Quote from: aeron on September 02, 2017, 10:02:40 AM

Quote from: ICOHunt on September 01, 2017, 10:38:27 AM

What will funds raised be used for? Thanks

Such tokens paid for writing data to the Aeron Register will be stored in a special
rewards smart contract on the Ethereum blockchain. These aggregated amounts of
tokens will be paid out to the token holders, proportional to the ARN owned. The rewards
contract will generate a token distribution snapshot every month and distribute
rewards according to the snapshot.
Such snapshot is permanently stored in the
blockchain, so anyone can verify th
at rewards were distributed correctly.

Ok understood. So i give you ethereum. You give me ARN tokens in return. You then don't do anything with the ethereum i've given you and on a monthly basis you pay me back x amount of the ethereum based on how many ARN tokens i have.

So basically i lend you my ethereum at 0% and take on price risk in the underlying ethereum? Please let me know if I am incorrect in my understanding.

Wanting to know what you will do with the ethereum raised and how that will be spent. Assuming you are raising money in order to deploy your business model. So how will you use the funds raised to make that business plan successful? Thanks