Post
Topic
Board Bounties (Altcoins)
Re: 🚀🚀[BOUNTY][15M RGX]REGIXIUM: GLENCORE OF CRYPTOWORLD🔥🔥
by
nhatnhatkhongnhi
on 09/08/2018, 15:56:44 UTC
Any tokens not allocated to investors, founders or the company shall not be created. In other words the
maximum token number can never exceed 150 million, whereas investors participate with 75% or a maximum
of 112,500,000 tokens, founders participate with 10% or a maximum of 15,000,000 tokens and the RGX
company holds 5% or a maximum of 10,500,000 tokens (e.g. for the remuneration of advisors).
The tokens carry voting rights. From time to time, when Regixium has to take strategic decisions
regarding mining operations, the company will bring these decisions to a vote with token holders who
have the right to veto the company’s proposals. A voting process will be installed based on the RGX
token’s smart contract.
The tokens carry the right to receive dividends from the mining operation. Dividends are calculated solely
on the basis of the net profit of the mining operation. They are not based on Regixium profit and loss
statement (P&L), which might carry risks not related to the mining business. The RGX business model
for mining has two components:
1. Core operations where RGX invests in, owns and operates the AMM's. Token holders are the
100% beneficiary of the earnings of operations.
2. Proceeds from Trading Platform.
3. Earnings of RGX Crypto Bank are divided on pro rata basis.
Earnings in Core Operations are comprised of the total revenue minus operation costs: such as, but not
limited to, costs for electricity, rent/land lease for containers, hardware replacements to ensure the
continuity of RGX's mining operation, depreciation and a handling fee for the company’s overhead. The
calculation of earnings in banks will be given out on pro rata basis.
7
8
Earnings will be distributed weekly on every Friday 12 PM GMT.