Could one of the developers break down the ICOO tokens and what the ICOO will hold or distribute with the funds raised? I am a little confused reading the OP.
15% of Crowdfunding goes to OBITS for Burn, buyback and Blogging rewards.. Will The ICOO get OBITS Tokens or Distribute tokens?
5% goes to BTSR and 25% to DigixDAO... What will the ICOO gain from the investment into BTSR and DigixDAO?
30% to CCEDK Team... What specifically or how will these funds be spent or rewarded?
Thanks for taking the time answer and hopefully will help others that may be a little confused.
Hello chickenfried12,
Thank you for the questions. Will try to answer below with some added info as well.
The funds from the ICOO crowdsale are generally being used to help develop and support the various ecosystems working on OpenLedger all of them profiting from eacother and this way allowing the ICOO asset to be backed not only by crypto itself like the DGD gold token but also by people.
These ecosystems in their various forms and activities will allow the ICOO asset to hopefully grow in value in connection with an increased amount of awareness, whether it is from the ecosystems of OBITS or BTSR or from the people connected with the conglomerate itself like CCEDK/Openledger.
The funds obtained from the ICOO account shown here https://bitshares.openledger.info/?r=openledger#/account/icoo/overview will be used accordingly:***** 10% to OBITS asset to be used for buying back / burn on the announced dates of OBITS site (this amount is part of a general sort of sharedrop on OBITS holders on all ecosystems presented on OpenLedger by CCEDK in the form of an asset and part of its ICO crowd sale)
*****5% Implementation of future OPEN assets on OpenLedger initially introduced as a prelaunch ICO (the cost involved having cryptocurrencies implemented with a gateway on Openledger)
*****5% to BTSR for Advertising(
buying back BTSR to be used for advertising of DC and ICOO especially)
ICOO backed by advertising (This amount of BTSR is sent to a special account reserved for the future "Ambassadors" of BitTeaser network to be used as rewards for the various marketing contributions they may do promoting not only ICOO itself but all future ICO projects where a revenue stream is added to the ICOO profit distributuion.
*****5% to OBITS reserved for Blogging rewards (
buying back OBITS reserved for BloggersClub rewards) ICOO is backed by Bloggers’ Club meaning people and their writing skills
ICOO backed by bloggers and their advocating of the various promotions, activities and ICO's on OpenLedger and made aware by CCEDK team an their weekly mailouts with DC news.
*****25% Governance/Reward token for DigixDAO (DGD) ICOO backed by gold DAO token This amount of DGD is meant as a token of great potential value backing the ICOO asset, with the intention of having it listed on the ICOO as a proof of reserve. The DGD tokens allow a quarterly interest payout in the goldbacked asset DGX, and the idea is eventually to convert any future increased value of DGD into DGX and by then finally a created smartcoin backing the initial crowdfunding in full. It will allow the future holders to sell, buy, trade, short and long the future ICOO smartcoin backed by gold............. and on top reep the benefits in terms of either dividends or buyback(dividend option will be suggested to holders in near future) from the minimum 2 monthly ICO's presented on OpenLedger via the ICOO subscription.
*****20% Reserve buffer to buy into ICO’s ICOO backed by any new crypto prelaunched on OpenledgerThis amount is just another way of backing and supprting the ICOO asset and its minimum valu untill the smartcoin is created and on top allowing the ICOO team to buy up any prelaunch ICOO at the best rates possible ans then offer its subscribers the same rate as long as supply is available only with the added small prelaunch fee of 4% on top(4% is in this case the revenue stream of the prelaunch ICO's).
*****30% to CCEDK Team for project work ICOO backed by value added developmentFinally this last 30% of the crowdsale funds are dedicated to the ongoing development and introduction of features and options connected with ICOO as an ecosystem as well as its conglomerate OpenLedger and its constant urge to innovate and diversify adding on top of the almost indefinite opportunities of a platform like the BTS 2.0 is all about. So in short it is part of the supporting the future need of development of both ecosystem ICOO, as well as the conglomerate itself as a whole.
CCEDK is OpenLedger is the DC also named
the Decentralized Conglomerate and why its so much better than the DAO structure is mentioned in various ways in the below articles:
'Digital leadership': a major benefit of the Decentralised Conglomerate over the DAOhttp://bitscan.com/articles/digital-leadership-a-major-benefit-of-the-decentralised-conglomerate-over-the-dao
Bitcoin, The Blockchain And The Future Of 'Decentralized' Conglomerateshttp://www.forbes.com/sites/rogeraitken/2016/03/10/bitcoin-3-0-tech-bitshares-built-on-decentralized-conglomerate-platform-surges/#4c2d9f2339f8Danish Bitcoin Exchange Expands Beyond The Blockchainhttp://www.forbes.com/sites/rogeraitken/2016/05/15/bitcoin-exchange-ccedk-relaunching-as-decentralized-conglomerate-with-crowdfund-focus/#b8e7fc47fd13Why Decentralized Conglomerates Will Scale Better than Bitcoin – Interview with OpenLedger CEO
https://news.bitcoin.com/conglomerates-interview-openledger-ceoDecentralized Conglomeratehttps://www.linkedin.com/pulse/decentralized-conglomerate-ronny-boesingI hope that answered your questions at least for the breakdown of the funds achived from the crowdsales, and I hope it is clear that I expect and intend to build on top of everything for constant improvements, as this is what the DC is all about. IT has an immense amount of possibilities an will never stop to develop, but will thrive on the growth of every single added value in eithe of the ecosystems whether they are the ones now or the ones aded in the near future.
The DC works fom the inside out and has indefinite potential, and will be possible eventually to suffer a blow to one ecosystem and rise again from two others build from the foundation of the first if ever that should happen as well.
NB! ICOO tokens will be only as many as purchased and reserved during the crowdsale and any remaining tokens of the issued 20 million will be burned at the end meaning latest July 1st 2016.
Furthermore, all ICOO holders will be able to use the coming voting system added very soon to vote for future improvements or changes like for instance whether it should be buyback or dividend structure or as to when DGD should be converted into smartcoin based DGX to back a future ICOO smartcoin asset or to simply keep as a speculative investment object.
Yours sincerely
Ronny Boesing
CEO
CCEDK ApS and founder of OpenLedger, a decentralized conglomerate in constant development built on top of the BTS 2.0 platform with its indefinite opportunities.