Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] OROCRYPT – Digitized Precious Metals On The Ethereum Blockchain
by
OrocryptSupport
on 21/05/2017, 22:43:05 UTC
What is the need for voting rights if the founders have ~68.3% majority?


According to the general information, the company has two classes of shares which will be allocated in a definite way. 45% of Class A shares are being offered for sale. 24% are held by the board as Class B shares. Other 31% are reserved for a future employee incentives pool, finance, bonuses, compensation and etc. Both classes have identical economic benefits and what is more, the holders of our Class A common stock and Class B common stock will generally vote together as a single class.

If you meant something else, please specify, how you calculated 68%.