Quote from: Hendrik1985 on June 24, 2017, 03:16:45 PM

Quote from: Baofeng on June 22, 2017, 05:05:24 PM

Interesting find: https://urbancrypto.com/dcorp-drp-derivatives-exchange-profile/

The following message was send to the owner of this blog:

Hello,

I noticed that you wrote a post about DCORP, thanks for looking into our project! I like the post!

https://urbancrypto.com/dcorp-drp-derivatives-exchange-profile/

The post does not leave any room for us to reply, we'd like to clarify any things that need clarifying. Everyone in the team is as transparent as possible, as are the roles described in the whitepaper.

1) Who has the real power, is it the Board of Directors or the Shareholder?

The shareholders, it is mentioned multiple times in the whitepaper "ultimately the power lays with the shareholders" and "the B of D has limited powers". The shareholders decide what happens, the B of D decides on the execution as a safety mechanism to prevent DAO like abuse.

2) The Founder, as mentioned above, has the voting rights of two board members. In the event that one of the board members is not available to cast their vote in the time necessary, the Founder acquires the weight of that vote.

This is not the case, the voting weight is only forwarded to me when a member of the B of D is in the non-active state, also a safety mechanism.

3) DCORP lists their team on their site, mentioning how many years of experience they have in the technology industy. It seems a bit vague to me as to what their actual accompllishments are, so I suggest digging deeper if you are interested in this opportunity.

Digging deeper is always good

All our social profiles are listed and there was some extensive research done by Reddit users.

4) The main question is the people behind the project and the true power that the non-elected FOUNDER has.

Please note that I've setup the token and crowdsale in a way that it is autonomous (I don't have control), there is no unsold amount of DRP, not a single DRP token has been given away for free, no bills are paid in DRP, no hotshot marketing guy was promised DRP for exposure, we funded the whole campaign fair and square.

Besides that, the transfer of token ownership (which also releases 51% of the ETH raised to DCORP and initiates the incentive for the dev team which is distributed over a 4 year period in order to ensure continues development) from the crowdsale to DCORP is subjected to a shareholders vote. This should indicate that my angle is not having true power, the reason for this construction is to be able to have some influence in case something goes wrong, without having absolute power. It's a trade-off between a fully democratic process and security. This strategy allows the token holders to have a say in the actual deployment, there are not many devs doing that.

Please understand that DCORP is my baby and I intend to take care of it

Kind regards,
Frank Bonnet

I 100% agree, every investor MUST execute due diligence before investing in any project but as DCORP is a pioneer, rather than a copy cat, this is what gives me a the full confidence in the Team and project that they will be able to pull this off big time, especially as they have no competitors at present.