Hey I'm not trying to call this project a scam, I'm trying to get information that is important to shareholders out in the open.
There isn't much info on anything crypto, I'm just trying to get more info out there by asking questions.
I have one simple question:
How will holders of your sollars UIA receive their profits if you become successful?
This is also why Sollywood TV as a start up/gateway to the Smart Money Tree (blockchain) will raise Institutional money along side the second round ICO. It will take millions of dollars to gain mainstream adoption by the masses.
So you're going to become a fiat gateway? Therefore enabling easy access to all cryptocurrencies, such as bts? That would be great!
Become a fiat gateway, market yourself to the Hollywood crowd (which you know lots about), and get people interested in crypto via your User Interface and your Sollars product.
Fantastic!
@Permie Oh I see. Great question. There are two primary ways this can happen.
1. Dividends/Buy Backs scheme: Part of the Sollars made from the cut of content creators showcasing through our gateway gets distributed to all Sollar bond holders. This would be a burn scheme though where Sollars the UIA are burned and the blockchain creates a bitUSD/SBD type token to holders (for us our token is SSENSE (pronounced: Essence)). This way we can avoid any regulatory issues. This is still being thought out though.
2.
Inflation/Sollar Bond Payouts: The primary token of the blockchain would be the Sollar Bond which is simply a future Sollar (SSENSE) paid out by the blockchain. This is the token holders will be purchasing through the ICO. (This is also the token that will be rewarded to SoLCert holders.) Individuals will have to lock this bond in the system to receive the payout.
Bottom line is the way our crypto economics work in who gets paid what by the blockchain will be configured to encourage the adoption of our stable token Sollars and Sense: Smart Money.
And by a mainstream audience. We start in Hollywood because there is sufficient demand for a product/gateway like Sollywood TV for the mainstream. But obviously we can go where ever we want. But first we must prove ourselves here, build demand, and then venture other places. This is no different than what any start up in Silicon Valley does.
Yes Sollywood TV will technically look to become a Fiat gateway for the mainstream. There is really no other way to circumvent the shadow of Bitcoin and beat it with everyday people. The experience of Bitcoin as an in-between is horrendous. Plain and simple it will not work for everyday people. And yes as you have alluded to this is perfect for BTS. We have to do what Circle and 21 did and raise the necessary capital to do this the right way. We will win in the end if we do. Im glad you understand the opportunity
People are unfortunately too short-sighted. Most start ups do not even return an investment to shareholders for 3-5 or even 7 years. Look at Uber, Facebook, Blue Apron, Plated, Groupon and the likes. If their investors could trade on the open market from day one you would see high and low dips and illiquid markets too. This is why those rules were created in the first place. Anyways I digress. Thanks for the questions.