Notice
I must advise you that because of the recent changes in the rate of increase of the difficulty level that my plans are in the process of changing. There is one aspect that I will never change, SolarWind will always have a commitment to double investment funds IF the investor chooses that option. It may take longer than originally planned and we will have to diversify sooner, but I am stubbornly determined to make it happen. The one change that I am making that I am certain of is that in order to achieve the goals that I have set out for the company, I must institute a new investment program, we will no longer offer Standard or Founders Shares. Instead, we will offer a Standard and Founders Contracts. The new feature that I am adding is called the RollOver Option (ROO). The ROO is a feature that allows the shareholder to pick their own target amount.
How the new investment structure will work:
(Note: For those who have already made investments, the terms that you agreed to will still be in effect. Even so, the BitShare terms have not changed to any significant degree. If you leave things as they are, or decide to use the new format it will not really change the outcome of your payments. You may keep the DROII option on your future Standard Shares or Founders Shares.)
(Warning: Before you make an investment in any company you must understand the risks involved.
There are several things to consider and a careful judgement should be made as to whether or not you can afford the risks involved in investing in bitcoin and its related industries. Risk should be assessed while keeping in mind whether you can afford to lose the funds you are intending to invest or if a particular investment has greater risk than you are willing to take. Make sure you understand that things can go wrong, even for older and well established companies, and nothing is guaranteed. Despite SolarWind's efforts to safeguard investment funds, we can not be held responsible for things that are out of SolarWind's control. Things that would be out of SolarWind's control include, but are not limited to; a manufacture that overstated its claims about it's hardware or isn't able to provide what they had promised, SolarWind being the victim of a scam, products being damaged, going missing or stolen during shipment, hardware delay's, natural disasters acts of governments, the value of bitcoin, the failure of the bitcoin economy or it's network, hacking, theft and a host of other risks that are completely unknown.
If you only have a small investment, then higher risks are often necessary to realize sufficient profits unless you have a long term strategy. If you want to earn a quick and respectful profit then you will likely have to except the risk that you will lose your investment in part or entirely.
If you want to build a nest egg for the future, then investments that offer slow returns are safer. It may be best if you invest in proven and well established investments. SolarWind is a start-up investment company, although we have the best of intentions, there is more risk involved when investing in any start-up.
If you are considering investing with SolarWind, you should be aware that if you choose the slower, long term investment options, you are not likely to earn much more than you would with any other investment company that has already been proven reliable. If you do choose to invest in SolarWind's slower returns options, your investment funds will likely be safe because we use the majority of investment funds to purchase mining hardware. So there is a tangible product that has been proven to produce returns for investors, namely the mining hardware, that you will be able to rely on. As long as Bitcoin mining is a profitable venture, your risk with SolarWind as a start-up is only slightly higher than anywhere else.
If you choose to invest in SolarWind, know that SolarWind will invest in you, and thank you for your faith and trust in us.)
Terminology and definitions:
Double Return On Investment (DROI) - Meaning implied
Hardware Purchase Cycle (HPC) - The buy-in period preceding the purchase of specific hardware. The intended hardware to be purchased may change due to price and availability changes. The changes could be positive, such as new hardware is available sooner, or is cheaper, more powerful or all of these. OR, changes could be negative, and due to failure of the manufacture to produce the hardware in a timely manner, scams, ROI on hardware intended to be purchased is no longer possible or will take far to long to be feasible, hardware price increases and additional funds are needed or a number of unknown factors.
RollOver Option (ROO) - Re-investment, no outlay of funds are made until a target amount is met.
Overages - Amounts above the selected target amount
Simple Version - The Contract holder chooses their payout amount (see details for each Contract Option.) The funds deposited are Rolled Over (re-invested) until the target amount is met, then a payout is made. If their are overages (amounts over the target amount) then the overage amount is converted into BitShares.
ROO Options:
- Slow Return On Investment (SROI) - This is a long term investment option. There is less risk involved and it resembles a more traditional invest strategy. There is no commitment to DROI but a target amount is selected. Target amount will range from 105% to DROI (200%). Target amounts can be changed at any time but will take two HPCs to take effect. 15% of profits are outlaid biweekly and 85% of profits are Rolled Over until target amount is met. After the target amount is reached and the funds outlaid, any overages are converted into BitShares. There will be bi-weekly dividends from the hardware that the funds were used to purchase and 35% of the dividends are converted into BitShares and the rest of the funds are outlaid.
- Quick Return on Investment (QROI) - Short term profits option. Funds are at higher risk. There is no commitment to DROI but a target amount is selected. This option offers a quicker return and the Target amount will range from 150% to DROI. Target amount can be changed at any time but outlay will be delayed for two HPCs if the new target amount has already been met. There are no outlays until the target amount is reached and no dividends after the target amount is outlaid. Once the target amount has been outlaid the contract is complete, there are no further returns on the investment unless there are overages that have been converted into Bitshares
Hold for contract ORDer (HORDer) - An order to hold investment funds for the purpose of buying a Contract
HORDer Options:
- Hold investment funds and ROO profits until sufficient funds from deposits and ROO profits have accumulated to purchase the chosen Contract
- The number and type of Contracts can be chosen in any combination
BitShare:
10% deposit bonus - The 10% bonus is not part of the ROO but is added to the outlay.
- Price - Any amount deposited under 0.5 BTC is considered a BitShare purchase
- ROO Options - BitShares have a compulsory ROO target amount of 0.5 BTC
- Making a deposit into a BitShare deposit address, regardless of the amount, is a Contract to double the investment funds by default
- There will be a 48 hr grace period where an investor will be able to convert a BitShare deposit amount of 0.5 BTC in increments of 0.5 BTC into a Standard Contract or increments of 1.5 BTC into Founders Contract
- The investor may also select the option to have BitShare deposits placed on HORDer
- The investor can have funds that they have deposited into their BitShare account split into whatever combination they choose including having newly deposited funds credited to an existing HORDer
Standard Contracts:
- Price - 0.5 BTC
- Options - ROO
Founders Contracts:
- Price - 1.5 BTC
- Options - ROO
- Additional Outlay - Adds Share dividends that are from an outlay of 30% of company profits divided between total Shareholders minus a 30% fee deduction from the Shareholders portion. The fee deductions is distributed to Shareholders who purchased from an earlier HPC. Since the older investment has done more work over time, it would not be fair to the older investment if a newer investment received an equal return on the same investment amount. To make it more fair to those who have been invested longer, the 30% portion is deducted and payed to the investor above them. It also would not be fair to keep the 30% fee forever, so the fee will decay at a rate of 5% (for the following 6 HPCs). The first Shareholders to purchase a Founders Contract will be at the top of the stack in the HPC and will not have the fee deducted from their outlay but will initially receive 30% of the outlay of those Shareholders that purchase in an HPC after them. The placement of a Shareholder is based on time and position, so purchasing one Founders Contract puts the Shareholder above the next purchaser, even if that purchaser is the same Shareholder. So, the Shareholder would receive the fee from their own Share that is in the stack just below them. If a Shareholder purchased 10 Founders Contracts then they hold 10 positions in the same layer of the stack. When another investor purchases a Founders Contract for the following HPC , he fee would go to the first (by number) of the positions in the layer of the stack above the new investors position. This would continue until all 10 positions have a Share beneath it in the stack. The fee is cumulative, so, the fee a Shareholder receives will include a cumulative amount from the shares below each HPC)
I am instituting an escrow account with SabastianJu for funds that are designated for hardware purchases. The funds deposited in the escrow account must be in multiples of 0.5 BTC. All funds deposited into the escrow account will be considered to be Standard Contract purchases unless the Founders Contract terms are met. Any overages (amounts under 0.5 BTC) or deposits under 0.5 BTC that are deposited into the escrow account will be converted into BitShares.
