[BOUNTY] ICO Dev. Kit: bounty campaign started

[SnowCron]

ICO Dev. Kit Bounty Campaign

A campaign is officially on.
Note that we run Signature campaign using our own automated tool - Signature Scanner.
You can use it, too.

[Fizpok]

An official announce of an ICO

[Fizpok]

An official White Paper

[rDieminger]

NEED SPANISH TRANSLATIONS ?



We work with

White Paper│ ANN │ Bounty thread │ WebSite │ Light Paper │ and more

Contact information

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Language	Spanish
BitcoinTalk userName	rDieminger
BitcoinTalk Profile	https://bitcointalk.org/index.php?action=profile;u=1122251
Portfolio:	→ Read my portfolio
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PM me if I am accepted. Thank you!

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[Fizpok]

Ethereun Developers Kit ICO

Overview

As we keep adding new tools to our Ethereun ICO Developers Kit, it becomes more attractive for investors. Even now, far from being complete, it is of value... which can be used to attract funds and to speed up the development.

An interesting thing to try however, would be to run our ICO using our tools ONLY. Can our crowd sale run on a contract, that was produced by

ICO Generator? Can we control our bounty campaign using our tools, like Signature Scanner, without the need to pay extras to bounty campaign manager?
The answer is "yes, but". On one side, we can, why not. On the other hand, we are developing tools, which means some of them are not ready. And when they are going to be ready, we will not require any funds to develop them.

So we have chosen a compromise. Our ICO campaign will start as soon as basic tools are ready, and will use more tools as they become awailable. Below we explain how.

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What is in it for investors?

Before we go into steps, tools and time line, we need to answer the most important question: "what is in it for investors?" In the "real world" crowd funding campaigns, there are laws and regulations that make investment... well, it is not 100% safe, of course. But it gives you at least some promises. Unlike in block chain, where such regulations simply do not exist.

First of all, most ICOs do not answer a simple question: "what value do they have behind their tokens?" Will they buy them back at a fixed price? Mostly, they wouldn't. Will they pay dividends to token owners? No, there is no way for them to do it properly, and no obligation to do it, too.

This is a very important point: no mater how nice the "white paper" of a campaign is, a token, once issued, has NOTHING to do with a company. It can be traded at a market price, on online token exchanges, but: no dividends, no promises, no voting right in a company...

It is a token, it is not a share.

Until now. Our Share Holder contract allows to create a link between company's earnings and dividends paid. If a company does business in a block chain (we do) and if its contract is linked to Share Holder contract (ours do), then a specified fraction of all future profits is assigned to share holders. It is written in an Ethereum contract, it is in a block chain for every one to see, and we can not change it after the contract was deployed.

To use this technology to our advantage, we have added Share Holder as an optional feature to our

ICO Generator. And of course, when generating our own crowdsale contract, we used it: tokens you buy during our crowd sale are accompanied with ShareHolder's shares. Then, when crowdsale is over, tokens will be traded on online exchanges at a market price (which means that we have nothing to do with them anymore), but shares... Shares are different. For details, please read the Share Holder Tutorial; to put it briefly: they can ONLY INCREASE in price, and a pre-defined part of any profit we get will be sent there and become available to share holders.

[Lovebang]

You might be needing English to Filipino translator.
Pm me if approved.

[Fizpok]

Abstract
Leaving aside common hypes and misconceptions, smart contract is nothing but an LLC: a Limited Liability Company. It works "in and out of itself", according to set of statutory documents (coded into a contract itself), it earns profit and it pays for expences, including paying dividends to shareholders of the company.

As such, a smart contract mimics, to a limited degree, the "real world" companies, providing faster, more secure and less expensive way of achieving the same results. It is distributed, robust and network-centric. Multiple solutions are awailable in that area with much more to arrive in the nearest future.

There is a strong and growing demand for such solutions, implemented in the block chain, scalable, easy-to-use, secure and transparent enough for non-technical users being able to participate in the cryptocurrency business. One should expect having a range of such tools covering different possible areas of application, in order to be comfortable in a growing blockchain based market. Yet at the moment available solutions are scarse.

As an example of the revolutionary technology "replacing" (note the quotes) the common stocks, one can name ICOs. Indeed, Initial Coin Offerings allow the companies to rise funds the same way it is done in an off-chain old-fashioned stock market. However, there is a difference.

Stock market in developed countries is highly regulated, most of these regulations serving as a means of protection, shielding the stock holders from accidental losses, incompetence of the management or unethical behaviour of the issuing company. ICO, on the other hand, is not (should we say "is not YET"?) bound with such regulations. Generally speaking, nothing prevents the company to misrepresent its business, or even to disappear in the thin air with all the money collected.

The reason is obvious: ICO is just a crowd funding event, and should be treated as such; it is not directly connected to future profits of a company. In other words, there is a point in ICO's structure, when money leave the block chain, which creates a security problem.

Should we regulate the area same way it was done to the stock market? We believe that in a generic case the answer is "no". First of all, it is difficult due to an international and semi-anonimous nature of the blockchain; second, it will increase the cost of operations dramatically. Still, as we mentioned above, the moment money leave the blockchain, a contract loses ability to control it, so in a generic case, we can not enforce "rules and regulations" using just the smart contracts alone. Fortunately, some business cases are far from being "generic".

There is a rather large group of contracts that can provide block-chain based guarantee of "honest" behaviour of the business they represent. For this approach to work, an underlying business should satisfy a single condition: it has to take place in the block chain entirely. If this condition is met, a contract can take finances of such a business under control, making sure share holders receive what they were promised to. If not, the approach will still work, but it will have to rely on the business reputation of a company or to the above mentioned and not yet present government regulations.

ShareHolder Platform brings up a revolutionary decentralized block chain based network, unifying the way financial flow of a contract (or group of contracts) is controlled, providing a breakthrough way for share holders to be connected to the source of their wealth. Our priorities are simplicity, security, cost-effectiveness, and provable fairness of the business.

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Problem Description and Solution: Meet ICO 2.0!

Proposed in this White Paper ICO 2.0 is a standard contract interface (and its implementation: a ShareHolder contract) that can be used as part of a fund rising strategy as well as after the fund rising is complete. As it is a contract, a person can read its code before investing, and be sure that rules are not going to change as soon as fund rising is over.

In the same time, a token ShareHolder uses is not exactly a "share" in its traditional sence, but more of a combination of a share (participation in profit) and a bank account: as an account, it keeps the running sum of profits of a company so that its price can only go up; as a share, it can be bought and sold at a price that is at least as high as price of a purchase (minus trade comission).

[Fizpok]

Sample Use Case

As a simple example of a contract, let's take a look at a twist of a well known "King of Ethereum" game: we have called it Duke of Ether and brought the contract online as a proof of a concept. The game is a simple auction, allowing bidders to take the virtual "throne". As the next "Duke" rises, he/she pays 50% more and whatever the payment is, it goes to the previous Duke as some kind of a "golden parashute". Of course, the owner of a contract gets certain comission.

Now let's say the game was developed not by a single person, but by a group. As profit runs, we need to provide them with reward that is proportional to their rights (which is same as number of shares). Also, any share holder should be able to sell her/his shares, and any other person should be able to purchase them.



ShareHolder contract does all that - and more. "Shares" it operates are directly connected to profit made by "attached" contract(s), and profit is distributed according to number of shares a person holds, and a limited version of a "secondary market" is created by ShareHolder contract, allowing people to buy/sell shares.

Same approach works well when we need to run a viral ad campaign: as soon as the person becomes a Share Holder, he/she becomes interested in a contract being profitable. As the result, a share holder spreads the word, creates posts in social media sources and brings new clients to the contract. A small fraction of an "attached" contract's profits works as "promotion agent salary" of a kind.

The last, but ultimately the most important example is using ShareHolder contract with ERC-20 enabled tokens. ERC-20 works well as a crowd funding engine, while ShareHolder guarantees that if the company makes any profits, the money will be distributed among share holders, as promised. It increases the trust required for the fund raising effort to succeed.

[Fizpok]

Our Service: ICO 2.0 Factory
ShareHolder Factory is a smart contract provided by us as a service. Use it to create (deploy) your own ShareHolder contract that your own commercial contracts can use as Profit Management System.

All the Factory does is creating a clone of ShareHolder with your address instead of ours. Then you (your address) becomes the contract's owner, and from that point on you have all the control over the profits flow.

On the following image a ShareHolder Factory creates out ShareHolder contract that manages profits from our demo contract "Duke of Ether". As ShareHolder can manage more than one contract, a "3rd Party" contract is attached to it as well.

"ShareHolder 1", "ShareHolder 2" and "ShareHolder 3" contracts on the picture are someone elses' ShareHolder contracts.

[Fizpok]

Target Users

With block chain technology gaining increasing public interest, we see an exponential growth of businesses that are potential users of the technology.

This, plus projections for future growth of the blockchain acceptance worldwise, gives us nearly unlimited potential for attracting new users interested in this cutting-edge technology, both individual and corporate clients. What makes ShareHolder technology so attractive?

Simplicity. "Shares" are available for co-owners of a block chain based to participate in "attached" business, hands-free, with no extra efforts required.

Security. Both an "attached" contract and ShareHolder contract are available for review in the block chain. Human factor is completely out of the equation.

Transparency. Users of the ShareHolder Platform will enjoy a wide range of statistical data, designed to help monitoring both "attached" businesses and the ShareHolder's own money flow. As a demo, we brought online (should bwe use the "on-chain term?) a simple Duke of Ether contract accompanied with the Web Interface, charts and tables. Watching your money grow is made as simple as possible: you do not have to run your own Web site for that as we handle it for you.

Predictability. As ShareHolder takes control over "attached" contract's payments, the only restriction to its use is that the contract whould work in block chain, entirely. A simple Dice game. A complex Currency Exchange. It doesn't mater, as soon as the PROFIT of a contract arrives to the contract itself (and not, for example, to the bank account) - it will work. The ShareHolder Platform was designed with this concept in mind - and this single restriction allows your company to GUARANTEE the share holder, that she/he'll get exactly what signed for.

Additionally, as some one purchases the "share" on a "secondary" market (which means buying it on a fair price and not during the fund rising), there is an additional guarantee that the price of a "share" will never go down. The contract itself becomes the warrant of the price stability, ensuring security to both service providers and users.