Cryptostocks
2014 will be the year Bitcoin takes the political world by storm. Here is how you can get a piece of the action. The Offer CoinVox is offering shares of transaction fees on donations made through our political cryptocurrency donation platform. CoinVox is offering 1,000,000 non-dilutable fee shares at 0. 001 BTC per share. Each share represents 0. 000015% of transaction fees collected by CoinVox. For example, if CoinVox collects 100 BTC in fee revenue, each share would receive 0. 000015 BTC. Shares do not confer voting rights or ownership in the company. This is purely a revenue split, though we welcome the feedback and ideas of our shareholders. Shareholders may register an account on our private shareholders website, where we will go into a bit more depth about our strategy and run contests to distribute bonus dividends. (For a limited time, no registration necessary: http://coinvox. org/shareholders)Bonus dividends will also be distributed at our discretion to early buyers and to shareholders who help us promote this listing. Our buy-back policy: Down the road we may want to buy back some shares in order to increase our retained earnings. This will only apply to those shareholders who actually wish to sell. What is CoinVox? CoinVox is a nonpartisan cryptocurrency donation platform for political organizations — the first of its kind. Towards the end of 2013, the Federal Election Commission (FEC) clarified that political organizations do “not need our permission to accept in-kind contribution of things of value, including bitcoins. ” [1] We have confirmed with a top campaign finance attorney that political campaigns may indeed accept Bitcoin and other cryptocoins as contributions as long as certain basic compliance measures are taken. (Yes, that means political campaigns can even accept contributions in Dogecoin if they are set up for it. ) The CoinVox platform will provide campaign-friendly payment processing, donor/donation tracking, integrated campaign finance compliance, and detailed analytics for Bitcoin and other cryptocurrencies. Our platform will function as a standalone solution, with optional support for custom integration with existing payments platforms like Rally. org, Anedot, CiviCRM, NationBuilder and more. The 2014 election season is now heating up. Bitcoin will be a major issue this cycle. The first Bitcoin super PAC has been formed [2] and there is interest among various organizations to support pro-Bitcoin candidates. With our team of entrepreneurs and experienced political operatives from both sides of the political spectrum, CoinVox can leverage a large network of campaign staffers, candidates, and elected officials to jump-start wide adoption of the CoinVox platform. Why raise the money? There is currently no politically-oriented fundraising platform working with candidates — only payment processors providing very basic services. Our immediate need is funding the rest of our platform development. We’ve got the platform fully designed but only partially built, so that’s priority number one. Then we need to build out our sales and service teams, equipping them to identify, close and service tens, then hundreds, and eventually thousands of campaigns and other political organizations. We already have multiple congressional campaigns and other organizations ready to purchase our platform. They’re just waiting on us. We want to be the first donation platform to accept all the top 10-20 altcoins — but support for all of those coins, plus the compliance requirements, costs money. We’ll pinch pennies where we can, like outsourcing technical development where it makes sense to. Certain positions will be very important; for example, our sales folks need to have enough political experience to know how to talk to campaign managers. Our goal is the broadest possible adoption of the CoinVox platform, while keeping a rough numerical balance between Republican, Democrat, and nonpartisan organizations. We believe everyone should join the cryptocoin economy regardless of partisan or philosophical alignment. We are focusing initially on the US political landscape, but will expand internationally as soon as it makes sense to. Funds raised through this offering will provide us the resources to enter the political cryptocoin market with strength and corner it from day one. Timeline Here are our projected milestones. These may shift around a bit depending on market conditions and shareholder feedback, but they will give you a decent idea of our growth trajectory. Within two weeks of selling 50,000 shares, we will complete phase one of the platform and establish an initial sales operation, enabling us to begin aggressive sales. After selling 100,000 shares, we will launch a service where any US political organization may sign up and instantly begin accepting Bitcoin and Litecoin. After selling 200,000 shares, we will add support for 5-10 additional altcoins. We will accept recommendations from our shareholders for which altcoins to add first. After selling 300,000 shares, we will build out the platform to be comparable in features to the Rally. org platform. [3] After selling 400,000 shares, we will obtain legal advice around pushing this operation international, and come up with a design spec and development timetable for building international support into our platform. We will accept recommendations from our shareholders for which countries to expand to first. After selling 500,000 shares, we will add support for an additional 5-10 altcoins. If you have a favorite altcoin and you’re a big help in getting us to this level, we’ll add it. (Within reason — no Coinye! )After selling 600,000 shares, we will begin a massive paid advertising campaign, integrated with an online grassroots organizing campaign that will incentivize campaigns all over America to accept donations in cryptocoin. After selling 700,000 shares, we will begin a massive public relations push, working to achieve favorable press coverage across a wide range of media channels including network television, cable news, financial publications, newspapers, blogs and more. After selling 800,000 shares, we will add support for an additional 5-10 altcoins. After selling 900,000 shares, we will begin building win-win relationships with other companies and entrepreneurs in the cryptocoin space. Together we will develop a unified effort to expand the cryptocoin presence in the realm of politics, and other verticals as well. We believe that a rising tide lifts all boats. After selling 1,000,000 shares, we will begin a targeted grassroots lobbying campaign to persuade any undecided candidates, public officials or opinion-makers of the benefits of cryptocoin and/or our platform in particular. At that time we will also publicly release a detailed report about our operations in the past, present and future, and where we think we should go from here. We will accept feedback from shareholders and the community before charting a new path forward. Projected Revenue To arrive at our projected revenue for the 2014 cycle and future cycles, we start with the total amount of money raised and spent in election 2012: about $6 billion. Election 2014 spending is predicted to eclipse 2012 spending. [4] For now, we will assume election 2014 spending will be just $6 billion. Given the powerful network effects we are about to unleash, we believe it to be a reasonable assumption that crypto donations will comprise 1% to 2% of the total political donations this cycle. Being first mover on this type of platform, we estimate that CoinVox will capture at least 75% of all BTC/crypto donations this cycle. 1. 5% of $6 billion = $90 million. Assume CoinVox earns an average transaction fee (after commission splits and processor fees) of 3. 5%, that leaves a projected 2014 cycle revenue of $3,150,000. Assuming the continuing upward trajectory of Bitcoin and other cryptos, bolstered by the powerful network effect of mass adoption of cryptocoin by the American political establishment, revenues in the 2016 election cycle could increase by a factor of 10, to upwards of $30,000,000. Those estimate include only organizations in the United States. We will need help from our international friends to understand foreign political scenes, so we can create realistic estimates of our total global revenue. These numbers are all speculative and could be way low or way high. We are entering into uncharted territory. Given that cryptocoins exist in a legal grey area, any business built around cryptocoins will share the same risks. We can’t guarantee that legal or regulatory environments won’t shift against us. Shareholders will have to gauge the risks for themselves and accept responsibility for the consequences. But here’s the thing: anyone on the “tip of the spear” of cryptocoin adoption by political systems in the US and around the world stands to make a lot of money — and will probably drive the price of BTC up in the meantime. At least to us, that’s worth the risk. ;)Are you ready to help us unleash cryptocoin into the world of politics? Sources and Other Links Shareholders website: http://coinvox. org/shareholders[1] “US Federal Elections Commission: Bitcoin Isn’t Money” — http://www. coindesk. com/us-federal-elections-commission-bitcoin/ [2] http://bit-pac. com/ [3] https://rally. org/ [4] https://theweek. com/article/index/256324/the-2014-midterms-will-blow-away-campaign-spending-records “Could Bitcoin Transform America’s Political Fundraising? ” — http://www. coindesk. com/bitcoin-america-political-fundraising/ “FEC proposes rule allowing political campaigns to receive bitcoin donations” — http://www. coindesk. com/fec-proposes-political-campaigns-bitcoin-donations/
