Author Topic: ANNOUNCEMENT 11 - LottoShares set to Shake Up Crowdfunding through Blockchain  (Read 32596 times)

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Offline Murderistic

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Month 12
Net Profit: 2,990,000
Profit Payout: 110,000

That's ~3,68% is that good from a business perspective? Could someone explain, assuming those are good numbers, why? It's not that 3% seem a small number, I just don't understand that stuff and would like to know from someone who understands it, if possible

Ok looked at what you were looking at -

$2,990,000 is year to date net profit.

That means month 12 , $110,000 profit payouts for lottoshares holders (buyback) for that month
« Last Edit: September 15, 2015, 10:00:28 pm by Murderistic »

Offline Murderistic

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Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...

Being that it is a UIA on bitshares, I'm assuming g it is using bitshares :)
I was referring to the technology they use to reaize their trustless online gambling service that has nothing to do on which platform you issue your IOU/donation token on...

It doesnt?  If the platform uses the UIA, then the ledger they are using would be bitshares (aka graphene).  If they are just doing a UIA to act as a stock type of token, I'd imagine it might be a different story.  But let's not assume the former is not possible as well ;)

It will be a stock type token, that is bought back from holders.

the 3 Partners are myself, Mark Lyford (BANX), and Jan Thoelke (Former Race Car Driver)
« Last Edit: September 15, 2015, 10:05:16 pm by Murderistic »

Offline Stan

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My interpretation of the post is that there isn't a share drop here. I think it would have been mentioned if there were. I think there are 3 existing partners, plus holders of the UIA will make up the 4th. Is that right?

Yes.
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Offline fuzzy

Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...

Being that it is a UIA on bitshares, I'm assuming g it is using bitshares :)
I was referring to the technology they use to reaize their trustless online gambling service that has nothing to do on which platform you issue your IOU/donation token on...

It doesnt?  If the platform uses the UIA, then the ledger they are using would be bitshares (aka graphene).  If they are just doing a UIA to act as a stock type of token, I'd imagine it might be a different story.  But let's not assume the former is not possible as well ;)
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Offline Akado

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Month 12
Net Profit: 2,990,000
Profit Payout: 110,000

That's ~3,68% is that good from a business perspective? Could someone explain, assuming those are good numbers, why? It's not that 3% seem a small number, I just don't understand that stuff and would like to know from someone who understands it, if possible
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Offline Stan

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Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...

It's shares in the earnings of an existing licensed business in St Maarten being offered as a user issued asset on BitShares, so of course it will run on Graphene. BitShares Graphene. It's a business with big potential, but still a business, like many other businesses we want to serve.  Physical businesses don't share drop, they raise funds by selling something they own.  Like shares of their profits.

PLAY is different in almost every way.

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline santaclause102

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Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...

Being that it is a UIA on bitshares, I'm assuming g it is using bitshares :)
I was referring to the technology they use to reaize their trustless online gambling service that has nothing to do on which platform you issue your IOU/donation token on...

Offline fuzzy

Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...

Being that it is a UIA on bitshares, I'm assuming g it is using bitshares :)
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline Stan

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Even if BTS gets no sharedrop its still good news, because it is a partnership that brings more transactions to Bitshares.  Transactions = fees = profits!

...and more users = Transactions = fees = profits!
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline santaclause102

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Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...
« Last Edit: September 15, 2015, 09:21:20 pm by delulo »

Offline phillyguy

My interpretation of the post is that there isn't a share drop here. I think it would have been mentioned if there were. I think there are 3 existing partners, plus holders of the UIA will make up the 4th. Is that right?
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Offline Ander

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Even if BTS gets no sharedrop its still good news, because it is a partnership that brings more transactions to Bitshares.  Transactions = fees = profits!
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Offline Akado

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Didn't get the distribution chart. 25% to each partner, who are the partners? Is BitShares one of them? Or is it CNX?

Get those guys to get the casino Ronny mentioned https://bitsharestalk.org/index.php/topic,17820.0.html

Or at least partner up with them. Everyone wins. Huge potential for liquidity increase

CNX is not involved except as a cheerleader.

As for your other great ideas, it's going to be a long hot summer.  :)
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Congratulations Stan. Now, whether I want or not and recognizing it is something far fetched, you got me thinking we will have a BitShares Casino...

So, is BitShares considered to be a partner? Meaning, will BitShares be sharedropped 25% of lottoshares? That sounds quite a lot honestly

Also,
""Profit from the success of our company with a simple contribution and you will share a portion of our net profit."" how much is that portion and how much profit does the lottery had in the last 3 and 6 months? Edit: forget this. found the info on How LottoShares Works
« Last Edit: September 15, 2015, 09:23:52 pm by Akado »
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