Hello, I am sorry that there has been no official thread so far JRO the owner of Rebate has not had time to post one as he has a lot to do with other projects, Kronor etc. So I have been asked to take over with the Investor relationship. So if there's any questions or concerns I will do my best to answer them!
Name: BitcoinRebate Preferred
Summary: BitcoinRebate brings arbitrage and penny auctions together in a new, exciting and most importantly, a profitable way. BitcoinRebate leverages ZipConf to instantly deliver player Bitcoin to multiple exchanges.
What is Rebate?
(malware) is a blend of penny auction and arbitrage. Users bid on blocks of 10 bitcoin (powered by ZipConf) arbitrage opportunities against other players in 30 second windows. Under the hood, BitcoinRebate is a powerful arbitrage engine that uses ZipConf to provide instant execution and liquidity among all supported exchanges.What will the capital be used for?
The capital raised from the initial IPO will primarily be used for aggressive marketing and ongoing management, systems maintenance as well as further development of the underlying technology.
How do I invest in REBATE preferred?
We will be offering preferred shares in an IPO at GLBSE (BitcoinRebate Preferred) .The initial share price is 0.2 BTC per share. we will pay monthly dividends of 50% of the company profits from fees. This offering is for 25,000 shares. Out of these 25,000 shares, 10,000 will be held by management, founders or sold during the pre-IPO. What are the estimated profits of REBATE?
The current estimated profits are 2000 BTC per month, by the second month of operations, which is equal to 1000 BTC in dividends owed to the outstanding 25,000 preferred shares. This corresponds to an average of 0.04 BTC per share, or a 20% monthly return relative to the face value of the preferred share.
When will the profits be paid out?
Dividends will be paid to preferred shares on the 1st of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date.Contract:
Each preferred share has a face value of 0.2 BTC, and gives the holder the right to 1/50,000 of all fees collected by the BitcoinRebate service (“Issuer”), paid monthly (on the 1st) based on the prior months earnings. Shares have no voting rights. The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings to pay out a final dividend. The Issuer has the right to buy back, at any time, all shares issued, for 1.2x the price of the previous 120 hour average market price.
This information and any other information needed for a potential investor can be found in this Google Document: https://docs.google.com/document/d/1XDuigEcbq5rL1RP0frrBZ2rZ65fFz1phHUgKUYROOT8/edit
In there you can also find some sneak peak of the website
GLBSE link: https://glbse.com/asset/view/REBATE