Now on the business side of it. It’s going to be like a decentralized autonomous organization. they’re gonna have service providers where there’s going to be a bunch of smart contracts that make decisions about how that organization runs.
Anyway, this 20-minute video, if you really want to understand it, I posted it on my Facebook. You can just go and take a look at it, it’s a 20-minute video, or you can search the website called Slock.It.
That we haven’t missed. That crowd sale’s going to be happening soon. You know what, you’re actually buying something like shares but in the sense that it gives you voting rights, and plus you’re going to get dividends. This decentralized autonomous corporation is going to take a cut of those fees just like Airbnb, just like Uber.
I don’t know what they take, 1, 2, 3% or whatever they decide to take. This decentralized autonomous corporation is going to take like a fee for providing this service and those profits are going to be distributed to all the token holders, right?
They are going to issue these tokens on the Ethereum network and it’s kind of like your equity in this company and you get the vote on decision making and you also get a dividend for holding it just like you would on a stock.