Post
Topic
Board Announcements (Altcoins)
Re: [ICO] Primalbase: Distributed Workspace for Tech Community - June 26
by
bitcoin_newbie
on 19/06/2017, 12:30:11 UTC
Hi all. I can see this project having great potential. But there is one thing which I can't get my head around - 250 tokens for management? Imagine in a few years time, Primalbase becomes as popular as bitcoin or even more and the price reflects the same. Because there are only 1000 tokens, each token will be worth equivalent to 21000BTC. So 250 tokens = 250*21000BTC = 5.25 million BTC (whattt??). And that kind of money will be in the hands of few people? Sounds very very scary. Sorry if I missed something here.

Of course, there is the elements of fluctuation and speculation involved. The funds are transparent and will be at the disposal of members of the advisory board. These will be used, for example, for social activities for the tech community. Also, to reinvest to create more venues with bars, restaurants, event spaces and so on. Parts of the profits will be distributed among token holders.

Thanks for your kind reply. Makes sense if you are going to invest such HUGE money in the future in creating venues around the world. Good luck.