Author Topic: Can I use UIA to start a club?  (Read 1084 times)

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Offline santaclause102

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Welcome!

Entirely possible like you described it.

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What would be the best way to fund the club's ongoing costs like club house rent? Is there an easy way to collect membership fee automatically?
There has been some discussion about a future implementation of recurring / pull payments here https://bitsharestalk.org/index.php?topic=11045.0;all

Voting for UIA owners is a feature that will definitely come.

Offline Samupaha

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Newbie here, trying to figure out some real world applications.

UIAs would be like shares of a club. More shares somebody has, more voting power he has to decide how the club should be run.

Initial sale (for founding members) of UIAs would give the club some resources to rent a club house and to buy some furniture etc (or whatever they want to do).

If the club will be great and members really like it, it will attract more members. One could become a member by buying shares from somebody else, or the club could issue new shares.

The club could store it's assets as bitUSD to get rid of volatility of other cryptocurrencies.

What would be the best way to fund the club's ongoing costs like club house rent? Is there an easy way to collect membership fee automatically? Some money could be made by issuing new shares for new members, but that's probably not a good thing to do all the time.

What other benefits a club would get if it's run with UIA?