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REVENUE STREAM POTENTIAL FROM
VERACOIN™, VERA-SHARES & VERA-CITY
Revenue flowing from Vera City will come from a number of
sources, although the question of how to apportion it to
“profits” for rewarding the contributions of start-up
investors is still open for consideration.
It is anticipated that investors in this enterprise might
have other values in play besides simply making a profit.
One of the potential revenue sources for financing the
operations and rewarding start-up investors is the interest
accumulated by the reserve of dollars held to satisfy the need
to convert Vera to dollars lending at the overnight rate.
This represent the lowest risk for these reserve funds necessary
to keep the Vera fully funded.
It is expect the need for Vera/dollar conversion will
diminish over time as more and more member needs are satisfied
through the use of VeraCoin™ itself.
Therefore, after calculating the appropriate reserve requirement for
backing the VeraCoin/dollar conversion, it will be possible to lend
a portion of the funds to local member enterprises at cost plus a low
fee which represents another
source of potential revenue.
Another source of revenue is a tiny fee for
managing the transaction in a complimentary currency exchange;
this could be as little as a penny per transactions.
If a ten million merchant membership each makes a total of a
ten thousand transactions a year (about 28 per day) it would generate a
billion dollars
in fees per year. Some
bank merchants accounts charge as little as $0.15 plus .25% per
transaction, PayPal
charges $0.30 plus 2.9 % per transaction, so you see this can be
provide a substantial revenue source.
TABLE
OF CONTENTS
AN
INITIATIVE TOWARD A SUSTAINABLE FUTURE
VERACOIN™ – A Global Complementary Digital Currency
BENEFITS OF VERA-CITY, VERACOIN™
&
VERASHARES
REVENUE
STREAMS - VERA-CITY, VERACOIN™
&
VERA SHARES
TOWARDS
A PURE CREDIT ECONOMY
A
COMPLEMENTARY CURRENCY PRIMER
OPEN
ENTERPRISE MODEL - A SELF REPLICATING SYSTEM
AN
OPEN LETTER TO OCCUPY WALL STREET
THE 1%
- A HISTORIC PERSPECTIVE
IN
CONCLUSION
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