We are more than halfway funded for Round One!!!

in #steemislandinc7 years ago

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To buy a part of steem island all you have to do is transfer the amount of steem you want to contribute to the steemislandinc account (@steemislandinc). All the Steem collected in this account will be held in steem power so that all contributors can keep an eye on it. The price at this point is one steem per share. After we collect at least 1000 steem I will form a corporation named steem island inc. and I will make a post with all the legal information so that it will be stored in the Blockchain.

The Corporation will be owned by all the people who put in steem. The first people who contribute before the total contribution reaches 1000 will be the officers of the corporation and I will be the CEO. So the person who puts in the thousandth Steem will officially close the officer selection round. We will all have an equal amount of say. The only additional power I will have over all the officers is to break a tie in the event that a tie happens when voting. Although all the officers will have equal say, the value of each officers holdings will still be based on the amount of shares they own. Again, during the first round, which will be called the officer selection round, shares will be based on 1 steem = 1 share.

The next round of funding, which we will call "round two", will be based on a contribution of two steem per share. So in order to contribute in round two, the minimum contribution will be 2 Steem which will be equivalent to one share. To be sure, in round two, shares will be base on 2 Steem = 1 share. The second round will close at 10,000 steem. So the person that puts in the 10,000th steem will officially close round two.

The next round of funding, which will be called "round three", will be based on a contribution of three steem per share. So in order to contribute in round three, the minimum contribution will be 3 steem, which will be equivalent to one share. To be sure, in round three, shares will be base on 3 steem = 1 share. The third round will close at 25,000 steem. So the person that puts in the 25,000th steem will officially close round three.

There will be one final round of funding which will be called "round four". The guidelines for round 4 funding will be published by the officers of Steem Island Inc. at the close of round three funding. The price per share in round four will be a minimum of four steem per share. To be sure, shares in round 4 will be based on AT LEAST 4 STEEM = 1 share.

All the steem held in the Steem Island account "in trust" for Steem Island Inc. and for everyone who has contributed the steem. If for some reason this does not work out in one year's time period, then everyone will be returned 100% of their contribution.

After round 4 is completed, we have enough steem in the account to buy an island, which will already have been chosen by the officers.

If and when the account becomes overfunded the last people putting in the steem that created the overfunding Will be refunded.

So let's see how round 1 goes!!!

FULL STEEM AHEAD!!!

CURRENT CONTRIBUTIONS:
37 @riosparada
1 @louiscpt
1 @swolesome
1 @elleselephant
1 @wakeupsheeps
1 @rishi556
6 @rickyjrios
8 @platonicsironic
15 @nikant
21 @missiontothemoon
1 @barrydutton
5 @rigaronib
77 @riosparada (steemstock contribution - steemstock is now owned by US!!!)
1 @papa-pepper
1 @vegansilverstack
300 @broncnutz
103 @oldtimer
6 @dzboston33
1 @bigt
1 @almvide
1 @doctorcrypto
3 @monkimo
1 @soul
1 @coincravings
2 @elyaque
5 @uruiamme

P.S. Steemstock will be wholly owned by Steem Island Inc. so congratulations to the first contributors you now on part of Steemstock!!!!

Here is another option to add to the list:

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NOTICES:

Please do not send Steem to the @steemislandinc account directly from Blocktrades or any other exchange. Send it to your account first and then send the steem from your steemit account to avoid any confusion and to memorialize the transaction.

To all current members of Steem Island Inc. If youou want it if you create your own post please paste the link in the comments on this post so I can resteem from the Steem Island Inc. account. Make sure to include a link to this post in your own post. Also, all current members please send an email to steemstock@gmail if you have not already done so. Please resteem this post to help spread the word.

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Could you explain the benefits of Steem Island? Will we be doing some kind of land development or is it just to say we own an island?

It all depends on how much we raise. If we get enough I'd like to develop it. Steemstock should create some revenue through. There's tons of possibilities and potential. If the corporation gets big enough we could even use the island for all sorts of tax loopholes. I also have a few more ideas I've been working on. Depending on how it goes I might funnel those into Steem Island Inc.

Make the island into it's own nation. Seat at the UN and all of that. Small Olympics squad consisting of steemians. Unlimited opportunity.

That would be awesome!!!

A 100% steem fuled nation !!! My wheels are turning !!!

looks like a nice place

It does. There are several options. It depends on how much we end up with. FULL STEEM AHEAD!!!!

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/steemislandinc/@steemislandinc/steem-island-inc-update

Sounds good. off to earn some Steem.

Super cool! Being in on the groundfloor of @steemislandinc is very exciting. Thanks for the update @steemstock.

Your welcome! FULL STEEM AHEAD!!

Can I still send in steem to replace?

Are you giving me an option to rectify the situation?

I would think that if you raise your contribution to the correct level, that you will come into compliance with the rules.

But the other part of the rules are that there was a cutoff at 1000 Shares. This point in time should be audited, too.

In other words, with all the rules violations, I don't know. It appears to me that the ones who followed the rules may eventually vote on the list of Officers and it might help your case.

I'll send the steem and see what happens. Thanks

Hey, i sent you 1sbd, but i think you listed my name as 'soul' instead of 'ura-soul'.