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Just a small update on IPO divdends:
They will be non - transferable for 6 months. After that a 3% will be inncured when transferimg ownership.
80% of divedends will go to investors and 20% to coin plan. These dividends will be paid out quarterly unless they are to small.
They will be non - transferable for 6 months. After that a 3% will be inncured when transferimg ownership.
80% of divedends will go to investors and 20% to coin plan. These dividends will be paid out quarterly unless they are to small.
Could you please explain this a little more clearly with real figures please? Like for example, if you received a total of 10 BTC (.1 BTC from 100 people), and the coin launched on June 1st 2014, what exactly does one of the investors who invested .1 BTC recieve and when.
Also could you have one official escrow arranged for collection and have them announce their fee on the OP, so people have a choice. I think bigger investors would prefer the escrow and the fee is usually relatively very small.
Ok let's assume that we invest in SCRYPT-X BY CRYPTX (https://www.havelockinvestments.com/fund.php?symbol=SCRYPT) since they have a proven track record.
This is how it would be broken down:
20% of the 10BTC is used for reinvestment so that means we have 2BTC.
2BTC will purchase us 50 SCRYPT-X shares.
50 shares are split between the coin and investors. This means that the Coin Fund will receive 10 shares and each investor will get 0.4 of a share.
Divdends will be received every fiscal quarter so if we launch on June 1st this would be 30 September (July 1st would be to early).
If we assume that SCRYPT makes the same amount of money each week as it did this week. Each investor will receive 0.0037 BTC if they invest 0.1BTC.
So unlike other coins, the investor are also investing in a coin fund.
If the shares are ever sold they will be re-invested else where or the money will go back the Coin Fund.
Ok... what about Xero coins then? how many would they get in the above example for the person who puts in .1 BTC?
This solely depends on the total amount of funds we raise. The total held by investors will be 25% of the Coin supply or 12 , 000 , 000 coins.
So if we raise the goal of 25BTC:
Each 1BTC investment will be worth 480 000 XR . This means that each 0.1BTC investment will be worth 48 000 XR.
