Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XDRAC] - Drac, a safe coin for a daily use
by
andrew2k
on 27/02/2017, 15:26:16 UTC
so you will only be sold on the exchange and after that go to bring BTC without redemption, so?


well, as I just said, we will get our %, but dracshares holders too.

at the begining it will be like this:

94% to exchanges
6% team + users

profits from this 94% will be distributed like this:

6% will represent now the 100%= 600.000 (as all the dracshare holders will have tokens from this 6%), so:

If you have 1 dracshare, it will be 0.00016% of the profits from the 94% sold.



I'm not sure if I get it correctly:
-you're going to sell 94% of the initial supply on exchanges, and then
-start generating profits out of the collected BTC
-distribute the profits to holders of 600k coins (which will become 100% of total shares)

Questions:
-if 600k shares will become 100% of the total share, then what will be the 94% sold to exchanges ?
-what will be the incentive to buy the 94%?
-how are you going to generate the profits?

I believe it behaves just like the shares of any other company. In the beginning there are 600k shares but after all the other 9.4 millions are sold basically everyone's shares will be diluted. It's like a company issuing new shares I believe.