Welcome STEEMCastP.m today I go in depth on the OnPlace ICO I give all the information there is at the moment! let's get into it! First here's there official website http://investments.onplace.io/#rec16909043 on to the guts of the post !
OnPlace
Whitepaper
https://github.com/OnPlace/Documents/blob/master/pdf/Whitepaper.pdf
Introduction
Algorithm
OPL Token
During the ICO, OnPlace Inc. is going to sell 10.000.000 OPLTokens for $3.000.000 in ETH. OPL Token cannot be split.
Before the formation of the investments portfolio in private companies OPL Token is backed by ETH amount that was purchased by the investors or ICO participant.
Funds raised by OnPlace ICO campaign will be used to purchase shares/stocks in the business of leading IT sector private companies. This investment presuppose the formation and professional management of a diversified investment portfolio in the business of private companies. Data on the changes, and the current value of the investments portfolio will be disclosed on the website investments.onplace.io and will be public. From the formation of the investment portfolio, and investment funds that received through the ICO in it, the OPL token is backed by the investment value in the portfolio - in USD at the exchange rate ETH/USD at the time of the portfolio formation. The price of invested OPL token will depend on the valuation change of the private company portfolio. Changes in the portfolio value will occur - in USD.
At the closing portfolio, the funds of initial investments and revenues from these investments are transferred to investors by means of OPLToken acceptance through a smart contract.
The final cycle of the proposed contract is the payment to investors the amount equivalent to the value of the token at the time of the closing investment portfolio. Such payment in favor of the OPL Tokens holders is carried out in ETH at the rate of ETH / USD that current for the time of withdrawing portfolio funds.
The dates for investing and withdrawal from portfolio will be published in advance.
Start of the first investment portfolio is scheduled on October 2017.
Learn more about OnPlace ICO conditions and Algorithms in our Whitepaper.
OPL Tokens gives the investor in unconditional order of the right to use priority services, which include:
- OPL Tokens holders have the advantage in investments participation into private companies portfolio, and have priority right of reserving projects before standard services of other categories of investors;
- OPL Token – based investment is carried out without additional commissions during the initial implementation of investment into projects;
- Profitable income payout fee of OPL Tokens formed portfolio is setting at a minimum level (reduced by 50% in comparison with the standard securities reward rates);
Core Team
The OnPlace Team are specialists from all different business spheres, IT industry, Big Data and Finances.
I like where this project is heading, not to concerned with the fact the tokens don't split. Definitely investing in this ASAP! What are your thoughts on OnPlace ? I look forward to your comments below👇🏼👇🏼👇🏼👇🏼
Thanks for reading !
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