76
General Discussion / Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« on: July 31, 2014, 07:23:01 pm »Because they have been accepting PTS for AGS and buying AGS with their own funds since day one. Their employees are not only paid in PTS but are known to reinvest them in AGS.
The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
Don't make it sound like my own AGS are somehow I3's - same goes for anyone else getting paid by I3. My *personal* policy will be, "whatever I feel like".
As far as I understand I3 does not own any AGS, only PTS, and so the only BTSX they own is from the ~250k PTS, or about 10%.
I voted "Commit to not selling until the market is deeper".
I'm not making it sound like that, but you've got to admit that your interests are aligned with Invictus and they are large holders. I consider "they" to be Larimer & Co, and while they only have 5% of the BTsx through AGS, they're personally heavily invested in the token as well.
With LTBc I am a large holder, I started with like 2% of the money supply personally in my posession for work I'd done the prior year and managing the distribution of another 50%, so I voluntarily stated that I would not sell any LTBc from my personal holdings until the market is substantially deeper than these early days.
Nobody really cared that I did it, but I thought it was important so that people wouldn't feel like I could flood the market at any moment. It's not about what technically is possible, its just a question of what standards Invictus wants to set if any. Not having a policy is also a policy, I just would like to understand it instead of guessing.