I'm willing to kick in 10 SBD for this project. I recommend full transparency with weekly reports and a small % of returns being reinvested into upgrading equipment/covering equipment depreciation. Something like 10 - 20%.
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Yep, transparency is a must and I really like the idea of a fund for new equipment.
By the way, after the mining rig is funded and set, if someone new wants to join - should he be allowed to buy shares? His deposit would be then treated as profit and distributed for the stake holders, but this would also lower everyone else stake.
Naw that kinda hurts beginning investors. You can start a new fund for a second rig like a second round of investing. And is the contracts are how long? And a good idea will be if we can sell our shares? It also be fun if we could get token proving we own shares and send shares aka selling, but to much work unless their a free toekn creator .
I agree that investors should be able to trade shares rather then selling new shares from the existing fund. Even better would be a voting system for making decisions. Like shareholder meetings in traditional securities.
Steem media token for the win right?
I explained it better an alternative here=
https://steemit.com/steemit/@tipu/sbd-crowd-funded-mining-rig-daily-payouts-for-investors#@sames/re-sames-re-tipu-sbd-crowd-funded-mining-rig-daily-payouts-for-investors-20171223t184032129z
Agree :) And with a weekly report he will get upvote so a win-win
It is released now start investing https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math