THIS IS A TEMPORARY PLACEHOLDER. MORE INFORMATION COMING SOON! (upon launch of campaign)
Partial Overview - informal/incomplete details - more complete info to be provided later...
What is this project?
This will be a fundraising campaign based solely on bitcoin
donations, in exchange for
(a) "Supporter Hall-of-Fame" name listings, and as an added bonus,
(b) private ERC20-compliant tokens on the Ethereum Classic platform
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When does this campaign start?
This fundraising campaign is expected to start sometime within 2018 Q1, with pre-campaign donations possible (just send me a PM if interested in contributing to pre-campaign donations)
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What are the campaign fundraising goals and token distribution schedule?
Initial Creation of the 1,000,000,000 (One Billion) Tokens - 100% pre-mined:
At the initial state, all 1,000,000,000 (100%) of those tokens shall be reserved in Endowment Treasury Wallet to be exchanged for a total maximum of 100,000 BTC from supporters, per the following schedule:
- The first 10,000,000 (1%) of those tokens, that number also including any pre-campaign donations, exchanged at a rate of 10,000 tokens per 0.50 BTC [ 500 BTC ]
- The next 90,000,000 (9%) of those tokens exchanged at a rate of 10,000 tokens per 0.70 BTC [ 6,300 BTC ]
- The next 150,000,000 (15%) of those tokens exchanged at a rate of 10,000 tokens per 0.88 BTC [ 13,200 BTC ]
- The next 500,000,000 (50%) of those tokens exchanged at a rate of 10,000 tokens per 1.00 BTC [ 50,000 BTC ]
- The remaining 250,000,000 (25%) of those tokens exchanged at a rate of 10,000 tokens per 1.20 BTC [ 30,000 BTC ]
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What is the intended use of the 100 thousand BTC?
100% of all donations will be used to acquire proven dividend-paying securities (PM me for current list); those securities shall form part of the trust corpus. 50% of the dividend income from that trust corpus shall be made available to fund business and technical development activities of Omnia Value Exchange Systems, holder of a recently acquired US patent for contractually backed private-money exchange/creation - an entirely new asset-class (
https://www.google.com/patents/US9721298 ) . The other 50% the dividend income may be used as directed by the donors (e.g. maybe sending to a specified BTC address).
Token holders will be able to use the tokens for several purposes (including, but not limited to, payment of Omnia Value Exchange Systems platform fees, at a minimum ratio of 20x premium - e.g. donation of 1BTC yielding 20BTC of platform fee credits or equivalent - essentially a massive discount)
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What yield do you expect to receive from the trust corpus?
trust corpus assets are to be chosen with capital presevation in mind, and a conservative endowment yield expectation of 5% per year, so we would expect that 2.5% (i.e. the 50%) shall be made available to fund business and technical development activities of Omnia Value Exchange Systems.
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Is this an investment?
No. This should never be considered an investment. It is a private donation. While we do expect to reward our donors, donors should not expect to receive anything of value in return for their donation, and the donation would legally be strictly in exchange for recognition on one of our "friends and supporters hall of fame" pages - nothing more; the tokens and anything else that may or may not be rewarded to donors would be contractually required to be stricltly discretionary non-contractual bonuses
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would donors be able to take back their donations in the future?
Yes, under certain conditions. Since 100% of donations are going to be used for acquiring relatively low risk securities, we would have a policy of allowing those holding the private ERC20-compliant tokens for over 48 months, to, in multiples of 100,000 tokens (with 100,000 token minimum), be able to exchange and burn those tokens for a proportional liquidation of trust corpus assets, with the proceeds of such liquidation - minus any BTC grants disbursed to donor specified BTC addresses within the past 48 months - to be given in BTC to the donor taking back their donation (with any applicable gains if any)
