I have a question to the community. What is the best way to pay out profit shares to all stakeholder? I have my a good solution in mind, but I want to get your feedback too.
a) Direct profit payout to account
b) Buyback on the market
I stated before that my biggest concerns are that exchanges like Poloniex. What if they will not pay forward the profit shares to the rightful owners? Lets us assume we pay 0.10 USD per BlockPay token, and share drop that to all holders. How can we do that on Poloniex or Bittrix?
How are other coins doing that part? Ethereum, Plutos, etc.
Chris,
Three things are necessary to see the tokens 'successfully' appreciate:
A. Underlying businesses should prosper. (You should focus on this, and then broadcast the successes and milestones in order to generate interest & excitement.)
B. Issue a token with a finite issue. (You have too many tokens on the shelf - look for excuses to burn them, in a verifiable burn account.)
C. Have the token intrinsic to the function of your product, or have them share in profits in a predictable, contractual way - this is what you are enquiring about.
My initial thought is that, at this early stage you really need all cashflow to continue to grow, so frankly you don't have cash to give back to token holders. I would like to see you focus thus:
A: Grow the underlying business, and brag/publish your success milestones in order to facilitate token price appreciation.
B: Burn excess tokens as aggressively as you dare - and tie the burn rate to Blockpay++ expansion, if you like.
My 2.
I like this. I definitely think you guys should focus on the business first and forget about profit sharing. Use those profits to burn future coins (aggessively as stated) to get the total number down. I agree that ~99 million is too many tokens for the value to take off.
This way you don't have to worry about the exchanges paying it forward, because in theory you will be by reducing token count and increasing prices.