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Re: snow post# 8863

Saturday, 03/09/2024 9:06:51 AM

Saturday, March 09, 2024 9:06:51 AM

Post# of 9294
It doesn't work that way. There are no MyCow tokens. They do not exist. You can look at MyCow as the parent entitity of all the verticals. Which is officially called Cow Group (I think). With MyCow being the brand name.

So, for rice we have 3 tokens
RISO = security token and SWIM (Systematic Wealth and Income Multiplier). Backed by 10 LB of rice per token. You are basically granting rights to the company to trade rice on your behalf. And they will cycle it 12x or 24x per year, generating profits on every cycle. Rice is purchased in India (now).
AROZ = utility token. Not active. These usually get burned when the rice is physically delivered.
PADDY = fractional acres for rice farms. Also not active yet.

RISO are the security tokens now reflecting ownership of the vertical company. Same function as ordinary shares.
And yes, 84 accounts have been created. With RISO tokens issued. The same way that ordinary shares can be issued.
The other verticals will follow soon. Gold, Food Carts. And then Plane Seats and Whiskey.

The RISO tokens should be worth close to $10 per token. We will know soon.

I hope that is clear.

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