funding and so do any members who also submitted additional funding.
The effect on Exchanges should be very minimal, if any, since nothing will be traded, except recouping any losses, which will of course be Exchanged at the optimal rate, albeit a smaller amount that would have been expected and incidentally may have a positive valuation on the Token
In short, the loss will be accounted to your own funding pool as well as another pool that's built from people who are willing to invest more on the said project? I'd like to know more about the mechanism of this project themselves. So, many people submit their ideas for projects, which will be voted by community best 3 ideas that has the best possibility, then your system will randomly generate 12 names that's earlier volunteering to help the projects to be the chairmen of this project.... And what factors would determine those chairmen are suitable for the project? They are chosen randomly, so there's a significant possibility that a medical student that's happen to have interest on your token (and thus, volunteering) and has never meet any woodsaw or sandpaper at all in his whole life is chosen to be a chairman of a woodcrafting project. Or, a qualified expert stockbroker who recently burn his house because he tried to microwave his leftover pizza, is chosen to be a chairman for healthy culinary project. I really like to hear his advises regarding foods. Essentially the Answer is Yes... 12 people in a court of law can decide a person fate with little knowledge of legal procedures I think the days of pidgeon holing are slowly evaporting and acquired knowledge is becoming more important. I am not a racing car driver, but I have been driving a car for many years. My wife is not a chef, buy she can cook better meals that whats served at high priced restaurants I find devs that are self taught, more able to solve problems than trained ones. Soccer players becoming chefs... and good ones at that  I think some techies ended up building cars and also launching Rockets into space... A lot of content is discussed in a forum prior to the 3 Business ideas being finalized... It doesnt take 11 people to know that 1 person might be out of their depth and there are contingencies for that, so that person can be replaced. And it just might be the woodworker who comes up with great ideas to an industry he/she knows little about and can be instrumental in making the business prosper  We decided on the Randomness of the Chairs, to avoid as much manipulation as possible. |
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For the case of profiting business, there will be some "dividend" to be distributed among token holders, but that'll happen to a project that suffers loss? Which expense will be used to cover this circumstance?
Token holders will primarily benefit at the exchanges. This benefit is due to the Platform performing exchanges as the projects return profits. The Platform will always look for the best Exchange rate and will be patient to wait for the best price Token Holders will benefit from the businesses created on the Platform, even though they do not directly participate if they do not want to However, the Platform will allow Token Holders to also FUND a project At this time dividends are distributed among those members who privately funded a project Again, at any time a Business Project makes profit, that FIAT currency is converted on exchange at the highest value, benefitting its Token Holders. I'm sorry, I don't think you get what I asked. However, your reply also spark another question that I think better asked once this issue cleared for the sake of clarity and focus. In simple words, can you please explain your procedure if the Project returned loss instead of profits? At any time, there are possibly 3 Business Projects running. As you correctly assume, there is the very real possibility that a Business Project may fail This is why the NurveRhino Platform does not choose which Business Projects to list, but will fund based on what the community chooses * People can list a Business Idea * Everyone gets to vote on the Business Idea, based on forum discussions with other members * Each Business Idea when voted on as a Top 3 contender, then goes through a second stage, where the Platform generates 12 names from the member base, to act as Chairpersons and they further discuss the project * If the final verdict from the 12 Chairpersons is to approve the project, then it is funded by the Platform and also opens up to the member base for additional funding. * If the Business fails, it is recognized as doing so quickly and immediately terminated. * NurveRhino suffers any loss from its funding and so do any members who also submitted additional funding. The effect on Exchanges should be very minimal, if any, since nothing will be traded, except recouping any losses, which will of course be Exchanged at the optimal rate, albeit a smaller amount that would have been expected and incidentally may have a positive valuation on the Token  |
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Distinction between RHINO and NurveRhino
RHINO - The Token
RHINO is the Token that is exclusively used with NurveRhino platform as a means of valuation storage, as per Bitcoin.
It can be used to apply for services on the NurveRhino Platform and also as a "currency" of exchange with other Crypto Currencies
NurveRhino - The Platform
NurveRhino is the Platform that users can interact with, to suggest a business, vote on it and fund it, using RHINO Token only
NurveRhino is used not only to fund businesses, but also to actively use the Token on Exchanges, building up its value.
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I am impressive by your slogan : "A Token that Invests in Itself", it is very interesting,
but, when I read your annoucement, I don't understand too much about your idea, Pls help me by make more clearly about your project.
Simple Explanation A Token [RHINO] is created and sold via Crowdsale The Token operates and trades on Exchanges as per any other coin The Platform is the website that uses the token as a service. Users can submit a business idea on the platform Users then vote on the business they want to see funded The Platform generates a list of 12 names from the Platforms member base and asks them if they would like to be ChairPersons   From the initial 2.5% reserved tokens and additional future profits that are in the Funding Pool, those 12 ChairPersons make a formal request to the platform for a FIAT funding amount. The Platform uses available Tokens in the Funding Pool and converts it to FIAT at the best possible price (This is 1st way it invests in itself)As the Business Project proceeds and is put together, that business is expected to make profits. Those profits will be is FIAT Profits are sent back to the Platform and are converted from FIAT back to RHINO Token at the best possible price (This is 2nd way it invests in itself)A small % is kept by the platform and added back into the Funding Pool Any user that privately funded the project (Is done on the platform) receives dividends  If the Business is voted by the community to be privately sold off, the sale is then split up and paid out as dividends to those members who invested.  As the sale as FIAT had to be converted back to RHINO at the best price, those users who only want to hold RHINO without being involved on the Platform side of the business, should see good volume and a healthy trade valuation |
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For the case of profiting business, there will be some "dividend" to be distributed among token holders, but that'll happen to a project that suffers loss? Which expense will be used to cover this circumstance?
Token holders will primarily benefit at the exchanges. This benefit is due to the Platform performing exchanges as the projects return profits. The Platform will always look for the best Exchange rate and will be patient to wait for the best price Token Holders will benefit from the businesses created on the Platform, even though they do not directly participate if they do not want to However, the Platform will allow Token Holders to also FUND a project At this time dividends are distributed among those members who privately funded a project Again, at any time a Business Project makes profit, that FIAT currency is converted on exchange at the highest value, benefitting its Token Holders. |
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 NurveRhino created a Token via Eth DAPP 2.5% held by NurveRhino to be placed into the Funding Pool for the funding on User Businesses Token Address: 0xcBB5967870a9F663062ad4383FD6AcE23F252d54 Contract Address: 0x2020b26Acc57eE8032fC6b3AB08153A987793aE2 Ticker: RHINO Total Supply: 150,000,000 RHINO Early Bird Sale - Rate: 5200 Supply: 20,000,000 Start: 08/25/2018 Finish: 09/25/2018 Presale - Rate: 3200 Supply: 30,000,000 Start: 09/25/2018 Finish: 10/25/2018 Crowdsale - Rate: 2200 Supply:100000000 Start: 10/25/2018 Finish: 01/24/2019 |
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 A Token that Invests in ItselfThe Platform is not required by the Token Users and is only a Tool However, the Token creates part of its valuation from it and those who use it, also have a secondary means of adding value to their Portfolio Tokens are bought and sold as per any trade on a Exchange This interaction creates bulls and bears and eventually the value NurveRhino also creates profit generating businesses Allows for those on the platform to fund with RHINO Tokens, businesses they they want to participate in Business profits converted back to RHINO on exchanges Profits distributed back to those who funded via Token Enables Users to Create a BusinessNurveRhino is a Platform that enables holders of the token "RHINO" to submit a Business Idea, vote on a business idea. Once a Business Idea has been chosen by the users, the NurveRhino Platform generates 12 random users who offered to volunteer at the time they signed up Together with the initiator of the Business Idea, these 12 users become part of the business structure as virtual board members The Business Idea, now called a Project is then analyzed further by the 12 virtual board members and a final decision is made to go ahead or dismiss the project. If the Project is dismissed, another Business Idea is voted on and the process repeats. If the Project is made to go ahead, then Tokens from the funding pool are converted on an Exchange for fiat currency and funding of the Project can start. Benefits of purchasing the Token [RHINO]The Benefits of purchasing the Token are just the same as if purchasing Bitcoin, Etherium or any other multitude of Coins and Tokens that are available. Every Coin or Token gets its valuation from the lowest price someone is willing to sell their Coin or Token, matched by a buyer who is only prepared to buy Coins or Tokens at a low price of their choosing. RHINO works exactly the same way, except with one distinction! At its heart is the NurveRhino Platform that exchanges RHINO for Fiat when it funds a Business, so will always look for the highest price it can get. Next is any PROFITS a business makes, is immediately exchanged for RHINO on Exchanges at the highest price possible, prior to compensating all users who also funded a Business. This creates volume on Exchanges and a need to always only exchange at the best prices available, negating dumps and optimizing on any pumps that may occur |
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We have created a business platform, using a Token that plays a vital role.
We have upgraded/downgraded the post to make it easy on the forum moderators
We apologize for the inconvenience
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The tip that is only here on Bitcointalk, is that the image (Above Post) will be part of a clue, later on in the story. The clue is actually in the image, can you see it  ?So once the clue is revealed, users will put on their thinking caps and try and solve the clue. We have a forum and we envisage users will discuss clues, maybe even giving the solutions, which is perfectly ok. *** Users will then enter in the answer, in a designated area on the forum at: https://arg-game.com *** If the Answer is correct, a point will be added to their profile Then at random intervals, we exchange those points with the arg3301 Crypto Currency, then zero out the users points. Free members get 0.10 argcoin for 1 pointThen we have Paid Members Member 3 - 1 argcoin Member 2 - 2 argcoins Member 1 - 3 argcoins We allow multiple accounts We will accommodate Clans in the near future Alternatively, there is 30% available that can be mined via mining pools, for those people who are interested in the coin, yet dont want to play the game We do have 9 positions for people to become partners ... https://arg3301.com/partners/Our forum is here... https://arg-game.comAnd we also run the game on Twitter as well... https://twitter.com/arg3301Clues are of various genre's and difficulty, so that anyone who is math orientated, has the same chance to win as a person who is a movie buff... and so on |
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An example from the forum at: https://arg-game.com/index.php?topic=43.0After breakfast at the Cloister, Andy, armed with his camera, set off on foot to explore this town outside of Valtor. Located between Jacksonville and Savannah, the Cloister is turning out to be a perfect place to begin an adventure. After 3 hours walking around, taking pictures of streets, parks and people, Andy was now across town and started feeling a bit peckish. Noticing a crowd at the Black Seagull Pub, Andy headed towards it hoping to grab a nice brunch and a hot latte. Behind the counter, a gent named James Carroll was serving beer, so Andy walked over to the counter and asked Mr Carroll if they serve brunch. "Your just in luck Mr ahhhhh" "Names Andy" replied Andy "Well Andy, Peter Abelard the finest Brunch Chef is here and has been waiting for you to place an order" exclaimed James "Mr Abelard has been waiting for me" replied Andy with a slight shock in his voice "Andy, it seems this town loves their beer and you are the first person to order some brunch in the past 2 months" laughed James Well Andy ordered a club sandwich, a water, followed by a latte and a traditional cheesecake. As Andy enjoyed his desert, he scrolled through the pictures he had taken with his camera... and as a bit of a car fanatic, was very please at the photo of an old car he had taken.  Andy paid James for the meal and complemented Peter on the best club sandwich he had eaten in this little town in Georgia. Andy exited the Pub and strolled the town for another 4 hours, taking many photos, before heading back to the Hotel for a hot shower and a short nap
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Sample of the current story/Game The Meeting day 2 - 000013 Andy made sure that he was on time to the Red Lion Cafe As he entered, he saw Matthew sitting there, reading news on his tablet, just like he was doing yesterday Andy - Hello Matthew, great to see you again. Matthew - Hi Andy, grab yourself a coffee and lets get started Andy walked over to the counter and ordered a latte, then came back and sat down at the table with Matthew Matthew - Andy, as I am sure you know, you asked me to head up your business and I am fairly sure you did so, knowing my track record. I am also certain that you might be uncomfortable with me owning such a large percentage of the business and I understand why you feel like that, but let me assure you, I am in it to win and I believe in what you are doing, which is why I am prepared to put all my available time into your project and in return, I want to feel as if all my efforts will reward me highly. Andy - Well Matthew, you certainly read my mind on that and you are correct on every point! Matthew - Thats what I do Andy and thats why I will be the asset you need to make this go ballistic... While also letting you go about and do those things you want to do.... So trust the situation and lets get this thing done! Andy - Okay Matthew, you certainly know your stuff and its seems logical to get the best person to do whats needed, rather than someone less skilled, but cheaper.... So with that, an agreement was made on a handshake, which in a few days will be a legal document, outlining Matthews 49% ownership of the company For Andy, the handshake didn't feel as bad as he thought and in fact he felt elated that Matthew with all his experience is taking charge of the project. This went a lot quicker than expected....! Was it too quick https://arg-game.com/index.php?topic=34.0
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Testing of the forums Answers page is coming together nicely  All correct answers get 1 point from a pool of Designated Points (1 question maybe have 1000 points allotted to it and every correct answer, lowers the available points by 1) At random intervals, those points are converted into ARGCOIN based on the membership level of the player. Free Member - 1 Point = 0.10 ARGCOIN Member 1 - 1 Point = 1 ARGCOIN Member 2 - 1 Point = 2 ARGCOIN Member 3 - 1 Point = 3 ARGCOIN Correct Answers to clues we leave out are added to the USER DATA Cards on the forum Incorrect Answers get a 10 minute wait time before retry.... It not significant in the early days, but when there are large number of people playing, that 10 minute wait might become crucial... 1 Point per user for a particular clue, but we see the possibility of multiple accounts being setup, so we will allow it up to a certain level, since we envisage "Clans" being setup to play the Game |
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