creatextfive

31 may 2015 7:15pm

creatext will next provide players tools

for dealing with raising capital for further development efforts

but very different than all other models i know about

no project team member controls the money raised

not even the originator

instead the creatext system controls the money

any team member can add any amount of capital at any time

this gets added to a total & capital ownership is automatically calculated

nothing else is valuated within this capital ownership feature

what adding capital does for you only applies to spending the capital

you get a proportional vote directly based on your ownership

and when money is to be spent

all owners vote on all decisions to spend

and again all this is automatically determined

even the vote result threshold is calculated from all the owners

for you see every owner also specifies a threshold

threshold meaning e.g. a 2/3s majority or a 51% majority, etc.

every owner specifies a number from 0-100

and based again on ownership % the threshold is automatically calculated

potentially different for every single project