Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ERMIS (ERM) |The Merchant Coin| Proof of Investment |LIFETIME SHARES
by
lionheart78
on 21/10/2014, 10:15:00 UTC
I have some simple questions about PoI.

(1) How the share of profit will be paid to the ERM coin holder?
1.1. How many times of profit sharing per year?
1.2. Dividends In what currency? ERM or BTC?
1.3. How to pay the dividends to the ERM coin holder

(2) After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.


thanks for asking this question actually we have two kinds of paying dividends for IPO investors since we have dual profit sharing program.
But let me answer first your queries

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(1) How the share of profit will be paid to the ERM coin holder?

It will be paid by sending your profit sharing to your registered BTC address in our IPO Investors List (assuming the coin holder is an IPO investor)

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1.1. How many times of profit sharing per year?

We have two answer for this;
For mining payout share we plan to distribute the share bimonthly (24 times per year)
And as for the Business Profit Share plan  we are to discuss whether to give it quarterly or semi annually

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1.2. Dividends In what currency? ERM or BTC?

It will be paid by BTC

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1.3. How to pay the dividends to the ERM coin holder

ERM coin Holder have share on the bought ERM by the Buy support program of ERMIS and they are to be distribute monthly. So basically They are paid with ERM. They dont have part on the Profit Sharing Program of ERMIS


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After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.



3)
Two more questions

(3) Concerning escrow for IPO, why escrow with bitcoin multisig is not used?
P.S. It is more safe and protecting IPO investors using a payment using multisig bitcoin address (those btc address starting with "3").

(4) Is your company a registered company? If yes, please provide the registration information and the proof.
P.S. Only a registered company can do real business.

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(3) Concerning escrow for IPO, why escrow with bitcoin multisig is not used?
you can pm the escrow for this, it was just given to us but am sure Dabs have a better way to secure the address

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Is your company a registered company? If yes, please provide the registration information and the proof.
P.S. Only a registered company can do real business.
this has been answered several times pls refer to this post:
https://bitcointalk.org/index.php?topic=822443.msg9245420#msg9245420
https://bitcointalk.org/index.php?topic=822443.msg9250658#msg9250658

We will  register a company under ERMIS BANNER and do all this stuff under its wing and will publish the registration license and address of the company where it is

Thank you and hope i answer your question.
Note:
IPO investors and Coin Holder have different benefits