To buy a part of steem island all you have to do is transfer the amount of steem you want to contribute to the steemislandinc account (@steemislandinc). All the Steem collected in this account will be held in steem power so that all contributors can keep an eye on it. The price at this point is one steem per share. After we collect at least 1000 steem I will form a corporation named steem island inc. and I will make a post with all the legal information so that it will be stored in the Blockchain.
The Corporation will be owned by all the people who put in steem. The first people who contribute before the total contribution reaches 1000 will be the officers of the corporation and I will be the CEO. So the person who puts in the thousandth Steem will officially close the officer selection round. We will all have an equal amount of say. The only additional power I will have over all the officers is to break a tie in the event that a tie happens when voting. Although all the officers will have equal say, the value of each officers holdings will still be based on the amount of shares they own. Again, during the first round, which will be called the officer selection round, shares will be based on 1 steem = 1 share.
The next round of funding, which we will call "round two", will be based on a contribution of two steem per share. So in order to contribute in round two, the minimum contribution will be 2 Steem which will be equivalent to one share. To be sure, in round two, shares will be base on 2 Steem = 1 share. The second round will close at 10,000 steem. So the person that puts in the 10,000th steem will officially close round two.
The next round of funding, which will be called "round three", will be based on a contribution of three steem per share. So in order to contribute in round three, the minimum contribution will be 3 steem, which will be equivalent to one share. To be sure, in round three, shares will be base on 3 steem = 1 share. The third round will close at 25,000 steem. So the person that puts in the 25,000th steem will officially close round three.
There will be one final round of funding which will be called "round four". The guidelines for round 4 funding will be published by the officers of Steem Island Inc. at the close of round three funding. The price per share in round four will be a minimum of four steem per share. To be sure, shares in round 4 will be based on AT LEAST 4 STEEM = 1 share.
All the steem held in the Steem Island account "in trust" for Steem Island Inc. and for everyone who has contributed the steem. If for some reason this does not work out in one year's time period, then everyone will be returned 100% of their contribution.
After round 4 is completed, we have enough steem in the account to buy an island, which will already have been chosen by the officers.
If and when the account becomes overfunded the last people putting in the steem that created the overfunding Will be refunded.
So let's see how round 1 goes!!!
FULL STEEM AHEAD!!!
CURRENT CONTRIBUTIONS:
37 @riosparada
1 @louiscpt
1 @swolesome
1 @elleselephant
1 @wakeupsheeps
1 @rishi556
6 @rickyjrios
8 @platonicsironic
15 @nikant
21 @missiontothemoon
1 @barrydutton
5 @rigaronib
77 @riosparada (steemstock contribution - steemstock is now owned by US!!!)
1 @papa-pepper
1 @vegansilverstack
300 @broncnutz
103 @oldtimer
6 @dzboston33
1 @bigt
1 @almvide
1 @doctorcrypto
3 @monkimo
10 @pbock
1 @ura-soul
1 @coincravings
2 @elyaque
5 @uruiamme
50 @anotherjoe
2 @blackvapor
25 @inphiknit
10 @pbock
P.S. Steemstock will be wholly owned by Steem Island Inc. so congratulations to the first contributors you now on part of Steemstock!!!!
Here is another option to add to the list:
NOTICES:
Please do not send Steem to the @steemislandinc account directly from Blocktrades or any other exchange. Send it to your account first and then send the steem from your steemit account to avoid any confusion and to memorialize the transaction.
To all current members of Steem Island Inc. If youou want it if you create your own post please paste the link in the comments on this post so I can resteem from the Steem Island Inc. account. Make sure to include a link to this post in your own post. Also, all current members please send an email to steemstock@gmail if you have not already done so. Please resteem this post to help spread the word. It
You are doing a stellar job, keep it up!
Thank you! FULL STEEM AHEAD!!!!
Created this a couple days ago. Feel free to Re-steem :)
https://steemit.com/steemislandinc/@missiontothemoon/have-you-been-late-to-the-party-all-your-life-like-me-here-is-an-opportunity-to-arrive-early
Also, sent you an email from my protonmail account...
https://steemit.com/steemstock/@steemstock/what-is-steemstock
Dude that is such a fun idea. If it actually went through and you had enough Steem Power and Dollars to purchase the island and we could all meet up and chill out on the island Lol
Yes for sure. It will happen!!! FULL STEEM AHEAD!!!!
Hey @riosparada^^ Sorry if I missed it somewhere, but what is the intention with steemstock in relation to steemislandinc? I saw you say that it was the main business here, but you didn't say what it was. Thanks in advance.
https://steemit.com/steemstock/@steemstock/what-is-steemstock
Right I saw that, thanks, but in relation to the island, what's the connection? (Obviously can't have steemstock on an island w/o any development, and far removed.) Also, is the main business for multiple summer festivals, touring, etc, repeat next summer? It can't be the main business if one time, no?
It will be at different locations every year just like SteemFest
I see, so once per year. Sounds like the island has greater potential for a business to me then. But I get that you don't want to play all your cards atm...
The connection is that I thought it would be easier to work on both projects together instead of trying to do each one separate 😉
Saving work load, I can understand!
Are you dreaming of a Steem-Stock-Island-Hotel?^~
@steemislandinc
Nice writeup
Keep it up.
We will!! Thank you!!! FULL STEEM AHEAD!!!!
Sorry if this is irritating, but this is serious stuff! So for understanding's sake, do I have this right?
Round 1: Shares 1000 @ 1 Steem per = 1000 Steem.
Round 2: Shares 5000 @ 2 Steem per = 10,000 Steem.
Round 3: Shares 8333 @ 3 Steem per = 25,000 Steem.
Total before round 4:
Shares 14,333, with 36,000 Steem raised.
Plus:
Round 4: Shares tbd. @ 4+ Steem per = X Steem raised.
Or was the 25 k raised after round 3 inclusive of rounds 1 & 2?
36,000 steem and 14,333 shares exclusive of round four.😉
Ok thanks^^
Do you take steem dollars or just steem @steemislandinc?
It's better if you changed from SBD from your own account and then send steem.
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