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