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Invictus Innovations proudly
announces AngelShares, a groundbreaking crowd funding campaign to develop new decentralized autonomous companies (DACs). AngelShares comes a little over one month after Invictus saw a wildly successful launch of ProtoShares, a
clone of Bitcoin
, saw its market capitalization rise to over $25 million dollars in the first month. ProtoShares is unique
in that its value is derived from a social contract to grant those who hold ProtoShares a minimum of 10% stake in all of our DACs, including our flag-ship Decentralized Bank and Exchange called BitShares.
Invictus realized that there was very strong demand for their ideas and that the money currently spent mining ProtoShares amounted to millions of dollars that could be redirected toward funding the BitShare ecosystem rather than padding the pockets of local utility companies or cloud hosting service providers such as Amazon. Invictus
hopes to raise over $4 million dollars worth of ProtoShares and Bitcoin in the first quarter of 2014.
AngelShares works like a mining pool where every day 10,000 shares are minted
among the investors
proportional to how much they invested
. Instead of using hash power as a proof-of-work
like most Bitcoin clones,
AngelShares uses Protoshares or Bitcoin
donations as a reusable proof-of-investment
. When people mine with hash-power the value of the work is consumed and no value is retained to back the issuance of the new crypto-currency, but when they ‘mine’ with their money the value can be recovered and applied to develop and promote a decentralized autonomous company.
To get AngleShares individuals make a donation to a public ProtoShares or Bitcoin address from a locally controlled wallet. The record of their donations are recorded securely in the respective blockchain for everyone audit. Each day represents a new auction and a new opportunity for vigilant fans to gain a stake in the future of BitShares. Invictus believes this new approach to crowd funding will combine all of the appeal and excitement of mining with the addictive nature of auctions to produce an engaging opportunity that will capture the daily attention of a growing community.
AngelShares represents a fresh attempt to strike a balance between techniques used by Mastercoin, Ripple and others. The common complaints Invictus heard about prior attempts at crowd funding were that they favored early adopters or were only available to a small group of insiders or large investors. AngelShares strives to provide
an equal opportunity for everyone regardless of when they learn about the potential of BitShares or how much money they have. Invictus believes that this model will be copied by other teams that which to crowd fund their own decentralized autonomous companies.
To learn more about the potential of the BitShares Bank and Exchange and how to participate in its development you can visit http://invictus-innovations.com