escrow?
slack?
i dont understand the system, the investors can vote on projects, what can the 7 directors do? and how a 7 directos democrazy?
slack?
i dont understand the system, the investors can vote on projects, what can the 7 directors do? and how a 7 directos democrazy?
answer pls
Yes the investors can vote on the project
The boardmembers has elimited power and are elected by the token holders. Please read the whitepaper about all the details.
Board of Directors
The elected Board of Directors (B of D) is able to make most governance decisions on behalf of the shareholders.
Board members are compensated for the tasks they perform and are rewarded when their decisions lead to profit.
Democratic
Ultimately, the power lies with the shareholders: through voting on proposals and the votes of elected board members.
strange system, and how do shareholders get rewarded?
lolvoting is not a reward, its an effort, i ment do they get any revenue or stakes?
The token is like a share in a company, DCORP in this case. It allows to vote, entitles to dividends and can be traded through exchanges or by sending it to another ETH address directly. The derivatives exchange is owned by DCORP, any fees it collects from paid premiums are transferred to DCORP automatically. The profits along with the remaining 51% of the raised Eth which remains in the contract can be used to fund future projects, we aim to enter into joint ventures with other developers / entrepreneurs, providing technical, legal and marketing experience. We believe that the prospects of growth and dividend can boost the DRP token.
A more detailed description is in the whitepaper