Hello everyone
I decided to open a LTC fund (The BTC one should follow soon) based on my hosting company Esecurity SA (Koddos.com)
https://www.litecoinglobal.com/security?s=ESECURITY-SAPlease find below the detail:
Introduction:
This contract explains the Esecurity SA LTC Fund. The capital of this fund will
be invested to buy one server at 2500 usd.
This server will be pluged to our network (koddos.com) and will be rented to our
customers.
The monthly average price we do rent our servers is 450 usd.
30% of the server USD income will be converted in LTC to pay dividend to
shareholders.
Dividend will be paid out monthly or weekly at the discretion of issuer.
Company presentation:
Esecurity SA, is a Belize registered company since 3 years. Koddos.com is a
division of Esecurity SA.
Koddos is a premium hosting service that specializes in high end hosting. It
utilize the latest technologies and high end hardware to provide an environment
where your webpages will be served at the fastest possible speed while providing
security against DDOS and other kind of attacks. We also offer Offshore Hosting
for special business.
Esecurity SA is proprietary of 350 000 usd of hardware ( Routers, Box DDOS
protection, servers...) Company have 2 shareholders and 5 full and half time
workers.
Dividends Terms:
30% of the severs's income in USD will be distribued monthly. 70% are held by
the issuer for maintenance, bandwitch cost, company cost and some profits.
The average price we rent one server is 450 usd. We do rent our servers from 400
usd to 5000 usd monthly as DDOS protection have multi level an price. Dividend
will forward the income.
Server are guaranteed for 5 years.
Example :
We rent the server 450 usd monthly. The issuer will take 135 usd to convert it
in ltc for payment of dividends.
Example 2 : The second month the customer is DDOS attacked and upgrade his
protection. He pay now 1000 usd monthly, 300 usd will be also converted for
dividend.
Profitability Risk: Issuer can not give any profit guarantee as it's impossible
to predict the future LTC price. However the usd profit is guaranteed. As the
USD profits are converted in LTC, the profit will increase if LTC prise decrease
and will decrease if LTC price increase.. The profit depend mainly of LTC price.
Additionnaly as quoted previously, the profit rate will depend either of the
price our customer rent the server monthly.
Closing of the Operation:
Issuer reserves the right to stop the operation of the fund for the following
reasons:
1) Issuer can stop the operation due to its becoming unprofitable for the company.
2) Issuer can stop the operation due to illness or other severe health or life
problems
3) Issuer can stop the operation if the company close.
4) Issuer can decide to close the fund for any other reasons than quoted previously.
The the 1-3 reason, the issuer can close the Fund at anytime. For the reason 4,
the issuer can close the fund only after 1 year of operation.
Liquidation of the Fund: When liquidation happens , 2500 usd ( initial amount
USD invested by shareholders in the fund) will be converted to LTC by the
issuer and reversed to shareholders in order to close the fund refunding the
initial amount of USD invested by shareholders when the fund has been open.
Please let me know if you have questions.
