Indicium is a financially driven token-issuance DAC built using PeerAssets, hosted on the Peercoin blockchain. It will form algorithmically chosen indices and baskets of cryptocurrencies and issue assets corresponding to the value of these baskets. Peercoin dividends and voting rights will be given to Indicium (IND) holders as a representation of ownership in the DAC. A federated approach will be taken, where a group of founders or a board of directors will perform managerial duties to facilitate operation.
A full business outline can be downloaded here. (333.6 KB)
Series A Investment Details
Start date: Fri, 14.04.2017 00:01 UTC
End date: Wed, 24.05.2017 23:59 UTC
Accepted currencies: PPC and BTC
Funds will be held in multisig reserve until all three founders (Fractals, Nagalim, and Mhps) come to consensus on how funds are to be spent. All of these funds are to be used for realization of the Indicium business proposal and at the discretion of the token holders.
The Indicium price will be formed after the conclusion of series A funding based on the submitted bids. If the maximum funding limit is reached no further bids will be accepted (first come, first serve). All series A tokens will be awarded at the same concluding price.
If the minimum goal is not reached all funds submitted in bids will be returned to their sender or the address in the first input to the transaction in question if a sender cannot be identified.
Total Initial Indicium Distribution: 100k
Series A: 50k
Series B: 40k
PA advisors: 1.5k
To place a bid in Series A funding please message the @Indicium account on the Peercoin forum (https://talk.peercoin.net) with a cryptocurrency amount to be sent (minimum 0.4 BTC and/or 500 PPC), and a Peercoin address that you own to award the IND to. Currency conversion prices will be chosen at 23:59 UTC on Wed, 24.05.17 when Series A funding closes.
Please wait for confirmation for your bid from the @Indicium account via private message before sending anything to the following multisig addresses:
Bids may be rejected at the discretion of the founders or multisig participants.