Quote from: KryptKoin on September 17, 2014, 06:16:57 PM

Marketplace Update

Okay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have.

Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders.

That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue.

Initially the profit share is calculated based on:

10000 KTK = 0.012% (taking into account the full 17M)

The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively.

Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets.

Anyone who would like to take part in the profit share will register their address, and then it can be tracked.

All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out.

The start date for paying out dividends will be finalized after the MP is live.

If anyone has suggestions/ideas how we can automate the process, please don't be shy! Wink

Quote from: KryptKoin on September 17, 2014, 04:02:56 PM

I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days...

Launch date for the MP is Monday 29th Sept.

Launch date for the MP? What do you mean?