What is the Revenue/Profit relation could you disclose what per Cent of Revenue should go to profits?
50% of the net profits will be distributed to FYP Token owners in proportion to their ownership of tokens. All costs incurred in running Flypme will be covered by the funds raised during the Presale and ICO. Therefore, until Presale and ICO funds have been used, the net profits will be equal to revenue.
Yes I know that during the presale and ICO Revenue will eqal the profits. I am asking what the Revenue/Profit structure will be after the 21st Oct. The reason is, that there are charities non Profit organizations existing, who are actually non Profits but 95% of the donated funds go to luxury real estates and cars, so only 5% are distributed to people in need, but they remain non Profit. Since you will be Holding 50% of the Tokens, you could easily set at any time during the Exchange what % of Revenue will end up as Profit, so that Piece of information is extremely vital and is a projection every Business plan of a Startup must have.
Flyp.me will publicly disclose aggregated costs, volumes and other info. We will also have what we call the FYP Average Earning Index so that anyone will be able to see how much they are earning with their FYP Tokens.
Also, Flyp.me will allow FYP token owners with more than 200,000 FYP to audit costs, volumes and related information to certify them for the wider community. In the eventuality that no FYP token owner requests to perform an audit, Flyp.me will use the services of an independent auditor. Which independent auditor should be appointed will be decided by the FYP Token owners.
Flyp.me envisage implementing state of the art cryptographic auditing methods to provide maximum transparency and accountability. These include proof of reserves, volumes and profits.
More details about the use of funds can be found in the whitepaper
https://flyp.me/whitepaper.pdf