"Sue Facebook" SUFB Token now live and available for purchase on Steem-Engine DEX!
The SUFB token is now live on Steem-Engine Decentralised Exchange (DEX) and is available for purchase.
We have a great new logo designed by @brianoflondon.
SUFB Token holders are collectively entitled to 25% of the damages obtained in the Crypto Class Action against Facebook & Google's Crypto Ad Ban by class members who have signed JPB Liberty's Litigation Funding Agreement.
This means that if the signed up class members win, say $20M, in an early settlement in the Class Action, then 25% of that ($5M) would be split between the token holders (with 70% going to the class member claimants).
Let say there were 400,000 SUFB tokens on issue at the date of settlement, this means each SUFB token would be entitled to a payout of $12.50 ($5M/400k)
Not bad for a token now selling for 0.5 Steem!
Another scenario is that the class action litigation fights out over a number of years and a much larger group of signed up class members wins $1Bn in damages (out of a total potential damages claim of $400Bn+). In this case $250M would be split between up to 18M SUFB tokens making each SUFB token entitled to a payout of $13.89 (250M/18M).
Another scenario is that the case is lost and the SUFB token is worth nothing!
All these scenarios and many more are possible and this is not financial advice.
However based on our own and independent expert legal opinion we believe this case to have a good chance.
Also, shareholder class actions in Australia (of which this is similar) almost always settle before trial.
So if you want to support the class action and/or try your luck with litigation funding you can buy the SUFB token for Steem on the Steem Engine DEX.
You should also sign up for the class action to get bonus SUFB tokens and secure your place in an early damages settlement.
If you are interested in a larger investment than available on the DEX, please contact me directly at [email protected]
SUFB tokens are offered to Steemians (all or whom are eligible to join the class action) by JPB Liberty Pty Ltd, an Australian company, under the Litigation Funding Exemption to Australian securities law.
Great logo! Definitely doesn't look like it was done late at night with tired eyes! 😎
Posted using Partiko iOS
I need facebook hehe
The existence of steem is punishement enough.
Posted using Partiko Android
Steem projects are struggling for funds. This can provide a nice cash injection.
Congratulations @jpbliberty! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Interestingly I have never had a facebook or twitter account. The user terms have always struck me as invasive as hell. I never click agree without giving something a full read and as far as I'm concerned if someone wants to reach me then they can ring or text. In regards to this token and the concept... Just outright bloody awesome. I'll give my expendable a look later in the coming week as this certainly is something I'm interested in. In the meantime happily up voted and resteemed. :)
Oh wow! I saw this on Steem Engine and now that I know what the token is for, I have a solid amount of FOMO!
Posted using Partiko iOS