Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [NEW] XCloudcoin | Profit Share | XCloudIM Google Play | 1 Million coins
by
HoldTheLine
on 06/09/2014, 02:20:19 UTC
So i was thinking 4%, 8% and 10%

No .. Now you're making three different CLD coins  Shocked Shocked

ICO investors get 14% Profit Share Percent for 10,000 CLD  
Non ICO investors get 14% Profit Share Percent for 20,000 CLD

Keep the Profit Share Percentage the same for everyone
Just change the number of CLD required to distinguish between ICO and non ICO investors

Triff ..

Seriously? The Dev gave a fair solution.

As someone who could of taken the ICO up but didn't, I think those with the balls to make that sort of commitment should be rewarded rightly so.

Life's a gamble.

It is NOT a fair solution, nor is it a legal solution. It is sound law in the USA, Canada, Australia, New Zealand and Great Britain that ALL shareholders (all those who hold CLD) are to be treated equally and when dividends are paid out they must all be paid out at the same rate per share.

The ONLY way around this is to create two different types of shares - or two different 'coins' in this case - One coin for ICO holders (CLD #A) and one coin for everyone else (CLD#B). There is no other way to do it legally and since there is no way the Dev wants to create two different types of Cloudcoin there is only one legal solution - All shareholders must be treated equally; all CLD holders who meet the threshold will be paid either 10% or 14% of the profits.

Like it or lump it - that is the law and if this coin has ANY chance at becoming reputable and used throughout the world it must abide by the law sooner rather than later.