CORE Founder's COFINT Token Now Available For Purchase - Details Inside

CORE Founder’s COFINT Token Now Available For Purchase – Details Inside

CORE and Core Office Furniture Ideas Northern Territory Pty. Ltd. are pleased to announce finalized details regarding the COFINT token to be issued on the NXT asset exchange.

CORE and Core Office Furniture Ideas Northern Territory Pty. Ltd. are pleased to announce finalized details regarding the COFINT token to be issued on the NXT asset exchange.

COFINT is a token created by the CORE Founder to bridge the gap between his ‘brick and mortar’ business model and the blockchain. In alignment with the aspirations of the CORE project, this token allows individuals spanning the globe to purchase a token that represents a portion of the Director’s post-tax earnings. The COFINT token does not represent an investment in the registered company. It is simply a mechanism allowing capital to be raised and earnings to be shared.

The total amount of COFINT tokens in existence is 100,000. One (1) token will be equal to one (1) Australian dollar (AUD) during the initial distribution to be held during the first week of April 2016. During this phase, COFINT will be available to CORE holders who fit the following criteria at the corresponding rate:

10,000+ CORE – 10% discount

5,000+ CORE – 7.5% discount

1,000+ CORE – 5% discount

1,000 CORE – 2.5% discount

A snapshot of accounts holding CORE has already been taken prior to this announcement and will be used in determining where each purchaser falls in the above criteria.

Tokens will be sold in exchange for bitcoin (BTC) via a manual transfer from the issuer account. CORE holders, please contact CORE Co-Director MX via SuperNET or CORE Media Slack if you wish to purchase COFINT tokens and be prepared to send a NXT message from your account to the issuer account to confirm your ownership. The maximum purchase for each NXT account is 1 BTC.

Subsequent offerings, if there are unsold assets following the initial offering, will be unscheduled. These offerings will not be discounted and a minimum of 1000 CORE will be required to participate.

Weekly payments in BTC will be distributed to token holder accounts beginning April 7th, 2016. The estimated rate of return is projected to be 3-5% per month. COFINT is an Australian-based company so returns are subject to AUD fluctuations.

COFINT will be be tradable at launch on the NXT asset exchange and paired with NXT only until a means of pairing COFINT with BTC becomes available.

Because there are no COFINT Founders Shares, CORE will not receive any complimentary COFINT tokens. However, CORE will invest 1 BTC in COFINT and will be looking to purchase more COFINT in the future.

All communications regarding the COFINT token are to be directed toward the CORE Executive Board within the CORE Media Slack at http://slack.coremedia.info/.

Welcome to the Future of Incorporation!

A CORE CONCEPT of COMPANIES.

http://cofint.com.au