Collect/Invest/Profit/Return/Burn…and Repeat – Zest.Fund – Medium
When a portfolio company succeeds in performance, resulting in either a higher series of fundraising or an IPO, the parent fund will reward their limited partners. In regards to Zest Fund, when this happens the project is compensated with fiat currency.
Zest will then initiate a mass purchase of market priced Zest Token. Followed by a burn of all the tokens collected; both steps in theory will raise the value of tokens still in circulation. If no tokens are left in circulation, the first iteration of Zest is considered successful, and the next crowdfund syndication is created .
Zest employs a “Fund of Funds” model, operating with a 20% “carry”. A carry is a split of the profits for services rendered. If $10,000 is deployed in Zest Fund and a $30,000 profit is returned; $24,000 is returned back to Zest Fund backers via market purchases of Z tokens and $6000 is designated to the Zest Fund operation to satisfy the 20% carry.
Another example of this kind of system would be Binance.
Even through the 2018 Bear market BNB (Binance Coin) continued to rise in value, arguably due to the Buyback & Burn system, where 20% of the profits for each quarter are used to buy BNB tokens at market followed by a burn.
______________
You can purchase Z Tokens now! https://latoken.com/ico/ETH-Z
_______________
We will continue to post information about the project and feel free to research further via our website and social media outlets.
Published at Mon, 29 Jul 2019 16:51:06 +0000
Bitcoin Pic Of The Moment
If you enjoy my photos, you are welcome to #donate #bitcoin to me at: 1Q2LV3bsxZjRBQoRXAXikpUGPCrNeGSUWc
By antwerpenR on 2013-08-29 21:49:07
