Quote from: stornshadow on August 23, 2017, 10:03:26 PM

I have a few questions regarding this ICO.

(1) Assuming the top part of the whitepaper on page 17 is in USD, average monthly loan release is 7,745K. Int at 2.99% yields 231K of which up to 20% will be for the investors = 46K per month. Or ~555K for 2019. At max 50M HERO tokens, that translates to about 1 cent of income per token. At the current rate, each token ~$1.50... Is this correct?

(2) The whitepaper says "up to 20% of distributable interest income"... so it could be 0%? How is the actual percentage determined? Is it discretionary?

(3) Is the definition of "distributable interest income" as shown in the example on page 13 and not some accounting term that could essentially wipe this to be 0?

(4) Is there any protection in case of a buyout? For example, if PawnHero gets acquired by another company, does the new company have to follow the terms of HERO token contract? Or can they just say future distributable interest income will always be 0% since "up to" 20% will be distributed.

Any clarification will be appreciated. Thank you.

This was the reply posted on slack by David:

Thanks for posting this. Great to see how deep some people dive before the ask questions.

(1) It is the number of loans not a dollar term. So the calculations were made under the wrong assumption and are therefore wrong

(2) 20% but lawyers advised us to use that language...

(3) Will not wiped to 0%. 20% of the interest income

(4) Will need to get back to you on that one. Pretty sure the 20% would stay as part of whatever deal that might happen in the future.

Hope this helps. Please share also on Bitcointalk

stornshadow

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