Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - [ICO] NurveRhino - A Token ICO that Invests in Itself
by
ClockBug
on 16/08/2018, 17:16:59 UTC
I am impressive by your slogan : "A Token that Invests in Itself", it is very interesting,
but, when I read your annoucement, I don't understand too much about your idea, Pls help me by make more clearly about your project.

Simple Explanation

A Token [RHINO] is created and sold via Crowdsale
The Token operates and trades on Exchanges as per any other coin

The Platform is the website that uses the token as a service.
Users can submit a business idea on the platform
Users then vote on the business they want to see funded
The Platform generates a list of 12 names from the Platforms member base and asks them if they would like to be ChairPersons





From the initial 2.5% reserved tokens and additional future profits that are in the Funding Pool, those 12 ChairPersons make a formal request to the platform for a FIAT funding amount.
The Platform uses available Tokens in the Funding Pool and converts it to FIAT at the best possible price (This is 1st way it invests in itself)
As the Business Project proceeds and is put together, that business is expected to make profits.
Those profits will be is FIAT
Profits are sent back to the Platform and are converted from FIAT back to RHINO Token at the best possible price (This is 2nd way it invests in itself)

A small % is kept by the platform and added back into the Funding Pool
Any user that privately funded the project (Is done on the platform) receives dividends



If the Business is voted by the community to be privately sold off, the sale is then split up and paid out as dividends to those members who invested.



As the sale as FIAT had to be converted back to RHINO at the best price, those users who only want to hold RHINO without being involved on the Platform side of the business, should see good volume and a healthy trade valuation Smiley