Our ICO is selling you equity. As a CP (“CryptoPhoto Token”) owner, you literally own part of our business, its assets, and its technologies, which includes multiple high-value granted and pending patents and perpetual rights to company profit distributions. There will never be more than 100% equity, and our contract contains no provision for dilution. As a CP owner, you are literally a shareholder, making CP potentially one of the most tangibly valuable assets available in the crypto-marketplace today.
The unit of cryptocurrency issued under our open-contract and during our ICO will be known as a "CP". Note carefully that CryptoPhoto's security solution makes use of an authentication device and datastructure which is called a "Security Token", and that the term for cryptocurrencies backed by equity is also "Security Token" - We are both of those, but to prevent confusion, we are using the term “CP” rather than "Token" in reference to the contract and ICO.
All income and disbursements in the operation of CryptoPhoto will be performed in units of CP, and the ledger will be globally open and available, including wages, sales, expenses, commissions and dividends etc.
Post ICO, CryptoPhoto will operate as the world's first open and fully transparent corporate entity. All financial activities will take place on the blockchain, with sufficient embedded detail to facilitate fully autonomous company financial reports and tax/government filing activities, with no accountants needed, and minimal effort for auditors.
Obviously, in the early days, our traditional customers will expect to make transactions in fiat currencies, like USD, EUR etc, and our modern customers may wish to transact using other cryptocurrencies, like Bitcoin, Ethereum or many others. To cater for these requirements, we have built a separate and secure exchange, protected, of course, by CryptoPhoto security.