Global Disruption Fund (GDF)| Algorithm | Ethash |
| Type | Proof of Authority (PoA) |
| Network ID | 711 |
| Pre-Mine | 4,659,895,656,595,965,632,626,269,565 GDF (the most possible amount!!!) |
| Global Wallet | TBA |
| Circulation Wallet | TBA |
| Price | 1 GDF = 1 USD |
| Initial Launch date | around May/June 2021 |
Purpose:The purpose of GDF is to disrupt all the traditional systems that have been abusing the world for the past 100 years, and posing a serious opposition to the greed of super-global private companies, by raising enough funds to acquire real and essential businesses and global resources. With less than 1% of the world’s population controlling over 40% of its wealth, and 60% of the population living on only 2% of the wealth, and no real effort is done to change the scales, the only way is to pose real financial power that can compete and break the global self-serving economic system. All people within their life time should be able to have proper health, proper education, proper housing, proper clothing, and simply a proper life that they enjoy. We are not talking about jet-planes and yachts, but to be able to live their lives not worried about the simplest of human living rights.
GDF is proposed to do just that … act as a global multi-national fund that works for the people, not for profit.
Pegged to the USD, every GDF sold, will be directed to investment in real life products, to acquire firms, farms, supermarket chains, natural resources, factories of all kinds, research labs, schools, everything and anything, and it will do that all over the world! And the best part is … every single GDF will be a stock in that fund. But you won’t make a profit out of it, this fund will work to take over these businesses and operate them to produce the absolutely minimum profit margin that will cover just its operation and future development. And again, you as a stakeholder with your GDF’s, will have a saying in how everything is operated.
Let us say that 1 million GDF’s are sold, which equal to 1 million USD, and there is a farm in Europe that is for sale for 100k USD, a tech company in the US for 200K, a chain of supermarkets in Latin America that is sold for 300K, GDF will work to acquire these and run them. Now let us say 100 million GDF’s are sold! Or 1 billion, or 10 billion, a trillion …. Little by little GDF will own services all around the world!! And they all work for you.
Now let us say that these firms used to over-price their products with something like 30-40% profit margin, of which only 5% went back into the company, and the rest goes into the pockets of the very few shareholders. With GDF this will change!! There will not be 30% going into the pockets of a handful of people, but it will go to reducing the price of goods and services being sold. The only profit margin that will be made is the one necessary for the expansion of that establishment, and the enhancement of the people working in it. And again, little by little, GDF owned entities will start popping up all over the world, with a new business model that works for the people, and not the 1%!! And little by little, people around the world will find more and more sources where they can get their products for fair (the actual cost) price, and little by little, the people will have a fair world!
If you want to learn more about global wealth, google “Credit Suisse Global Wealth Report”, its free online for all the past years, and look at the “global wealth pyramid” on page 29.
And if you want to know more about me, this is a simple read
(for free) The Evolution of Humanity .... I'm not trying to promote the book here, but with this very ambitious idea that I'm proposing, I felt that this will help establish some sort of comfort, to know more about me!
And my initial project:
SPXTek OUI will update with more details over the coming weeks.
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The Mint Wallet (Wallet Zero): is the wallet used to initialize the chain, and hold the total amount of coins that will ever exist on the chain. It DOES NOT represent the Market Capital of GDF. The Market Capital of GDF is valued by the circulating amount of coins, which can be calculated by the value of the Original Mint Wallet (at initialization time) minus the current ....
The Central Wallet (Wallet One): is the wallet used to hold the coins that are going to be circulated. It's a buffer wallet between the Mint Wallet, and the user's wallet. Coins will be transferred from the Mint Wallet into the Central Wallet, based on the demand of users. The Central Wallet will always try to maintain a sufficient amount of GDF to satisfy the demand. The volume of GDF in the Central Wallet DOES ALSO NOT count as value in the Market Capital of GDF.
Market Capital: the market cap of GDF will be calculated as the value of
only the circulating volume of GDFs. That is: the Original Mint Wallet volume at initialization time - (the current Mint Wallet volume + the current Central Wallet volume) = the actual circulating volume.
Example:Mint Wallet at initialization time: 1,000,000 GDF
Current Mint Wallet: 900,000 GDF
Current Central Wallet: 99,990 GDF
GDF Market Cap = 1,000,000 - (900,000 + 99,990) = 10 GDF = 10 USD (and not 1 million USD)
The Trading Wallets (Asset Wallets): GDF will be exchanged against four crypto assets: BTC, ETH, BCH, and ETC. Four wallets will be set, one for each assets, which will be used for the distribution of GDF. Pegged to the USD, and valued at 1 USD, each GDF will be exchanged at the equivalent amount in one of the above mentioned crypto assets. If one would like to acquire 15 GDF, and the value of ETC is 15 USD, then a trade will be made where the user sends 1 ETC and will receive 15 GDF. If BTC is at 50K USD, then that will equal to 50K GDF. These four wallets will have fixed and publicly know addresses, which users can easily check the transactions that are made on them.
Market Value: While the Market Capital is valued as was described earlier, the real Market Value will be set by the total value of assets kept in the Trading Wallets. Each GDF released in the market, was released in exchanged for its equivalent value in one the forth set crypto assets. The assets have a fluctuating market price. Therefore, while 15 GDF could have been exchanged for 1 ETC (at 1 ETC equals 15 USD), when the price of ETC goes up or down, so will the value of the ETC Trading Wallet, and with it the REAL Market Value of GDF.
Example:One buys 15 GDF with 1 ETC at 1 ETC = 15 USD.
The ETC Trading Wallet will have 1 ETC in it, and it's market value will equal to 15 USD (perfect, all is balanced)
If the price of ETC goes up to 16 USD, then the ETC wallet that is holding 1 ETC in it, will now be valued at 16 USD, while it was exchanged for 15 GDF, which are valued at 15 USD. The balance now is +1 USD over the Market Cap of GDF. Same goes for if ETC price falls to 14 USD, then the balance will be -1 USD over the Market Cap.
This Balance will also be made made public at all times, and it will show the real position of GDF in terms of it current market value.
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The Vote:Every GDF distributed is a share in the fund, that counts as a single vote in how the fund is invested. In its basic form, that is very well, but what if a single user held over 50% of all the distributed GDFs out there! Then this user will control the vote every single time!! A voting formula will be devised that considers both the user's stake, and the totality of the user's, by which the votes cannot be manipulated by whoever holds the highest amount of GDFs.
Example:- 100 users hold a total of 100k GDF.
- 1 user holds 60k GDF, and the remaining 99 users share 40k GDF between them. What do you think a good balanced voting formula could be applied?
- For sure, one that takes into account the equal voting weight for each of the 101 users, but also considers the amount of stake that each of those users have put into the fund!
How about?- The total number of users (the 100) will be given 60% (or 75) of the weight in the vote, while the remaining weight will be given based on stake!
- Putting this into the numbers:
- 100 GDF distributed on 100 users
- 1 user holds 60 GDF,
- while 99 users hold equals amount of the remaining 40 GDFs
- If we consider the “users count” as controlling 60% of the vote weight, then
- each user will have 60 % / 100 users = 0.6 vote share / user
- The remaining 40% of vote weight will be based on the user’s stake:
- 40 % / 100 GDF = 0.4 vote share / GDF
- 1 user holds 60 GDF = 60 x 0.4 = 24 vote share
- 99 users hold 40 GDF = 40 GDF / 99 users = 0.41 GDF each x 0.4 = 0.164 vote share
- The weight of each user in the vote will be:
- The 1 user with 60 GDF will be: 0.6 + 24 = 24.6 vote share
- The 99 users will have each: 0.6 + 0.164 = 0.764 vote shares each
- In this scenario the user with the most GDF will have a higher vote weight, yet will not control the entire vote every time. The user with the 60 GDFs will need around 46 other GDF holders to obtain a 51% of the deciding vote!
The Voting Formulauser’s vote share = ( 60 (%) / [No of user] ) + ( ( 40 (%) / [ total circulating GDF] ) x user's GDF )
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The Initial Investment PlanThe main purpose of GDF is to acquire real life assets, and in order to do that, capital must be built!
So what happens until the least required capital is reached?
While BTC and ETH are a good and stable stores for the keeping the capital, still it is always a good idea to have real life assets in the portfolio ....
GOLD!
The initial store of capital will be stored in BTC, ETH, and REAL GOLD, with 50% in crypto and 50% in Gold.
The crypto stores will be there for those who wish to "opt-out" of the fund, while gold will be the secure store of capital.
Until enough capital is reached to start acquiring real world assets (land, firms, factories, etc...) all based on the GDF users vote!
