TopicStarter: EQ Token –
|Registrar domain||Wix.com Ltd.|
All investment applications on EQ Token website will need to offer up a portion of their business for a specified amount of money. If successfully funded, tokens will be created for this business. These tokens will be evenly distributed among investors based on investment size.
Holding these tokens in your digital cryptocurrency wallet will allow us to send you shares of company profits. You will also have the chance to sell your tokens at any time on our own token exchange.
The 3% of all tokens created through fully funded projects belong to us so these tokens will be evenly airdropped to all EQ20 token holders. A standard project will be created with 100m tokens. We will own 3m of these tokens and so these will be airdropped to all EQ20 holders. This means that for every 10,000 EQ20 tokens ($500) you buy, you will receive 300 tokens from every fully funded project that we ever create so investors in EQ20 will own a stake in every company the EQ Token business ever helps fund. Ever!
These tokens can then be sold on our decentralized exchange at any time or they can be kept in your wallet so that any funded company that starts to become succe
ssful, will start to pay dividends directly into your wallet!
We also plan to airdrop 25% of the 2% dividend fee to EQ20 token holders as well!
The token sale will last for 30 days and our minimum target is to sell 35m tokens. If we do not reach our minimum token sale target within the timeframe, all funds will be returned to investors.
1m EQ20 tokens will be used for promotional purposes to help increase awareness of EQ Token and what we plan to accomplish (mostly through social media competitions).
There will be 4m EQ20 tokens that will be used to reward participants in our bounty program. These tokens will be paid 1-2 months after the successful completion of the IEO.
The remaining 25m tokens will be kept by the core development team and may be used to pay external contractors.