KMac
@kmacb.eth
Participating in Revnet Network is a bit like getting in on that early SAFE/SAFT term sheet or for the old farts a convertible note kicker on your angle investment. The big difference is it’s 3 taps no Docusign, escrow accounts, Restricted Stock Purchase Agreement etc its all preprogrammed. If you don’t make this round there’s another round following just not on the same terms. A few things to note: Your tokens are backed by ETH. You can borrow against them & reinvest. The offering will never be this favorable again. Even if the project isn’t a home run your liquidation value is > 0 & is never going down. 18 ETH investment was approved by Juicebox dao & will land anytime now.
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kompreni 🚂
@kompreni
It looks like the cut scheduled for 2 days from now has already happened?
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KMac
@kmacb.eth
No. The splits are included in the issuance rate. 6200 + 3800 = today’s issuance rate. Happens to be aligned percentage wise w the incoming issuance rate reduction. Make sense? It’s not straightforward. Will think about how to clarify that. Appreciate the call out. The pay box I’m using for Footy App abstracts all that ways & says you put in x & you get y. Here on the deployer site we show all the deets.
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Jango
@jango.eth
10000 $REV get issued per 1 ETH going in. 6200 go to you, 3800 goes to team.rev.eth from splits. In 2 days, 6200 $REV will get issued per 1 ETH going in/ 4216 going to you, 1984 going to team.rev.eth from splits. The team is funded via $REV splits. Access ETH by cashing out $REV. Good callout, this UI confusing.
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KMac
@kmacb.eth
@jango.eth for for viz see my reply
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