CryptoCollab
As of now, our assets are for sale on the NXT AE. All the information you need is below:
Asset ID:14412895989966557751
Price: 1 NXT
DUE TO DISAPPOINTING SALES, PRICES FOR THE INITIAL 150K SALE ARE REDUCED TO 0.1NXTFor the bounties that are set for the initial sale, and some bonus bounties, please refer to our website.
We look forward to receive any contributions and start up this community with you!.
Ever heard the phrase: "You need money to make money?". This statement has proven itself over and over in the normal economics and global markets. In the first periodes of the rise of Bitcoin, this statement briefly appeared to be dated, but very soon it became clear that the Bitcoin market was not that much different of normal economics in it's workings. There is a significant difference however, the ability to provide microtransactions is unmatched. This, compared with complete anonymity creates a formula that opens up a new perspective on the way that economies could be functioning.
But with the development of mining rigs and ASIC-miners the mininggame soon became inaccessible to minor players. People that do not have thousands of dollars to spare for gear, or simply don't have the time or knowledge to manage mining rigs. So, how do we keep investing with Bitcoin interesting even for the more 'small-time' players? This is where CryptoCollab steps in. Our goal is to provide the means to fund larger investments with a pool of smaller investors, rather than one big stack of Bitcoin. Why, on a 3000 USD deal, we need one person to provide the full amount? Why not a hunderd people, each providing 30 USD? The deal can still be done, the issuer doesn't need a pile of cash and more people can profit from the deal.
What is the idea?Enabling users to invest in the ideas/plans of other users on the network. Providing a middleman that does NOT require any fees. The user issues a transfer of the requested amount to CryptoCollab. CryptoCollab in turn provides the accumulated amount to the issuer of the investment plan when the funding period ends, enabling them to start the investment. The profits of the investment will be transferred to CryptoCollab as well, then we provide the distribution of profits based on the plan that was made by the investment issuer. This mitigates the risk of users getting scammed by someone offering an investment. Most of the time, this service is provided in exchange for a fee of the invested amount. CryptoCollab does not require fees for this services, cutting out the middle-man overhead costs to maximize profits for it's users. CryptoCollab will rely entirely on donations to keep the services running.
How will we accomplish this?Providing a service platform using:
- A low cost forum (opensource based, like nxtforum.org)
- A simple webfront giving users the necessary information and news (again opensource, Bootstrap framework)
- Cheap webhosting
- Volunteers to provide coding, moderation and promotion
How will we accomplish initial funding?
To cover initial costs, like the registration of the domain, the webhosting and the creation of the services an asset is issued on the NXT network. People can invest by purchasing the assets, making them shareholders of CryptoCollab. Because we target a audience with less to spend, the first assets will be issued at the price of 1 NXT each. 300000 assets will be available, and 250000 of those for the initial funding. The other 50000 will remain in possession of the assetholder and will be distributed in the first month after the launch, ensuring a base of income during the startup period.
Of course, any profits made from the assets themselves are distributed to the assetholders as well.
Distribution of profits:- 60% of the asset profits are evenly distributed amongst the shareholders
- 10% procent is for the 'Founding Fathers' pool (explained later)
- 20% for funding and feature development of the website and services
- The remaining 10% will be invested by CryptoCollab in the investment plans issued by it's users (NOTE: as NXT can't be directly invested on CryptoCollab, we invest the equivalent of the value of the 10% in BTC).
To make the assets available to people on a limited budget, the limit for receiving a cut of the profits is just 500 assets (500 NXT in the initial sale).
Sale of the assets is scheduled to start at 13/02/2015.
Distribution of assets- 150000 assets x 1NXT at initial sale (1st week) 13/02/2015 - 20/02/2015
- 50000 assets x 2NXT in the week after that 20/02/2015 - 27/02/2015
- 50000 assets x 3NXT in the week after that 27/02/2015 - 06/03/2015
- 50000 assets x 5NXT in any periods after that 06/03/2015 - ~~
In the first two weeks (13/02/2015 - 27/02/2015), the base to fund the initial startup has been collected. All other sales are considered revenue and are distributed to assetholders using the matrix above.
The 'Founding Fathers'This is a pool for the first investors in CryptoCollab. To encourage people to invest in this concept early on, a special pool of asset revenue has been reserved for those who do so. During the initial sale of the assets, anyone purchasing 5000 assets or more is elligible for the 'Founding Fathers' pool. This means that 10% of the assets revenue will be distributed solely to the 'Founding Fathers' on top of any other revenues they receive. This amount will be evenly distributed amongst the early investors, based on their contribution. (10% of total revenue / 'Founding Father' assets (total)) x assets hold by assetholder = the share of the 10% pool.
These investors will also receive a title at the forums, and 2 days early access to the forums to establish any investmentplans early on.
That is the idea of CryptoCollab. And we need you to help us start it all up. Any contribution is greatly appreciated and will help in creating a webservice that people can rely on, free of costs to users. To make this formula into a succes, we still need a lot of volunteers that can help us to establish the services listed above. To get more information or to enlist for our crew, mail to : cryptocollab"@"gmail.com. (We are not allowed to post external links yet, so use your common sense with the emailadres
)
Please feel free to ask anything related to CryptoCollab and it's future services. And please let us know if you are interested in buying some of our assets, or that the conditions need to be modified for you to feel comfortable doing so. Also, we are always open to suggestions for improvement and expansions.
CryptoCollab Team
updates:
- 06/02/2015 : Domain www(.)cryptocollab(.)org registered.
- 08/02/2015: NXT wallet for CryptoCollab created, with the balance being set over the next week to give out assets.
- 08/02/2015 : Simple front-end designed. Linkage back to this forum for now.
- 10/02/2015: Website updated and Forums added (NOTE: these are still closed for now, will open 20/02/2015).
- 11/02/2015: Finalizing plug-in to display active/confirmed/total balances of all trades.
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Topic: CryptoCollab - a new service and experience awaits! (Read 2144 times)