Bulleon Dividends explained
The most important goal of Bulleon is to distribute all the tokens. This achievement at the end of phase 10, will lead to the calculation of the funds the project requires to accomplish the set goals. Hence, 80% of the surplus funds (ETH) will be distributed in such a way that it goes to the top 25% by ownership of the total supply of BLN. The dividends calculation will be based on the percentage of the total surplus funds raised.
The remaining 20% will go towards the operation and running of the company which will require working capital. It is crucial to note that this will be a one-time dividend payment. For instance, 148,009ETH will be raised by the end of Phase 10. This figure is the total surplus funds from the ICO. If an investor owns for example 6650BLN, representing 0.07% of the total supply of BLN. The investor will be entitled to receive 0.07% of the total surplus of Bulleon in dividends. Similarly, this is equal to 17.5 ETH or approximately 12,000 USD.
The Bulleon project is one of the ICOs in the market that gives all the investors in the market control of their investment despite the amount of contribution they make to the company. Besides, the voting rights, which will give the investors the opportunity to decide the direction Bulleon should take in future, they investors are also offered quarterly dividends.
The 25% in terms of total ownership percentage will be entitled to 40% of the operating profit made by the company. The percentage of the quarterly dividends will depend on the total operating profit of the entire company. It is vital to note that the company will pay dividends to the investors as long as it makes profit.
To understand how the dividends will be calculated, it is essential to consider an investor who owns 6650BLN. This gain represents 0.07% of the total supply of BLN. At the same time, the operating profit for the company in the first quarter of 2019 is $90,000,000. The calculation based on the operating profit shows that the investor will receive $31,500 in dividends.
Dividend distribution
The dividends distribution process consists of two stages: getting the accurate data about the BLN distribution among users (dividends report) and spreading the company profit among the token holders. To have a proof of BLN ownership by exact addresses, Bulleon will make snapshots of Blockchain prior each dividends distribution using a specially developed tool. It allows capturing of the current state of tokens distribution among investors as on the exact block. The number of the milestone block, as well as an approximate date and time of its appearance, will be announced in advance, both by email and on the Bulleon Website. Bulleon financial management undertakes to transfer 40% of the company distributable profit to the dividends distribution smart-contract on a quarterly basis. The date of dividends distribution will be announced in advance at Bulleon official website. A dividends distribution smart-contract is designed to distribute profit among the investors according to their stakes. All the payments will be made in ETH. Dividends will be sent to those addresses whose BLN token ownership will be proved by a snapshot of the blockchain.
One-time dividend payment
Once all tokens are sold, the first goal is achieved. At the end of Phase 12, it is calculated how much funds the project needs to reach all the goals, 80% of surplus funds (ETH) will be distributed to the top 25% in total ownership percentage in relation to the total surplus funds. 20% of the funds remain available to continue the operation of the company. This is a one-time dividend payment.
Example: after the end of Phase 12, the surplus funds will be a total of 485,000ETH. You own 6650BLN, which is 0.07% of all BLN supply. You get 0.07% of the surplus funds in dividends, which is 339.5 ETH (roughly 340,000USD).
Quarterly dividends
40% of operating profit will be paid quarterly to the top 25% in total ownership percentage in relation to total operating profit of the whole company. Dividends are paid to shareholders as long as the company makes the operating profit.
Example: You own 6650BLN, which is 0.07% of all BLN supply. The company’s operating profit for Q1/2019 is $ 90 million. You will receive 31,500USD dividends.
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