Yes. Scorum tokens would not be deemed to meet the definition of a security and, accordingly, the federal securities laws do not apply to the initial distribution of such tokens in the United States. We can send you the legal opinion upon your request at the following e-mail firstname.lastname@example.org.
Yes, the crowdsale was construed in compliance with legal regulations to the maximum relevant extent under the applicable law, covering the Scorum token seller, as well as subject to the standard list of disclaimers and general uncertainty of such regulation. As to the legal regulations connected with the future betting functionality, the betting functionality depends on further legal structuring and compliance. For that reason there is no guarantee and certainty of this functionality availability for the citizens and residents of the regulated jurisdictions. More legal details about the Scorum Token sale you can find in the Terms of Token Crowdsale.
Scorum’s economic model is based on three independent revenue streams: internal advertising, partner programs and earnings from the photo database. Our core belief at Scorum is that the success of our cryptocurrency is based on support by the real economy.
Yes, SCR will be able to be traded at exchanges for other cryptocurrencies.
Scorum Coin (SCR) tokens is a liquid cryptocurrency which can be bought or sold at cryptocurrency exchanges or transferred to other users. These tokens will be available for purchase during the Token Crowdsale. Scorum Power (SP) is an internal token that is used as a mechanism to protect the platform from fraudulent registrations and is also needed to enable technical interactions between the system’s users. SP value is directly proportional to SCR (at 1:1 ratio).
No, a finite amount of SCR and SP tokens will be issued.
No, but you can sign blocks and get rewarded. We’ve set aside a 480K SP pool to be distributed among witnesses (delegates signing blocks) and will further reward them with 5% of SCR generated from advertising profit. The Scorum blockchain uses a Delegated Proof of Stake consensus so all the tokens will be mined and distributed in the genesis block. Block production synchronization among delegates (witnesses) is carried out according to the NTP protocol which is being used successfully in other blockchain systems (Steemit and Bitshares).