Hello, holydarkness!
We just answered the colleague in a summarized way what he had asked without going into more details.
The project has all the information in its whitepaper and also on the website.
Obviously the raised fees have different destinations as rewards to the holders, increase of the liquidity pool, part of the fees so that the project can be executed, automatic burns and a part to remunerate the developers.
I should remind you that all the costs for the implementation of everything that has been delivered so far by the project until the beginning of the pre-sale was exclusively paid by the developers themselves, such as costs for opening and registering the company and the brands Paycoin Solutions, Pspay, costs for building the websites, the Psfly platform, fees for the accounting profissinal, social media staff, outsourced services and among others.
About your second question, any company has its owners and, as always, they are the ones who develop and assume costs and risks of the business, so, as in traditional stocks, developers have a slice of the company, which in this case is 10%, something perfectly normal, even more so in the crypto environment.
We must remind you that the more transactions there are, both buying and selling, the more fees will be divided as specified.
On "what is the project execution, exactly?", this portfolio (project execution) that receives the fees is intended only to fund expenses for the development of the project. Want some examples? Paying taxes, office rent, fees for the accounting profissinal, social media staff, hiring employees to develop and help with the programming, after all we have a lot to create like a marketplace, a mobile app that is compatible with android and ios, building a swap, blockchain and game and other services that need to be outsourced.
As you can see, there are many things to develop in the long term, logically, it is impossible for only 5 or 6 people to accomplish this alone. As the project grows, the more we must invest in qualified professionals to help us deliver what we set out to do.
I hope we were able to answer your questions, and if you still have any questions, feel free to ask us. It will be a pleasure to answer them.
Best Regards,
Paycoin Solutions Ltd Team
Hi.
Didn't mean to be rude, but if I may be blunt, this is basically what every other projects do. They funds the initial preparation of the project they're going tp offer, e.g.: company licensing, website building, and other necessary aspects for the bare minimum requirements prior to offering their platform for crowdfund, and the remuneration they got is the percentage of the total supply only --namely, that slice of the company, the 10%-- without the additional continuous flow of "passive income" generated from percentages of every transaction fee.
Hello!
We don't think it was rude of you, you can question it quietly.
However, in response to the terms used in your answer: "but if I may be frank, this is basically what all other projects do." we are not doing the same thing that other projects have done, because most of them are scams and have invested almost nothing to fool possible investors.
We developers had significant expenses for more than 1 year developing and adjusting several things.
There are monthly costs with accounting, meeting platform, contract signing platform, social network management professional, costs with the registration of the Pspay and Paycoin Solutions brands in the trademark protection organs in Brazil and several others. It is not fair to put our project on the same platter as other projects.
Furthermore, the 10% of devs works as follows: if a dev wants to sell a part of his tokens he can only do so if authorized by the other devs.
The % coming from the transaction fees serve minimally to remunerate the devs while they work on the project, after all, we intend to fully focus on the project and get out of our current jobs, but we all have family and bills to pay, so this small part would have this purpose, since we cannot dump our tokens on the market freely since this is in our contract between the devs to preserve the project and even the other devs.
Sincerely
Paycoin Solutions Ltd Team