Allocating Net Profits
October 19, 2018
Here is an updated plan for distributing net profits earned through the quasi decentralized autonomous organization Tenqido. This all may be subject to change since Tenqido is a DAO or quasi-DAO.
Net profits derived from social media advertising, and social media site/app memberships, profits will be allocated as follows.
- 5% of net profits will go to healthspan research funding
- 5% of net profits will be devoted to supporting a basic income cryptocurrency blockchain
- 5% of net profits will go to partial cumulative profit dividend fund
- 5% of net profits will be distributed to directors and executives
- 5% of net profits will be distributed to shareholders (if there are any, otherwise this will go back to directors and executives)
- 5% of net profits will go to charities (nonprofits and DAO’s)
- 70% of net profits from advertising will be distributed back to users/members
For profits derived from other efforts of Tenqido, and not from content created through social media services, profits will be allocated as follows.
- 5% of net profits will go to healthspan research funding
- 5% of net profits will be devoted to supporting a basic income cryptocurrency blockchain
- 5% of net profits will go to partial cumulative profit dividend fund
- 15% of net profits will be distributed to directors and executives
- 50% of net profits will be distributed to shareholders (if there are any, otherwise this will be allocated to charities)
- 20% of net profits will go to charities (nonprofits and DAO’s)
This all may be subject to change since Tenqido is a DAO or quasi-DAO. Tenqido will eventually help humanity to experience more happiness.