Lets create a crowd funded, owned, and operated public corporation that sells SEC compliant tokens!

lwadz88lwadz88 Member Posts: 17
Hello all,

You may have heard recently about a new public effort to create a crowd funded, owned, and operated public corporation that sells SEC compliant tokens as stock. With the financial, decentralized fluidity that cryptocurrency brings, it is now more possible than ever to make a true crowd operated corporation capable of making positive change in the world on a global scale!

The idea is that a community of investors crowdfund the company and are given "venturecoins" in return.Venture coins entitle their holder to a fractional share of the community pot's value and the right to vote in company decisions (such as what projects to fund, who to elect to office). Unlike the failed DAO, the company will be represented in the real world by trusted and elected representatives that fill the roles traditionally seen in other companies (CEO, CTO, CFO ect). These executives would be contractually obligated to fulfill the will of the share holders and would be a human "crypto gap" in any large disbursement of funds.

When internal business ventures or companies funded by venturecorp are successful they contribute a portion of their earnings back to the community pot which then raises the real value of the venture coin which can be traded at any time for it's fractional share of the pot via smart contract.

If you are interested in joining this public effort or learning more about venturecorp, please visit the new subreddit r/venturecorp. Thank you!
Sign In or Register to comment.