I'm starting a new company, and have created & registered an account in the BitSharesX client for it.
I'd like to issue an asset distribution in the form of tokens to be redeemed for services the company provides.
I see on another thread where the lending DAC is detailing how they'd distribute their currency, & I'm using that as a starting point when I'm determining how to distribute mine. Theirs is:
40% Open Market
I don't understand PTS & AGS enough to know what it would mean exactly that I'm dedicating 25% of my issuance to these DACs. Does that mean that I'd distribute 25% of my 'NFS' tokens to these shareholders in a bulk distribution upon launch of my token?
My understanding of the 'Development' percentage is that I'd pay developers working on my company's coding todo list in NFS out of the allocated 10% of the NFS issuance. Is that correct?
I understand that the 40% 'Open Market' allocation means that only 40% of my NFS would be available to buy on the open market.
On the subject of the open market, how would people buy & redeem NFS? Would there be a section created in the 'Markets' part of the BitSharesX client where people could do this? I'm planning on integrating a Magento ecommerce backend on my website, & would like to sell NFS via that using the GoCoin plugin & accept BTC & LTC that way.
I imagine customers would have to run a BitSharesX client with which to receive & manage their purchased NFS. ie. holding Magento/GoCoin purchases, & redeeming NFS to my company's wallet in exchange for services. Is this understanding correct?