New project listed at
https://cryptostocks.comDirect url -
https://cryptostocks.com/securities/23DESCRIPTION:
The purpose of the Pyra-Proxy LTC project is to allow those parties interested in Pyramining and the health of LTC to pool their resources and create a conducive environment where they can enter and leave participation at will while still having the opportunity to participate in the pyramining model of mining.
Pyra-Proxy LTC will establish a permanent presence in the Pyramining ecosystem with appropriate reinvestment to maintain and marginally grow its stake while simultaneously providing maximum dividends to project constituents to keep the project viable.
INVESTMENT PLAN
Pyra-Proxy LTC will invest all resources into a 4 tiered Pyramining cluster to maximize reward and benefits from the Pyramining model. Investments will be adde in whole BTC increments. Initial resource induction will seed all 4 tiers at a ratio of 1:2:4:8 to maximize mining bonuses and speed the time when LTC purchases and dividends can be made.
Upon receipt of Pyramining payments the reinvestment and dividend take plan active at the time will be implemented within 48 hours.
The Pyramining top level account will be made public so that any participants or prospective participants can fully audit current and past performance as well as verify that the program is operating properly within the given charter.
REINVESTMENT AND DIVIDEND PLAN
90% of pyramining payments will be reinvested in the 4th tier as soon as the total is greater than 1 BTC 10% of pyramining payments will be redirected as a dividend take less 5% of the dividend take for administration fees, these will be paid within 48 hours of payment.
Non-voting planned adjustment to this structure immediately following the first pyramining payment received after 1 BTC has cascaded sequentially through each of the 4 tiers.
The new plan at this time will be 60% reinvestment into the 4th tier and a 40% dividend take less the 5% of dividend take for administration fees
All future amendments to this plan will require majority vote by the programs participants.
CURRENCY TRADING FOR PROFIT GENERATION
This program is not designed to reap gains through the currency trading between BTC and LTC and thusly will initiate the necessary trades at market value solely on the vircurex exchange unless that exchange chooses to cancel LTC BTC trading in which case another exchange will be voted upon by members
Trade announcements will not be announced in advance to protect the interest of program participants but will happen within 48 hours of pyraming payments or receipt of greater than 500 LTC of newly invested resources.
PROGRAM SOLVENCY
Pyra-Proxy LTC will remain viable so long as 3 environmental conditions are true. 1-Cryptostocks is active and allowing for continued operation; 2-Vircurex or some other web based secure exchange between LTC and BTC are viable with active trading; 3-Pyraming remains a viable mining operation.
In the event of a collapse of LTC or BTC and/or a failure of the conditions above, the administrators will attempt within reasonable power to proportionally disburse cryptocurrency units to the program participants as they become available with 0% reinvestment and 0% administration fee.
