The Peershares implementation and extension my team has been working on will be known as the NuBits project. It provides something which the cryptocommunity has desperately wanted and needed for years. There are presently no implementations or competitors with a production system up and running to meet the need. It will be a ground breaking release. Some might even call this the most important development in the cryptoasset space since Bitcoin was released. Others will disagree, but there will be a consensus that it is an historic development in decentralized finance.
As many of you know, I have not felt comfortable selling a product that doesn't exist. This will not be an issue preventing investment or broader participation in the NuBits project much longer. Soon we expect to have our production network and client up and running, at which time we will begin to look for investors who would like to purchase our Peershares and participate in the NuBits project. Potential investors will receive extremely detailed information about the NuBits project and a client they can use to connect to the production network. This wave of investors will be people who have demonstrated a capacity to benefit cryptoasset projects such as developers, marketers, testers and active forum participants. People who purchase our Peershares will be business partners, so we want to select them carefully. Later we will sell shares to people who's primary contribution is financial. All proceeds from the sale of our Peershares will be used in the interest of shareholders, particularly for operating and development expenses. We expect the project to be very well funded and experience explosive growth.
Finally, I will confirm that we will be distributing dividends as Peercoins. We expect to need quite a few Peercoins to accomplish this.
