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Demarcations of Ancient Society’s Assets
  • Dec 13, 2024
  • MasterIsaac by MasterIsaac

Introduction

Ancient Society is an expansive initiative that seamlessly integrates blockchain technology with a robust six-ecosystem structure. Beyond the inherent benefits of its cryptocurrency assets, Ancient Society presents promising opportunities for substantial profits derived from its diverse range of software and associated ventures. This article outlines the allocation framework for profits generated within the ecosystem.

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Definition of Profit

In the context of Ancient Society, profit is defined as the revenue generated from various sources—subscriptions, digital asset sales, promotions, Google Ads, advertisements, donations, etc.—after deducting all necessary expenditures. These expenditures include development costs, salaries, taxes, and sustainability-related expenses. It is crucial to note that the profit calculation excludes the original minted coins designated for community distribution. These coins are considered communal assets and must not be treated as profit.

Profit Demarcation Framework

Ancient Society’s profit-sharing model is designed to promote equitable growth, ensure community development, and reward contributors. The profit is divided into three primary allocations:

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1. 40% Allocated to the Community

Ancient Society is fundamentally a project by the people, for the people. To reflect this philosophy, 40% of the profits are reinvested into the community. These funds are distributed among countries based on their membership structure within the society. Community members in each country will vote to decide the areas in which these funds should be invested. This participatory approach ensures that the community remains at the heart of Ancient Society’s growth.

2. 40% Allocated to Investors

Investors, defined as individuals or entities willing to contribute substantial amounts (over $100,000) to the project, are allocated 40% of the profits. The investor are expected to inject $4 million into the project, a crucial milestone for scaling operations. These resources will:

  • Enhance the project’s Blockchain exchange platform by making it more attractive to crypto investors. 
  • Fund high-scale publicity campaigns to establish Ancient Society as a household name.
  • Bolster security measures of the exchange and the entire project at large.
  • Facilitate global expansion to enable us reach every Conner of Africa with our good news 

Unlike traditional financiers, investors form part of the core team, contributing to the project’s day-to-day management and promotion.

3. 20% Allocated to Financiers

Financiers are community members who contribute $1,000 or more after the distribution period. This group plays a vital role in providing financial and logistical support for the project. Contributions can be made incrementally, and members join the financiers’ team upon reaching the $1,000 threshold. The financier window remains open until the investor window commences.

To learn more about the financiers, visit: https://ancientsociety.tech/financiers .

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Benefits for Investors and Financiers

  1. Allocation of Ancient Coins: Both investors and financiers receive allocations of Ancient coins proportional to their contributions.
  2. Hall of Fame Recognition: Their profiles are immortalized on the Society’s Hall of Fame at https://ancientsociety.tech/financiers .
  3. Lifetime Share Percentage: They are entitled to a lifetime percentage of profits based on their investment.

The Next Big Move: Early 2025

As Ancient Society approaches its official launch, the following initiatives are planned for early 2025:

  • Pan-African Engagement: Strengthening ties across the African continent to foster community growth.
  • Investor Attraction: Drawing in additional investment to enhance project scalability.
  • Massive Public Awareness: Amplifying visibility through radio, television, social media, and blogs, ensuring that Ancient Society becomes a recognized brand across Africa.

With all applications now live on Google Play Store and nearing completion for the App Store, the project is on the brink of revolutionizing digital asset management and community-driven blockchain technology.

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Our Current Status

As of now, the Ancient Society is progressing steadily toward completing its ecosystem. However, there are a few crucial financial goals that need to be achieved to ensure the project's success.

Financial Overview:

  • We are left with $20,000 to complete the entire ecosystem within the next two months. This amount will be used to pay our outstanding 2 months arrear (November and December) for developers and pay for some third-party packages for our Ancient Meet's subscription module 
  • We currently have a monthly budget of $6,000, which covers the following expenses:
    • Payment of 7 Developers
    • Renewal of Subscriptions
    • Purchase of Data and Electricity

 

Conclusion

Ancient Society stands as a testament to the power of blockchain technology in fostering equitable growth and community development. Through its structured profit-sharing model, it not only rewards contributors but also ensures the sustained development of its ecosystem. By early 2025, Ancient Society aims to become a household name, spearheading innovation and inclusion across Africa and beyond.

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