I hope you had a good weekend!
Well as you have noticed the coin swap has been finished, which means you can't send coins to your ADZbuzz account anymore at the moment.
The main question I want to answer in this update is: Can I still exchnage ADZ V1 for ADZ V2 if I still have coins in exchanges or an offline wallet?
The answer is Yes.
Once we are done setting things up in the backend we'll allow people to send coins to our wallet and exchange them for ADZ V2 at the fixed price of 5 DZ V1 per ADZ V2. This will be done for a certain period of time and when we launch the new offer we'll permanently put the price at $0.50 per ADZ V2.
So how will the coin work?
-> ADZ V2 represents ADZbuzz ad space
So essentially ADZcoin will be backed by a real asset that people will pay for. Advertisers who want to post ads on ADZbuzz need to buy ADZcoin and deposit them into their ADZbuzz ads account and then they will get part of the ad sapce.
-> Coins are locked for 12 months
When deposited in the ADZbuzz ad server the coins are locked in for 12 months. This means every ADZcoin (50 million to start) represents 1/50,000,000 of the ad space for 12 months. Lt's make a small calculation:
- ADZbuzz receives 100,000,000 page views per day when it goes viral (5-10 million users, currently about 50K users bring 1 million page views)
- 3 ads on average per page means 300 million ad views = 6 views per day per ADZ
- 12 month lock period means every ADZcoin is worth 2190 ad views
- With an average Click through rate (based on FB ads) of 0.5% (sidebar and timeline ads) this means 1 ADZ is worth = 10+ clicks
- If only half of ADZ are locked in ADZbuzz this can be up to 20+ clicks
- With half a dollar per click 1 ADZ has an intrinsic value of $10+!
This leaves out the fact that many advertisers will leave their ADZ in ADZbuzz for years to come instead of just 12 months and that there are NO speculators buying ADZ to trade and make a profit. Rest assured, this will be an amazing system!
-> 20% yearly inflation to distribute daily earnings
There will be no liabilities for ADZbuzz ever, we will simply program the new coin to automatcally create new coins daily at a 20% inflation rate per year. This will not only make it super easy and predicatble to understand your earnings, but also ensure daily profits are guaranteed.
-> Distribution to Advertisers and Publishers only
We won't be giving free coins to everybody joining ADZbuzz. After a lot of brainstorming we have concluded that it will be much better for the overall concept that we focus fully on a platform that people love to visit rather than the earning opportunity. This will ensure our ad server is of much higher quality and advertisers will be lining up to advertise, which is basically for free and even being able to build up their account to get more advertising over time along with daily earnings.
This is a basic overview of the possibilities and how we'll handle things. Our new developers are already getting accustomed with the code and will be finishing he training shortly and already start coding new features on ADZbuzz.
We'll also start setting up the new offer which is basically a crowdsale in which we sell ADZ V2 coins that give buyers part of the ad space on ADZbuzz. The coins will be sold for $0.50 per coin and the revenue distribution for current Buzz Power holders will continue as promised and will be based on the amount of ADZ you hold.
So when the offer launches, the earnings on ADZbuzz will continue, all info about that will be posted when this is all set up, it'll probably take a cople of weeks so please be patient.
That's it for now! If you have more questions or suggestions please let us know!
All the best,