is it clear how contributors will be paid back? once you have established how the project makes money, how does a contributor get some of it?
Dear MaoloSam, thank you for your question. Here is an excerpt from the
Whitepaper about dividends and token repurchase (p.27):
DividendsOnce SafeCrypt exchange is fully functional, the major token holders will receive monthly dividends in accordance to the amount of tokens the investors hold. The dividends will be distributed monthly among the biggest token holders from the moment of SafeCrypt.io platform official release.
The minimum amount of SFC tokens the stakeholder owns must be 1% of total token supply or more in order to receive dividends. The value for dividends is calculated from net operating surplus.
Thus, let's say that having generated $13,8mln of income from fees (calculated based on the Optimistic Prediction of 9.6% of market share, refer to p.26 of the Whitepaper), SafeCrypt.io has $10mln of net operating surplus. A stakeholder owning 1% of total SFC will gain dividends equal to $100000 each month ($100 thousand monthly).Token RepurchaseStage 1SafeCrypt will initiate the repurchase process of the tokens sold during the crowdsale 6 months after the ICO is over at a price of 115% of the initial value in order to stabilize the market price and compensate for the sale bonuses. Every investor will be able to benefit at least 15% of their investment by simply selling the tokens on the market.
Stage 2After the official release of the exchange platform SafeCrypt.io will initiate the second phase of token buy back at a rate of 200% of the initial token price. Note: The buyback process will guarantee the minimum token value on the secondary market and will enable the SFC token holders to benefit directly via trading.
Thus, to be eligible for dividends a contributor must hold 1% or more of the total amount of tokens issued. The dividends are paid in a form of ETH, BTC or other major cryptocurrencies directly to a contributor's wallet (by default, the ETH wallet address used by a contributor during registration). Note that all the unsold tokens will be burnt, therefore the 1% of total tokens left might be much less and with all additional bonuses investors will be able to save a lot. We remind you that up to 27.4% of the tokens will be available for the whitelisted backers. The special presale for those who get whitelisted will last for 24 hours only. Bonuses for early backers will be x3 of those available for the rest of the presale phase.
Hopefully that answers your question,
Thank you.
