So pretty much what i was saying, not like stocks at all, as i use my nrs coins to THEN buy stocks in future projects. According to your quote, that is still how things work. Explanations are incoming i am sure.
Hi SirSmokesALot,
As the "financial guy" for Noir Group, I felt that I could clear up some confusion regarding the future ownership of projects.
Each project will have it's own distribution, this can vary greatly depending on the initial investment, how much 'General Fund' (our intinvestment went into it, how much additional funding is required, etc.
For example,
If we have a big project that we have put 10 BTC into and we think we will need an additional 10 BTC then we are likely to do an IPO. Keep in mind that we will not do an IPO on every project, just the few big projects that will require a lot of additional capital that we can't self fund.
So we will have a distribution something like 20% general fund 20% NRS 20% IPO and 40% mining.
The 20% for the general fund will go to funding the development team as well as rewarding the general fund owners (angel investors).
The 20% for NRS will be based on just holding NRS in your wallet so just having NRS will entitle you to that share.
The 20% IPO will consist of us posting a thread to Bitcointalk.org inviting the general public to invest in that specific project. In order to invest in that specific project, the general public will need to contribute NRS to a specific address with that 20% being distributed based on that percentage.
The 40% mining will go to supporting the network.
So basically you are both right, please let me know if you have any questions.
Regards,
Logan
I appreciate the reply. This does help to aide my confusion a bit. It will be interesting to see how things pan out.
My only really big question left is how that 20% might be distributed among the nrs holders. The 5 million coins mentioned in the initial posting was for POW, what about POS? How many Total coins are we looking at? Or is that number constantly evolving as the Pow takes place at a constant? How do you determine who is entitled to that 20%? People who day trade are going to get screwed where long term holders are rewarded? (i don't day trade so that is fine by me, if anyone was curious) How do you determine which holders of nrs get that 20%? If i hold 1% of total nrs then i would expect 1% of that 20% based upon the information. Let's say last minute, before payouts i buy up 9% more to get more payout from the distribution, so now i am at 10% nrs, and get 10% of that 20%, but then sell them off back to my comfy 1% holding. Is that working as designed then or will it work in another manner? Thanks again!