Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XDRAC] - Drac, a safe coin for a daily use
by
ivaxmm
on 27/02/2017, 15:27:41 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'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)


YES

Questions:
if 600k shares will become 100% of the total share, then what will be the 94% sold to exchanges ?

- This procedure will be only at the begining, once 94% is sold and profits distributed among the first holders, the 600k coins will become again 6% of the total. because new buyers/holders will enter to the market through the exchanges.

what will be the incentive to buy the 94%?
it will give you the same rights as the other 6% had at the begining, future dividends from the profits and voting.

how are you going to generate the profits?
once we get the profits from this 94%, and distribute them, we have a business model that you can read in our whitepaper. (At the end)