Firstly we announced yesterday in Telegram that SPEC will be a dual token model. One will be dividend based. One will be a utility token. The specifics will be available on the website in 3 or 4 days.
I have some highlights we can share with you now about the specifics. Here is what was announced in telegram. These are quotes from Kay our CEO.
Question: Kay thanks for the replies, I did not find any mention of two kind of tokens on your website, is it a latest change?
"No problem Aamod, yes we have received a lot of feedback in the last week from both camps. Investors (big buyer groups) who want to invest in Spectre but fear changing regulations meaning that major exchanges like Kraken/poloniex wont be able to list our dividend token. So they want a utility token instead. We are creating it for them. For those investors who are more yield hungry, our dividend token will work out for them. This change has been approved by legal yesterday and we are updating all of our materials today/tomorrow."
Question: Dividend means it's considered a security and will be under SEC rules for listing do you the necessary approvals?
"Our Utility token and the company that issues that will fall subject to those rules and will be accepted by major U.S exchanges yes.
The dividend token will not be listed there but offshore.
(on smaller p2p exchanges and our onsite exchange)"
Question: Will the cap you trying to raise remain the same?
"yes we do not need more than $30m to disrupt.
"
Question: I guess spectre will be the first to launch two tokens in one ico?
"Augur and Steem.it have done more than 1 token per ICO please check."
These questions the community and quotes from our CEO Kay. Again the rest of the details will be on the website in 3 or 4 days. Thank you all for your support and patience.
We forecast combined dividends (eg. normal and special dividends) to token holders of $3.7m to be paid out in year 1 (or $0.11/token) translating to a projected token-yield of 37%.
How you ll pay dividends for tokens holders? Once a year or a mounth? And where we must hold our tokens for receive dividends?
There are 2 types of dividends the SPEC token holder receives. There will be some redundancy in my answer in an effort to make it as clear as possible.
One type is a monthly dividend based off of trade volume. This dividend is paid in ETH. In order to receive that dividend you would need to have your SPEC tokens on a wallet that you control. A personal MEW or any other ERC20 token wallet that you control. If you don't have it on a wallet you control then you will not receive the dividend. Say for an example you have your SPEC sitting on an exchange, the exchange would receive the ETH dividend as they control the wallet that it is sitting on.
The second type is a year dividend paid each January. This dividend is based on the excess ETH created each year in the liquidity pool. Each year a benchmark for growth of the liquidity pool will be set. If that benchmark is surpassed the excess ETH's will be distributed to the token holders and the Spectre team. This division will be 70% to the token holders and 30% to the team. This dividend is paid in ETH also. In order to receive that dividend you would need to have your SPEC tokens on a wallet that you control. A personal MEW or any other ERC20 token wallet that you control. If you don't have it on a wallet you control then you will not receive the dividend. Say for an example you have your SPEC sitting on an exchange, the exchange would receive the ETH dividend as they control the wallet that it is sitting on.
"Note: the dividend-token is uniquely different from the utility-token". Just in case they are not aware that there will be two classes of tokens.
I hope this answers your questions. Please let us know if you need any more assistance.
