Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SINGULARDTV (ETHEREUM) Sunday, Oct. 2 at 9am EST / 9pm GMT+8 (TIME UPDATE)
by
ICOcountdown.com
on 01/10/2016, 21:06:27 UTC
they are transparent. that shit is in the white paper. read before you speak.

I did read it, not alone either,....several times.

"THE VAULT
The Vault, which is owned by the Workshop, will hold 400 million SNGLS that belong to S-DTV Founders Zach LeBeau, Joseph Lubin and Arie Levy-Cohen.   Founders have pledged these tokens be locked down via smart contract system for   a period of 2 years. During this time Founders are restricted from collecting dividends or revenue and have pledged all revenue claimed by their 400 million tokens to be re-invested back into S-DTV to produce projects and grow the ecosystem.   Upon completion   of this 2 year term, SingularDTV Founders can reinitiate another lockdown or use the SNGLS in other manners befitting SingularDTV. Founders will receive commensurate compensation as budgeted on a per project basis to act as SingularDTV’s executive team.


REINVESTMENT POLICY
S-DTV Founders will lockdown via smart contract their 400 million SNGLS in the S-DTV Vault for a term of 2 years. Any revenue from these SNGLS will   be reinvested into the S-DTV projects outlined above in PROJECT   FUNDING. Upon completion of this 2 year term,   SingularDTV Founders can reinitiate another lockdown or use the SNGLS in other manners befitting SingularDTV."



Can is permissive....

2.
LAW
allowed but not obligatory; optional.

If you've ever signed I contract, you should be aware of the differences between "shall," "will," "may," and "can."  <---very important words in tort law....


I'm out!




They literally say they can use it for benefitting SingularDTV.