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RE: BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?
Two questions I have there:
- Is anything ever sold into fiat?
- Where does the fiat income come from?
Two questions I have there:
Dear @shanghaipreneur
Not by me. However let's I would use those raised steem for promoting purposes (mostly steem-bounties), perhaps to reward few people supporting my growth on daily basis (to avoid transfering funds I would bost their publications with upvoting-bots).
I would have my business legally registered and I would offer my services to Polish IT businesses looking for forign exposure (in english language). Those companies would receive invoices, taxes would be paid. And I would use part of profit to buy-back earlier realeased tokens and burn them.
This way whoever would purchase my token, would know that supply is constantly shrinking.
Yours
Piotr
Knock knock @shanghaipreneur :)