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RE: Zappl Is Over 71% Funded!
So philanthropists will sell back to you low, and greedy bastards will band together to drive the price up and wait for payment... I'm not sure which I'll be! :)
Yes there will be some mixture of people buying and selling higher and lower looking for to hold for different time frames and make different amounts of money. Maybe I can be some mixture of a philanthropist and a greedy bastard!
Why would the price go higher than 2? Will dividends be paid out to the token holders? I don't think that is a part of the proposal, or is it? Also still trying to figure out how it works.
The price may or may not go higher than 2. The token will grow in value. How this may be addressed will be with buying back at higher prices and/or sharing some form of dividend. ZAPPL will increase in value with STEEM earned by zappl. Part of this will be in turn shared with token holders. As the dividend function is not ready and available on bitshares just yet the token may be bought back with a value more than initial price with a little more as a share of zappl value.
Thanks!
That is a clear answer.
I'm happy to hear that earning dividends with the ZAPPL token might one day be possible.
Let's get this ZAPPL app built before talking profits, I guess... :)
Really looking forward for the release.
You are most welcome! Yes we must get it built first before donating back.
Looking forward to the releases!