[ANN] Indicium Series A

[crypto_coiner]

1. Why are the founders anonymous?
2. Why not use ETH to raise fund instead of PPC?
3. In your business model, how can you earn dividend for your shareholders if the only thing you hold in your fund is capital gain oriented tokens?

[ConfusedObserver]

Allow me to try and explain. This is not meant to forestall an explanation by @Indicium.

1. Anonymity protects the founders. I wouldn’t dare investing in that type of DAC if I had to reveal my identity. It’s unclear how governments treat DACs like this now and in the future. Others think the same.
2. Using ETH in addition? Why not. Using ETH instead of PPC? No way!
   You do understand that this DAC is based upon a PeerAssets implementation on the Peercoin blockchain?
3. Have you read https://talk.peercoin.net/uploads/default/original/1X/d895ab4edc28effcfc0f56d2028e9fc2660f8e51.pdf?

[mhps]

@crypto_coiner

1. Why are the founders anonymous?

Not everyone is based in a crypto-friendly country such as Japan.

@crypto_coiner

3. In your business model, how can you earn dividend for your shareholders if the only thing you hold in your fund is capital gain oriented tokens?

The profit model, briefly described in the Business Plan, is fairly standard in the fund industry, not much unlike that of e.g. mutual fund. Index funds such as Indicium Minimal Variance Fund is mostly passive and have an advantage to keep the cost down.

Interested in becoming an investor ?

[Nagalim]

My pseudonym will mean more to you than my real name. When we finished sorting through all the legal stuff, i may readily reveal my identity. But that’s more for my benefit of taking credit for my accomplishments than for yours.

Accepting additional coins would make the initial distribution more complicated. Remember that backpacker is not a founder or an advisor, just a community representative.

Dividends and operational costs will come from any of our several profit sources, for example: fees on inflating/deflating supply of our product.

[crypto_coiner]

@mhps

Interested in becoming an investor ?

I am interested in contributing to your team by being your Chief Talent Officer.
Typically, I am your VP of talent sitting on your board of directors in your company to start the team that will build or consolidate a prototype,a product to attract investors or users.
I can find engineers, hackers, investors, potentially anybody.
DM me for more info.

[mhps]

That is certainly interesting. I assume you don’t mind my passing the info to the team.
Indicium requires officers to have ‘vested’ INDs to align interests.

[Sentinelrv]

I think Crypto_Coiner and Cryptog work together. If you remember they helped bring the developer Eleven to B&C Exchange before Nu’s peg collapsed.

[crypto_coiner]

Sure.
Looking forward.

[mhps]

Hi, We discussed and felt that before Series B at least there is no urgent need for recruiting extra developers given the limited scope of MVP baseline.Thanks for your offer.
You are welcome to become an IND holder.
Best regards
mhps

[crypto_coiner]

Dont hesitate to contact me any time.
Meanwhile I ll keep on considering indicium

[Indicium]

Announcement and account on bitcointalk:
https://bitcointalk.org/index.php?topic=1880443.new#new

[Indicium]

As can be seen directly on a block explorer, Indicium has received approximately $80k in funding from numerous sources. It is safe to say at this point that unless both Bitcoin and Peercoin undergo a massive devaluing in the next month, Indicium will be developed. Funds raised above the minimum goal will be used to produce a better, more complete product which will promote a higher Series B valuation. We will begin a wait list as pledges approach $150k to avoid exceeding our maximum funding limit.

The current state of funding can be seen at the following addresses:
Peercoin Multisig
Bitcoin Multisig

You can read our minimum achievement announcement and definition of the ‘waitlist’ here:

Indicium Receives Minimum Funding

Indicium has now tentatively received minimum funding to go forward with the minimum viable product. This is a great success! Unless Peercoin and/or Bitcoin devalue to a large degree, Inidicium will not return the initial funds it has received and will instead proceed with the project. For reference, Indicium has received over $50,000 of funding at a Bitcoin price of $1200 and a Peercoin price of $0.80. The initial announcement for Indicium Series A can be found here. The Bitcoin/Peercoin p…

[crypto_coiner]

It’s intriguing –
But I did not get how it makes money –
Any projection?
If I invest, I want equity in the revenue so I want to see some slides on the revenues for sure

[ConfusedObserver]

@crypto_coiner

But I did not get how it makes money –

You could try reading the white paper.
There’s a whole chapter dealing with it.

The revenues fall into four categories: distribution charges, management fee, shareholder transaction fees and fund services charges. Some of these reduce the value of an investor’s account; others are paid by the fund and reduce the NAV. Indicium has plans to leverage its network of index funds to offer other services to customers. The current revenue model is dependent on providing value to customers by providing tokens that track proprietary indices. By providing valuable services to customers, Indicium will have four potential revenue sources.

[crypto_coiner]

Seems like you are going to use the funds to develop peerassets at the same time.

Also what is the exact reason you want to incorporate?

[Nagalim]

Indicium is a PeerAsset. It is in Indicium’s best interest to have PeerAsset devs invested and on the payroll.

There is no plan to incorporate.

[rechtsanwalt]

There are some projects that took/take snapshots of the bitcoin blockchain to distribute coins (e.g. Clams and Byteball).

The Iconomi project registered their bitcoins and received 9.766% of the initial Byteball distribution. Read about it here: https://medium.com/iconominet/iconomi-acquires-9-766-of-byteball-initial-distribution-free-of-charge-cd9c4a5d49ac

Question: Will Indicium register the bitcoin it’s raised to participate in future distribution rounds such as the next Byteball distribution on May 11th? And if so, do you have any plan for those coins?

If the company can get free money, why not? If they’re worth nothing, then there is no loss. If they are worth something, they can be liquidated and used for our own purposes.

[Indicium]

All Series A funds are to be used for realization of the Indicium business proposal.

[rechtsanwalt]

I don’t doubt that. If you have no plans on registering for these distributions, that’s fine by me.

[Nagalim]

We aren’t going to invest in startups with this money. It’s possible we may offer a product somewhere down the line that does something like that, but the funds we’re raising now are for paying developers. As such, we are looking to hedge against volatility as much as possible rather than take on more risky endeavors.