As a complete newbie : how will you manage the "value" of the token ? If it is available on the hive engine market, it will be subject to offer and demand, won't it ?
It means it could be a wonderful investment if you succeed (and that's all I wish you ;) ) but it will also be subject to speculation, and this could be problematic for you. What if the value of the token dramatically goes down ? You won't have money to build the new infrastructures ?
On the governance topic: maybe there should be a "ownership limit". What happens if one person owns all the tokens? Practically speaking and legally speaking ?
As said by @adamada, is it good that anyone can have a share ? I've seen a lot of very nice projects that relied on communities getting out of hand (Warmshowers, Couchsurfing...), due to power balance shift or even simply greed.
Maybe you did it already in the paper work, but you should have some kind of "golden share" (like countries for certain companies) or "veto right" (like the UN permanent members). And have a first circle of screened owners that would act as board members. Then the rest of the owners would act as general assembly.
This would need to write rules on what can be decided by the board, what needs to go through the assembly, etc...
Having a board with a fixed number of shareholder would also prevent someone from having "too much power".
It's just my 2 cents, but my main concern would be the balance of power in the decision process. You'll need strict rules to ensure this balance.
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Great suggestions - here's a few thoughts -
1- token price on the hive-engine market does not matter. it will be subject to demand and offer, so could be higher or lower than the actual asset backed value represented by the token in any single moment.
2 - Asset backed value will be calculated periodically, not sure how frequently we can do this, clever investors will hopefully try to buy under this value and sell above this value, so the market mechanism can work to stabilize the token price around the ABV (asset backed value).
3 - I like your governance suggestions, a veto share is clever, though in my eyes likely to be had not by token investors but by the team here on the ground.
4 - check out the latest post and keep giving your feedback! It is greatly appreciated!!
Thanks for the clarifications.
Concerning 3, maybe I was not clear enough. When I mentionned the golden share/veto right, I meant YOU should hold it (or as you said, the team on the ground).
The idea of a "board" was there to protect the project a bit more and maybe smooth some decision processes that have to be made faster than usual.
I'll have a look at your new post at my lunch break ;) Duty calls !