Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XRC]LAUNCHED RhinoCoin - A Decentralized Record Label
by
EBK1000
on 06/07/2014, 06:37:06 UTC
It will depend on a recording studio making money and that the company is still around in a year. It's pretty hard making a profit in the music industry as you know with free downloads all over the place etc. At the moment they value their company at $1.266.000,- (today's BTC rate) which is too high for a start-up. They are stating that they will pay 1% dividend on that amount which is $12.660,- per year so $1055,- per month. With overhead such as rent, salaries etc. they will have to turn over a decent sum every month to make it run.

What exactly will this money be spent on? Do they own the equipment?

How are new XRCs created again? and at what rate?

This still seems like a scam