BitShares Forum

Main => General Discussion => Topic started by: chigbolu on April 19, 2020, 11:37:42 pm

Title: ANN: VNC-7 DEBT SECURITY TOKEN
Post by: chigbolu on April 19, 2020, 11:37:42 pm
VNC7DST is a UIA created to act as a bond on the bitshares platform, users or benefactors who purchase the token are in effect lending money which will be payed back in the form of buy backs.
Traditional forms of borrowing and fund raising require a lot of paperwork and legalities, and are sometimes ineffective for small entrepreneurs, using the advantages of the BTS platform and it's business model, the VNC7DST token is a one stop solution as a digital debt investment on the bitshares blockchain.
Title: Re: ANN: VNC-7 DEBT SECURITY TOKEN
Post by: chigbolu on April 26, 2020, 08:25:58 am
Quote from: chigbolu on April 19, 2020, 11:37:42 pm
VNC7DST is a UIA created to act as a bond on the bitshares platform, users or benefactors who purchase the token are in effect lending money which will be payed back in the form of buy backs.
Traditional forms of borrowing and fund raising require a lot of paperwork and legalities, and are sometimes ineffective for small entrepreneurs, using the advantages of the BTS platform and it's business model, the VNC7DST token is a one stop solution as a digital debt investment on the bitshares blockchain.
Due to a lack of support, I have decided to change my approach, I will be selling all my tokens on the open market at a starting price to be decided later, I am still thinking of the best way of approach in order not to make futher adjustments later on.
Title: Re: ANN: VNC-7 DEBT SECURITY TOKEN
Post by: chigbolu on April 26, 2020, 11:24:50 pm
I have now adjusted the parameters for the asset, I have also transfered ownership to null-account in order to increase the authenticity of the asset, I have also set up an order book.
https://bts.ai/market/VNC7DST_BTS
Title: Re: ANN: VNC-7 DEBT SECURITY TOKEN
Post by: chigbolu on May 01, 2020, 07:37:44 am
Sadly my fundraising venture has failed woefully, it's safe to say bitshares isn't the place for charity, however the tokens are still on the order books...
Here are the attributes of my token
LIMITED SUPPLY: only 1,000,000
Redeemable for it's equivalent amount in Naira
Guaranteed rise in value, via monthly buy backs
Custom token made only for my account
Token can no longer be updated as ownership has been transferred to null-account
Meant to be used as a debt security...