Quote from: btchard on January 21, 2018, 01:38:43 PM

Hello,

the overall concept looks interesting. But i think i am in need of a clarification to the profit possibility for investors.

1. Is the overall value behind this coin solely in price stability?
(ICO / Cryptos are bought nowadays to seek profit for when a crypto rises due to influx of money. Based on your concept, the price variance would be kept ≤ to the oil barrel price.)

2. Fees: 1% fee for each transaction that goes to the foundation relative to the 10% incentive for transactions.
Example: Oilcoin has assets worth 100.000.000$ (lets say oil barrel = 66$ = 1515151 Oilcoins ). 1% fee of 151515 Oilcoins are 1.000.000$ = 15151 Oilcoins. Meaning, that the investors buying assets worth of 100.000.000 will only get assets worth 99.000.000$.

The second thing, from where do you get the 10% incentive to give seller and buyers?
I took the bottom Rank 40 to Rank 100 coins on coinmarketcap and avaraged the 24h trade volume and got to the number: 15.300.000$/day in transactions.

15.300.000$/day = 1.530.000$ given as incentive to buyers ( if it is given to buyers and sellers, it would be 3.060.000$ in fees. ) every day.
Your fee of 1% from 15.300.000/day = 153.000$ but you want to give 1.530.000$ in incentives. Am i understanding something wrong? How do you make the math work?

3. Will the asset (oil) be used by your foundation for speculation? Any other trading, sales or agreements outside of the blockchain?

4. What are the companies you have contracts with to purchase oil?

I am interested in this coin, but there are open questions i would like to have clarified if possible.

Thank You,
Richard

P.S.: I created this account only to ask this question, as it is the first ICO that speaks to me, but i still have questions that are open ended. I don't try to troll or annoy. I seek just answers.

I would recommend checking the "Petro" project: The real one, not the scam coins...
www.elpetro.gob.ve
Or look for the thread I created.
Petro seems to be the perfect investment for your needs