Post
Topic
Board Securities
Re: [BTC-TC] CryptX introduces the PETA-MINE
by
cryptx
on 28/08/2013, 04:28:31 UTC
The IPO is just asking for way too much BTC, I have a feeling this will go the way of Hosted-Mining and end up DOA unless the initial price gets lowered and is replaced by some money from the actual founder in order to get his skin in the game.

Our skin is in the game:

UPDATE 27/08/2013

We received some valuable feedback and updated our IPO details with the following:

For every share sold, CryptX will invest in an additional 20% of hashpower. All mining revenue from this additional 20% will go to public shareholders until the initial investment of 0.65BTC/share is recovered in dividends.


From "shareholder protection":

The IPO will prove successful with the sale of at least 30,000 shares. If fewer than 30,000 shares sell within 30 days, CryptX will refund the entire IPO to shareholders. What’s more, the fact that no shares beyond those offered at IPO will ever be issued means shareholders need not fear dilution of the value of their shares.