How much of POS block reward for Dnotes 2.0 goes toward the development of the currency? Is there a mechanism in the new coin to ensure that devs and or Dnotes Global gets residual income from the blockchain? Thanks.
Thank you, 1Hakuba. That is a great question. I will give you a general answer that is subject to change depending on final legal guidance. We have finalized our selection for a law firm to assist and guide us in our funding endeavor utilizing Reg. A+ Mini IPO under Title IV Tier 2. This will enable DNotes Global, Inc. to be legally qualified under SEC rules to raise up to $50 million from accredited and non-accredited investors. Under Reg A+ Tier 2, we can conduct general solicitation and worldwide marketing and not required to file state registration. Together with the launching of DNotes 2.0, this will be a game-changer for DNotes.
I strongly urge our community read up on Reg. A+ mini IPO and watch some of Laura Anthony's Youtube videos on that subject. She is our lead legal counsel: https://www.youtube.com/watch?v=Re1I9uVX9qsPersonally, I am convinced that she is the best for this project. As you may know, I am always committed to be the best in class. It is never easy or quick but the right way to succeed over the long-term. Sometime, it can also be expensive. The entire project is estimated to cost $500,000, including auditing and marketing.
Now, to answer your question, based on our current thoughts (subject to change), at the launch of DNotes 2.0 an amount equal to the then current supply of DNotes plus 10,000,000 additional Notes will be mined for the 1:1 coin swap. The 10,000,000 DNotes will be gifted to DNotes Global, Inc. for its support of DNotes, including software development. Ideally, the staking reward and the CRISP reward from the 10,000,000 DNotes will be sufficient to fund ongoing development, and, therefore, sustainable.
As the value of DNotes appreciates it also contributes to the underlining value of DNotes Global. As you may know, DNotes the currency owns 25% of DNotes Global, Inc. as a for profit company, incorporated in the State of Delaware. Over the long-term, all our projects, including blockchain and consulting projects are based on viable business models - it must be profitable and sustainable. I hope this sufficiently answered your question.
2018 will be a very exiting year for DNotes. We are uniquely different from our industry peers. Our next biggest challenge is get the words out. It has been a long time coming. Very exciting time ahead. This train is about to take off. For those who are new, start reading up about DNotes. The DNotes Story is a BIG BOLD project of global scale.
In my first 5 minutes of looking into Reg. A+ mini IPO, I came across this:
Cision® And Crowdfundx To Host Reg A+ IPO Virtual Investor Conference On December 13 "Since launching the Virtual Investor Conference series in 2010, we have introduced over 700 companies to our growing community of 45,000 investors. We are excited to partner with CrowdfundX for our second investor conference focused on educating investors about Reg A+ opportunities and providing a platform for investors to engage with the founders of these high growth companies seeking equity capital," said John Viglotti, VP, Investor Relations Products and Services at Cision.
"Self-directed retail investors have demonstrated a strong demand for learning about and investing in Reg A+ deals," said Darren Marble, CEO, CrowdfundX. "It is our responsibility to educate investors on the risks and opportunities associated with investing in mini-IPOs, or buying their stock in the aftermarket. Retail investor participation represents the single most important growth factor in the industry, and we could not be more excited to partner with Cision on this timely conference."
"Reg A+ democratizes the investment process by allowing individual investors to invest alongside institutional and high-net-worth investors," said Sanford. "With Reg A+, companies now have the ability to directly engage with their community and create long-term shareholder relationships and value. OTC Markets Group is committed to making the Reg A+ process as efficient and transparent as possible by providing dealer-driven liquidity, streamlining the regulatory process for companies and distributing information to investors."
"This event will help create a clear understanding of the mindset of Wall Street and how to integrate the crowd into a methodology to create a successful offering," stated Mark Elenowitz, CEO of TriPoint Global Equities/BANQ®
full article -
https://finance.yahoo.com/news/cision-crowdfundx-host-reg-ipo-133500436.htmThank you, Chase. The actual number of companies that has successfully launched a Reg. A+ mini IPO is quite small - in the hundreds. I believe that it will become quite popular. Most of the companies are quite well established. DNotes Global, inc. is a rare case. In reality we have been preparing for it for a few years. The book and NextGenVC are very important to the valuation equation. Given the state of ICOs and our commitment in building a trusted brand will definitely play out to our advantage. I believe that cross ownership will be another important factor. We are uniquely positioned to offer the best of both worlds. Smart investors will have the opportunity to invest in digital currency (DNotes) and invest in a company's share (DNotes Global, Inc.) and benefit from a double play of two worlds - decentralized and centralized. I believe that what we are attempting is quite historic and news worthy.
In effect, we are creating a new business model for our industry to follow. As I have said before, we are building far more that just DNotes the digital currency. It is a fully integrated ecosystem to engage corporation and the common men and women, with the ultimate goal of gaining global mainstream acceptance.
BTW, I had a great conversation with Denver Dan today. It is always rewarding for me to meet our supporters over a lengthy and substantive discussion. Thank you Dan for the opportunity.