Ninjastic
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Board Announcements (Altcoins)
Re: [ICO] Primalbase: Distributed Workspace for Tech Community - June 26
by
benedictonathan
on 20/06/2017, 06:21:24 UTC
Quote from: Primal Base on June 19, 2017, 09:52:17 PM
Quote from: benedictonathan on June 19, 2017, 09:36:58 PM
Quote from: Primal Base on June 19, 2017, 12:23:31 PM
Quote from: bitcoin_newbie on June 18, 2017, 10:34:41 PM
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.

Parts of the profits will be distributed among token holders - meaning that the tokens that we bought can earn a profit ASIDE from the fact we can use the tokens to use the Primalbase tech facilities. Am I correct?

This is correct benedictonathan Smiley For example, renting a token to someone else will generate such a profit.


That is definitely cool. Thank you for clarifying this to me. Great to know that in cases where instead of using these tokens we can actually rent them to others (albeit contracts will be provided to solidify the deal) so that those who rent these token can use the facilities while we also get to earn from the monthly payments (depends on the contract, of course).