Originally Posted by
Jao
So do Token Holders own 100% of Shadow Era or 60%?
If Token Holders are now shareholders, does that mean the present BoD can be forced out by majority of Token Holders' vote?
The profit-sharing scheme is still paid out in Shadow Token. If the value of ST falls, there will be no "profit." How can ST price rise if there is no demand for it? Currently, there is no use for ST aside from giving an all-foil deck to the top 100 holders.
Why create Shadow Token at all when there's BTC and other stable altcoins you can already use to sell shares of the game? Without ST, the shareholders' payout would be in BTC or other altcoin, which is more infinitely useful as a trading currency because of the demand.
There is talk of a trust fund being managed. I don't understand that. Who runs that and what is it for?
Currently, I have seen no contract legally binding Kyle to uphold his end of the bargain here. For example, if I were to buy all the Shadow Tokens on public sale, that would make me the majority token holder and supposedly, owner of the game. But how can that be when token holders have no direct control over the BoD? It is the BoD who proposes, and the token holders just vote. And the voting system is shitty. To vote, you have to use your Shadow Tokens.
From my current understanding, there is no attractive reason to buy ST. Am I missing something?
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