This share sale is not to be confused with Dex coins, the Dex coins that are currently being held are considered a loan. So they do not pay out dividends and are not considered shares in the company. Zappl will continue with the plan we laid out for the Dex coins and gradually the buy back will still go forward.
How the definition came to be a loan, when seeking legal council we gave the post for our links and how it was set up. We origanally thought this was more of an iou token but turns out its not.
Dex coins agreement:
49% of the earnings from the site would be used to gradually buy back the token.
Gradual Buy back would occur with in the the first 3-4 month from sites profits.
Perks would be included for those holding them till 7 days after the launch.
Buy backs would occur every 3 months or sooner depending on the profits.
What was not said at any point:
That these dex coins permanent.
That these dex coins would pay out dividends.
That these dex coins proved ownership in the company its self.
We do plan to do right by the people who helped with the creation of the site. Some people are claiming things that were never said and i think we worded some things in a way that could have confused people. But there is a difference in what we have said and have been saying in our videos, live streams, interviews and chat we have hours a day with holders.
Shares were meant as we would pay back with at least 49% sites profits would be used to buy those tokens back. Some people understood that and from what i seems some people didn't, which is in part our fault as well.
We felt it was best to clarify this. We have been explaining since the launch of these tokens they would be bought back.But on a side note there is a chance of a share drop which were currently figuring out the legal side of things. We think when we go public C corp company we should be able to do a share trade for the Dex coins that are being held. Currently under review we will provide future updates on this topic.
Please feel free to ask any questions, we have since we started have been very open about the project and have been very open about the going on with zappl Inc. So if you would every like to chat with us please come and chat with us on discord we would love to talk to everyone in the community and hear ideas.
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