SettleVC (OP)
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April 15, 2017, 12:30:48 PM
Last edit: April 16, 2017, 08:14:49 AM by SettleVC |
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The goal of the SettleVC Platform is to allow people to get into ICOs at a later stage, at the initial ICO USD rate.
How is this possible ?
The Settle usage token (STC) is used to redeem various tokens bought at an ICO's USD Price. STC holders can redeem ICO tokens at four set time intervals after an ICO has been fully funded, and once the tokens are moveable (~3-6-12-24 months). They are traded at the USD conversion rate of the spot STC price.
This will be initially centralized through a platform. At a later stage - and if SettleVC solely handles ERC-20 investments - this could be decentralized.
What happens if I don't want to redeem an ICO token, or I am not fast enough to trade my STC for ICO tokens at each time interval?
To lower risk, SettleVC's Exposure to each ICO will be a small % of its total holdings. Many STC holders will be unable to redeem, or may not want to redeem, their STC tokens in exchange for the available ICO holding. STC token holders, who do not redeem for ICO holdings still get value due to the burning of the STC tokens that are converted for each ICO investment. They also have the option to redeem their STC holding for other ICO tokens, in future SettleVC investments.
How does STC have long term value?
To retain the long term value of STC tokens - on top of the regular buy back and burn - SettleVC will hold back 15% of each ICO investment.
Due to number of ICO launches, we will be creating an ICO listing page similar to Icocountdown. We will charge a set USD fee (paid in STC and then burnt) for ICO project exposure.
ICO : TBA
Token Supply : TBA
Token : Ethereum ERC-20 token
Ticker : STC
Note: This is a POC (Proof of Concept) and any or all material are subject to change
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nagatraju
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April 15, 2017, 01:03:44 PM |
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No information, No Roadmap, No Future Plans, No Team Behind this Project and comes from a '0' activity newbie account  How investors are interested about your ICO? |
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SettleVC (OP)
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April 15, 2017, 01:06:55 PM |
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No information, No Roadmap, No Future Plans, No Team Behind this Project and comes from a '0' activity newbie account How investors are interested about your ICO? As stated above this is a proof of concept, we want to gauge interest while we get everything together. |
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0xfff
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April 15, 2017, 01:26:33 PM |
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Interesting idea. I'll check back later when you have some more information! |
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bataoucheusma
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April 15, 2017, 01:32:10 PM |
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where you will lunch your ico ? in exchange website  |
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SettleVC (OP)
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April 15, 2017, 01:34:25 PM |
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where you will lunch your ico ? in exchange website We don't think that will be the best route for the ICO. We are also open to ideas from the community. |
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bataoucheusma
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April 15, 2017, 01:39:25 PM |
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where you will lunch your ico ? in exchange website We don't think that will be the best route for the ICO. We are also open to ideas from the community. think about yobit ico , your ico will complite in just 1 minutes and you coin start trading directly  |
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2012
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April 15, 2017, 01:51:19 PM |
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What OP is saying is not possible without having any good team at backend. This idea is not interested for so many people to give their money to any unknown people as donation. I don't think anybody will invest into this ICO.
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SettleVC (OP)
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Activity: 4
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April 15, 2017, 01:53:05 PM |
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What OP is saying is not possible without having any good team at backend. This idea is not interested for so many people to give their money to any unknown people as donation. I don't think anybody will invest into this ICO.
Correct, we are currently in talks to have backing from well known people in the crypto space and also a good multisig escrow process. |
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