CRYPTOFOOD
What is cryptofood?Cryptofood will be the first implementation of an idea i have been building for a while which has been dubbed OPEN BUSINESS ECONOMICS put simply it is not just a new trendy e-coin, rather a new way to conduct business. Cryptofood will be its own economy, based on a viable business model backed by a for profit business. We are a small community of Traders, marketing reps and and hopefully bloated whale investors, my expertise lies in advertising where i have done projects for many fortune 500 companies like Directv, ARBYS and DISH NETWORK
CRYPTOFOOD will have a business similar to the bitcoin for pizza model, simple easy and allready proven viable. Where our idea is unique is in the fact you will be able to purchase any thing from your local takeout spot with your coin; eliminating the need to exchange coins for cash, and then buy dinner. In this business model employees will own their own franchise processing orders in their native language and being paid on a per-job basis. The scope of this project is truly global. All orders will have a 5% over cost surcharge providing the funds necessary to pay these employees. of that 5 percent, the order processor will receive 90% and the home office 10% employees will be paid (semi-WEEKLY) in our currency which can be directly traded for their native currency.
Open business economics, WTF?
Yes as strange as this may sound this is not an entirely new idea just a new new approach. A lot of businesses are co-op or employee owned. This is really no different, what is new here is the implementation of a business based economy where the currency is created by the business and pays out in its own coin. i feel this is the next level of crypto and sink or swim we are gonna pop the cork on this sucker. Hide and watch.
Now to the good stuff
THE COINCRYTOFOOD will be an sha-256 combo coin based off of a myriad style algorithm with the total number of coins being 100 Million. Each block will contain 75 coins with a block time of 1 minute. The coin rewards will halve every 120000 (apx 84 days) blocks and difficulty will re target every block. THERE WILL BE NO PRE MINE INSTA MINE OR NINJA LAUNCH. There is no ipo for this coin. We believe in de-centralized economies and do not want this coin in the hands of the few. We chose sha because it is energy efficient and the miners can be bought for less than 5 usd per gh at this time, making it easy and inexpensive for anyone to get into. you could get a 5 gh usb stick for 27 usd using less than 2 watts on minersource.net or a 200 gh antminer for 400 usd very cheap. The specifics are still in develpopment
THE BIZCRYPTOFOOD will be a de-centralized work at your own pace for profit endeavor. All employees will own thier own business and pay a nominal (10) percentage of fees collected to the home office for providing business. our service will launch 3 weeks after the coin is launched, giving the coin time to stabilize. First the business, and then the exchange will launch apx 1 month later. Cryptofood inc shares may be purchased in an ipo at .001 per share. there will 100,000 shares issued of these only 30,000 will available in this ipo the remaining 70,000 will be held by initial investors of these I (CHAIRMAN) will retain 40k the developer of software will retain 15k the initial investor will retain 10 k leaving 5k for bounties for things we need
all share holders will be paid dividends in CF for each share semi-monthly the total profits of the home office will be divided by 100,000 and each share will paid in accordance to that figure. use this formula P/100,000=d let p=profit and d = dividend so if we make 2000 usd a week the dividends would break like this semi monthly =2 weeks 2000 x 2 = 4000 4000/100,000 =.04 USD owner of 100 shares would get 4 usd twice a month or eight dollars a month at a cost of .001 btc (currently .45 usd) this investor would make his money back in 6 months ALL UNSOLD SHARES WILL BE DESTROYED so if we launch with no shares sold 75k will be the total number of shares in the company (5k for bounties) all shareholders will be delivered a certificate signed and witnessed hand numbered with amt of shares
bounties (shares)
10k for initial investor (5 btc)1k for website
1k for pool at launch (official pool)
1k wallet help1k major exchange (polo bittrex mintpal or cryptsy)
100
mandarin chineese translator100 spanish translator
100 french translator
100 Arabic translator
100 portugeese translator
100 blogger
100 x3 pro trolls
instructions for i.p.o.
send a pm to me
send btc here
15FDL8oMx6SCkjQSBp9dqmn8Z7541YhhNU
send new pm. Include the address you sent the bitcoins from
Include the txid
Include amt sent
(please note shares cannot be split or divided, take care to send whole millibits. Any remainder will be considered a donation and will not be returned)
notes by dev
I have used my real account for this project to show i believe in this project more info on me can be found in my newbie thread
https://bitcointalk.org/index.php?topic=552617.60 i am willing to provide my full legal name address and last 4 of social to any investor who buys 100 shares or more
THANK YOU FOR READING AND MAY WE ALL PROSPER IN CRYPTO
