July 20th, 2021
HumanIPO is the new way to build direct relationships with your community. We help creators to discover their top fans, and interact with them on creator’s terms.
Shares represent access to the creator, and the creator's attention to the fans. Fans can buy, sell or redeem shares on creator's terms.
Fans can redeem shares based on the options available on the creator’s profile. Fans can also redeem their custom requests, however such requests can be accepted or declined by the creator.
If the redemption request is declined, fans can try a higher bid for their request. If the redemption request is accepted by the creator, the shares amount goes back to the creator.
Here are some of the examples of how creators can allow the shares to be redeemed:
To buy or sell shares you need to open creator's profile and click on the button buy or sell. For instant orders click buttons Buy now or Sell now. To create market offer click on create offer.
To complete buy transaction you need to make sure you have enough balance on your account. You can deposit your balance here.
For trading use our trading terminal here.
The total number of shares can be between 10 and 10,000,000 shares depending on creators' terms. Total number of shares is secured by creator at the profile activation stage and cannot be changed in a future.
The initial share price cannot be less than 0.01 USD.
By default we recommend using 10,000 as the number of total shares. For the share price we recommend using one of the following structures: 1 share = 1 minute of your time, or 1 share = 1 hour of your time.
Creators' shares can fluctuate up and down in value over time. This happens because of the limited number of shares available, and the current demand on shares. The higher demand for creator shares, the more people buy. The share price goes up as more people buy it.
When redeeming creator’s shares, fans have to specify the bid amount for their redemption request. If the demand is too high, the creator can prioritise redemption requests based on bid amount.
We recommend distributing creator shares portionally. You may want to to discover your share market value first, therefore we recommend to keep the initial shares distribution up to 10% of total shares number.
Everytime the creator accepts the redemption requests - this share amount goes back to the creator, and can be offered on the market again.
The activation process takes from 5 to 10 minutes. You need to create your profile, setup your total number of shares, initial share price, and verify your ID. That’s it.
We’ll identify your activity on the platform and you’ll be automatically verified. Make sure you’ve verified your ID. Only profiles with verified IDs can have the verified mark.
There are no limitations on how much you can earn. It depends on your total number of shares, your share price, and the demand on your shares.
If you have 100,000 followers on social media, we can assume that at least 3% of them are your true fans. 3,000 true fans x $500 per share = 1,500,000 USD.
You’ll get paid as fans buy your shares. Withdrawals take from 3 to 10 business days.
By activating shares, the creator is obligated to perform the redemption requests that are offered in the profile at the moment of the redemption request.
In case the creator wants to move out from the platform or delete the account, the creator must buy back all the shares distributed, or proceed with redemptions for them. We believe that shares represent the creator's reputation, which is much more valuable than the money, especially in the digital space.
Buying creator shares involves a certain degree of risk, uncertainty and/or potential financial loss. In case of death or severe physical degradation, we will use our backup funds to partially compensate creator shareholders for the no longer available service.
Your transactions with creator shares on the marketplace will be treated as a digital asset per tax regulation in your country. For other details please contact your tax advisor.
We’re actively exploring this space and building our own decentralized protocol. We plan to move the market to DeFi infrastructure after the business model is finalised. As long as creator shares represent the for-consumption only products, they won’t need to worry about regulation.
Creators: 7% of funds raised if you meet your goal. Fans: 2.99% processing fee. For transactions, the platform charges 0.5% per transaction.
The FAQs was last updated on July 20th, 2021.
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