Zappl Inc's Investment Post
Investment
We are doing a stake drop selling off 10% to 20% for U.S. citizens. Zappl can only have a maximum of 100 (one hundred) investors under the current S corporation filing. It was done to prevent double taxation issues. Instead only the people who are paid out dividends are responsible for paying taxes on earnings.
Investment Parameters
Currently, we are not permitting investment to non-U.S. citizens. We are also not allowed to accept investments from trusts, estates or LLC’s. However, purchasing large amounts of the stake is allowed with a maximum of 99 investors. Each share is worth $0.12 and is non-negotiable.
- 20,000,000 shares are up for grabs = 20% stake out of 100,000,000 shares
- Minimum buy in Zappl is $12,000. Unless a large amount of stake is purchased by one person which we can then lower the price of entry on the minimum buy-in.
USD, Steem, and Btc will be allowed to purchase these shares.
- Steem will be pegged to a worth of $1 unless the price goes above / below $1
- USD well has a pegged value $0.12 per share.
- Btc will likely be set at the current price at the time. Give or take a few % off the market price to make up for delays in transactions taking to long.
Required:
A picture of both sides of your driver's license a copy of a photo id or a U.S. passport
Business or Residence Address
Social Security Number
Phone Number
Proof of address via a utility, cable or internet bill
Sign an Investor Agreement
Why we need this information:
It’s legally required that we get information on our investors since we have to file who our funders are. Since we are a s corp we can’t have investors that aren't U.S. Citizens.
Funding options:
Bank Transfer: Might take a few days to confirm
Coinbase usd email transfer: Instant
Coinbase btc email transfer: Instant
Btc transfer: May take several hours and price fluxes
Steem transfer: Instant
The top 3 people holding the most shares this round, will likely be given the opportunity to be on Zappl's board of directors. So if your interested in the position that's one way to get it.
There's currently only 98 spots left of the the 100.
This will be update as more investor seats are purchased
Its recommended that you join our discord channel to find out more.
We'll then add you to a special group and a special room for people interested. https://discord.gg/PNwrUSp
You can also contact us at social media profiles below.
The Zappl Team Our social media profiles and misc:
Twitter | Facebook | Discord | steemitchat
Follow, Upvote, Comment, ReSteem, Share
@thedegensloth, @steemitqa, and @zappl
This is the beginning of a great program. I wish i had the funds and was a resident in the states to partake in it. I know i will benefit from it though i cant invest in it right now due to financial and residential problems. Keep it up @thedegensloth
We can fully understand maybe the next round x]
its ok I have 10 Zaple tokens i bought for 1 SBD each on openledger.io and last i checked it was like ovr $100 worth of bitshares and it was my first time using openledger.io
Thank you @zappl....@thedegensloth.
Sounds lovely
Will get back to you.
Cheers.
Alright.
What benefit will investment to Zappl bring considering that it is not a blockchain but will work to utilize the steem blockchain. How is Zappl going to make more to pay dividend?
That something that is explained in our business plan which requires people to sign an nda to read.
to @richguy here is why zappl will add to steem, its all abouyt the bells an whistles AND an android app u can use to acess steemit that actualy lets anyone signup to get on steekmit! not oike steepshot or esteem which needs a posting key etc, zappl will onbaoprd people as fast as instsgram does! imagine allthe things u coul do ONTOP of the steem blockchaon. DPOS of the way we upvote to decide who gets the nw inflationary steem is a great way to run a social network these days, because u need crypto currency but bitcoina nd ethereum arejust so electricity hungry! EOS willchange all thios, make thinsg mro efficientm and allow steem to flourish as well
Ok so zappl wil brnbg all sorts of crazy features to steem, like ud find on facebnook or twitter or instagram, it will make steem like a really easy to use app, like how View.ly will be youtibe for steem blockchain, its kjust imagine steem bockchainw ith all the bels an whistles
steemit hasto be basic because they had to getteh basics of createing a working social media on a blockchain, and they ddid it, its why @dan finishes his work with steemitm, and now we can sese front end development now that the "back end" is completed, and we will see all sorts of new features including live javascript powered gaming with stem blockchain where posts will have games inside them where u pay SBD and you can activate the game, and winner received the SBD like inserting quarters into an arcade, it wil be glorious
that is just one smal example, i am running out of awake power
Woot woot twitter better watch out cause it's about to get ZAPPED!
Woot!
oh ya!
How will this affect current ZAPPL holders? Entirely different?
It won't effect anyone the buy back will still occur
they said ZAPPL was a loan..
Well legally that's whats it's considered these were a buy back token with no dividends and have been said since the start they would be bought back. That 49% of the earnings would be used to buy them back. Which was explain on podcast and in posts. These were never permanent tokens.
Is the cost to purchase shares $0.12 per hare when paid in USD and $1.00 per share when paid in SBD? Am I understanding that correctly?
Two different things dex coins 42,000 coins zappl inc has shares worth 12million usd with 100,000,000 shares. So that would be 12 cents each.
Is there a plan to convert the entity from a Subchapter S Corporation to a Corporation at some point?
One sticking point with Subchapter S Corps is the issue of being taxed on a prorata portion of the profits whether the company elects to distribute to shareholders or not and the tax is at the shareholder's marginal rate. Honestly, in startup mode the company should not be distributing potential working capital as distributions and dividends at that stage in my opinion.
Also is there a plan to exit through either acquisition or IPO, or is this a long term hold and build?
Guess I have a ton of questions about it.
We plan to go c corp yes hopefully some time after the 1st of 2018.
IPO will likely come to be a thing i have no reasons to want to leave.
Whats the likely case on c corp filing just after we will prob do a share split and sell the next series at a higher rate and allow some investors to make some back. But until that point shares aren't sell able at all.
Just as a reminder some questions will not be answered publicly we have a private business plan that explains as lot of how things will be handled. But it requires people to sign an nda to read it.
Hey, i'm interested in reading the business plan, what is the process to sign the NDA?
Please feel free to send us a message on any form of our social media, discord or steemit.chat
Also, are SBDs pegged to a specific USD amount, or is it valued at whatever the trade value is at the time of remittance?
Damm that's a good number to invest.
Thanks for providing the information about it.
No problem.
Wish I had $12,000 laying around.
Did you check in between the cushions of the sofa? I'm checking mine and the dryer right now!
Well i guess its the thought that counts.
let me think about it!!!
The think song from blues clues.
R you in angel list? that would be a better place to have Q&A
https://angel.co/anees-shahul?public_profile=1
Yes we have profile