Dear TRIA Token holder,
At the time of writing there are 1,653 TRIA Token holders with a fixed total circulation of 276,000 TRIA. In 2018 the profit share has been a whopping $ 183,371 (~ € 161.000). This has been the result of the strong CombiCoin sales in January 2018 and the profits we generated with our trading tools we developed throughout 2018.
In this TRIA Token update we will explain more about:
- TRIA Token profit share
- TRIA Token
Monthly (update 12 april Quarterly)
- Expectations of 2019
Tria token Profit share
In December 2018 and January 2019 there has been no profit share distributed. The simple reason for this is that there was no profit for Triaconta. The expenses, mainly on developing of Bundles, in these two months have been higher than the gross profits we realized with Bundles and our trading tools.
Not only has the cryptocurrency market changed but also our business.Therefore we decided to use this update to clarify the future for TRIA Tokens and future profit share payouts.
Original profit share plan
According to the CombiCoin white paper TRIA Tokens are entitled to a profit share of 50% of the profits generated with our “CombiCoin smart trading software”. This software would have established a controlled CombiCoin price and would have generated profit for Triaconta. Unfortunately, the “CombiCoin smart trading software” never came to realization because of regulatory reasons.
Nonetheless we wanted to reward our TRIA Token holders and decided to do a profit share in a different way then described in our whitepaper. From November 2017 until November 2018 we have send out profit shares based on the sales of CombiCoin, the buyback procedure of CombiCoin and the trading results we realized with our trading software. We weren’t obligated to do so, but because of our great appreciation to TRIA Token holders we decided to do this anyway. In total this resulted in the payout of $ 183,371 worth of Ethereum.
To ensure that Triaconta will be able to keep on going forward, continue to develop software to generate more income to grow as a company and safeguard continuity we decided to do the profit share from now on as described below.
– Profit split between Bundles and trading tools
The complete development of Bundles, both the webportal and all the software that runs behind the scenes has been fully paid by Triaconta’s earnings in the past. For a small company as Triaconta this was a huge investment of money and time. Nonetheless, we believe in honesty, openness and fairness and that is why we have decided that TRIA Token holders will still receive 50% of the profits made from Bundles. These profits consists out of: Entry fees, mutation fees, rebalance and revisions fees and exit fees. Reason for this is that, Bundles is the closest to the “CombiCoin smart trading software” as mentioned in our whitepaper and with this construction we deliver as much as possible from our original promise to TRIA Token Holders.
During our ICO, that ended on 31-9-2017, we raised $2.26 million and this means that we reached our first development milestone: developing the “CombiCoin smart trading software” that ended up being the “CombiCoin BuyBack feature”. Because of this Triaconta had to invest more than 90% of the costs needed to develop and maintain the trading tools, that are mentioned in our fifth milestone set at $7.5+ million, by itself. That means that every euro made during the sale of CombiCoin, Triaconta gave 50 cents away to TRIA Token holders. The other 50 cents Triaconta received themselves and was used to pay for staff (support, marketing, etc), lawyers, office costs and to develop the Trading Tools. Although again we invested our own earned money into those tools, we know that we would have never started without TRIA Token holders. That’s why on top of the Bundles profit share we will distribute 10% of the profits generated with these and all future trading tools. The main purpose of the rest of the profit is investing in new tools and improving existing tools.
– From Monthly profit shares to Quarterly profit shares
Because calculating and distributing the profit shares takes time and money, and because it is difficult to calculate profit on a monthly basis, we decided to better spend this time and money to development of Bundles and various trading software tools. That’s why we decided, starting right now, that we will determine the profit based on a full quarter instead of one month. This means that the first potential payout will be in April 2019.
– Profit share is based on actual profit
Profit shares can only be paid if Triaconta has generated net profit. We will determine per quarter what the exact net profit is. The net profit calculation is as follows:
Revenue realized – costs & expenses – reservations = Net profit
If there was a net loss in the quarter before we will deduct this from the net profit/loss in the following quarter.
Monthly (update 12 april Quarterly)
All TRIA Token holders that have held their TRIA Tokens on the ICO wallet will receive a TRIA Token
Monthly Quarterly update starting next month. This update will contain the following:
- Development update
- Profit share (once per quarter)
If you have moved your TRIA Tokens, or purchased them from an exchange, we can not automatically send you the updates. If you want to receive the
Monthly Quarterly update, please leave your email address here.
Expectations for 2019
As a company we strongly believe that the markets will pick up momentum again in 2019. As more institutions, companies and even countries learn to appreciate the usage of cryptocurrencies, we expect the demand for them will increase. When that happens the prices will rise, leading to people wanting to buy Crypto. This is extremely positive for Triaconta Bundles. An increase of price will also lead to more trade volume across all exchanges, making our trading tools more profitable.
We will keep on developing Bundles, adding more features. Making it even more user friendly and will take over the world with our easy to use Euro IN and Euro OUT system, allowing everyone to buy and sell cryptocurrencies with ease.