Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - [ICO] NurveRhino - A Token ICO that Invests in Itself
by
ClockBug
on 21/08/2018, 23:18:46 UTC


Do you have certain perimeter for a business project to be declared as worth running? Like their bep, or pp, npv, or roi?

Great question... and the answer is no

The community makes that decision, via voting, discussion and then again by the 12 person team.

We provide the tools and the back end running of the system, so the community can control as much of the process as possible.

Personally, I see many traditional online businesses changing how they operate and instead of providing the full service, including terms, conditions and policy, and instead they will just provide the platform and let consensus make the decisions and not by an individual or a small group, such is the case with Zuckerberg and how quickly policy changes came into action after he was being personally grilled by congress... It should never get that far

And how will anyone speculate about how worthy a project is to be invested or not if you don't provide such perimeters? How would a "business project" lacking such essential info of their business health and still be appealing? I can't see how investors of the projects (those you said as people who are willing to give extra funds to the pool) would want to do that if they don't have any economic perimeter to calculate their future position.

Do you honestly propose a project and state a "well, hopefully this handcraft business project can give us some profit, or at least return what you initially investing... but we are not sure how long it will be. Possibly ten years from now. Maybe twenty."

And... I'm not really sure I got what you mean by zuckerberg, care to explain more?

The worthiness of a project is based on the presenter, their stats, market history reports and so on

If you have heard of Kickstarter, then thats is what NurveRhino is basing its functioning on.

The differences are that a Token is exclusively used.
The comunity vote on who can get funding as opposed to the Kickstarter method
12 community members are asked to oversee the business, again unlike Kickstarter

I will tidy up the explanations and more informative, so more of your questions can be answered.