Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] SONM: Supercomputer Organized by Network Mining
by
sylph93
on 16/07/2017, 08:02:48 UTC
SONM should NOT use term 'dividends'
That's why ICONOMI change their profit distribution method from 'dividends' to 'buy and burn'.
Here is their announcement.

https://hackernoon.com/the-iconomi-burn-crypto-buybacks-f9edb30530fe
https://www.reddit.com/r/ethtrader/comments/65hi0x/which_upcoming_ico_tokens_pay_dividends/


Would it change their legal status if they start paying dividends?
I read somewhere that, dividends would make it similar to stocks.

I prefer dividends though.

US exchanges (Bittrex, Poloniex) will not like dividend Token. Because SEC will likely to recognize dividend token as security.
US citizen may pay dividend tax as well. So, simple and best way is not using dividend as profit distribution method.

Look Iconomi, they also had same dilemma and found solution.

Just use term 'master node' for SONM hub.