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Showing 3 of 3 results by Pacificbit
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Topic
Board Announcements (Altcoins)
Re: BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack
by
Pacificbit
on 07/12/2017, 12:12:50 UTC
I am sorry.  I wanted to participate but I have tried understand the position of my country, Canada, on offerings such as this one.  It doesn't seem very clear, but it does seem they want to classify them as securities with all the regulations and registrations that would apply.  I'm not certain how that would affect me as an investor, but I don't want any tax complications that might result in case they decide to classify it as an unregistered security.  Thank you for welcoming me earlier.

I should have looked into this earlier so I could get your advice.
Post
Topic
Board Announcements (Altcoins)
Re: BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack
by
Pacificbit
on 07/12/2017, 01:02:37 UTC


Hi Pacificbit!

...


Thank you!  Your answer has been very helpful. I am still considering what I will do.
Post
Topic
Board Announcements (Altcoins)
Re: BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack
by
Pacificbit
on 06/12/2017, 11:26:00 UTC
Hi,

I like your idea but I'm still a little fuzzy about how the profits from the community investment will be returned to the investors.

I understand that you are looking for people who are committed to the community and have developed a Karma System which will provide value added opportunities.

For the token itself, my understanding is as follows.  Please let me know if this is correct.

By way of example, I invest one Ether and receive 500 BullTokens in the pre-sale.  Let's assume the community invests my one Ether and earns 10 Ether.  How is that investment returned back to me? My understanding is that your advisory board will petition the community to learn how to best distribute that 10 Ether.  Some of it will be used to buy back BullTokens and "burn" them, or permanently remove them from circulation.  As a result, the supply of BullTokens will become more limited and the market value will increase.  In that way my BullToken value will reflect profits received from the diversified investment in community chosen ICOs and altcoins. It's not a direct return, but an indirect return by limiting the supply of BullTokens.

I hope I understand this correctly.  I'm also wondering if this is a long-term sustainable practice.

Thank you for your help.