Funding for round one will either be completed in this round or next !!! We are getting pretty close!!! by steemislandinc

View this thread on steempeak.com
· @steemislandinc · (edited)
$3.24
Funding for round one will either be completed in this round or next !!! We are getting pretty close!!!
![IMG_0638.JPG](https://steemitimages.com/DQmQEhQHJMuamFFEfaewMFeKF4KKr48CwEjKcarveyy6So4/IMG_0638.JPG)

To buy a part of steem island all you have to do is transfer the amount of steem you want to contribute to the steemislandinc account (@steemislandinc). All the Steem collected in this account will be held in steem power so that all contributors can keep an eye on it. The price at this point is one steem per share. After we collect at least 1000 steem I will form a corporation named steem island inc. and I will make a post with all the legal information so that it will be stored in the Blockchain.

The Corporation will be owned by all the people who put in steem. The first people who contribute before the total contribution reaches 1000 will be the officers of the corporation and I will be the CEO. So the person who puts in the thousandth Steem will officially close the officer selection round. We will all have an equal amount of say. The only additional power I will have over all the officers is to break a tie in the event that a tie happens when voting. Although all the officers will have equal say, the value of each officers holdings will still be based on the amount of shares they own. Again, during the first round, which will be called the officer selection round, shares will be based on 1 steem = 1 share.

The next round of funding, which we will call "round two", will be based on a contribution of two steem per share. So in order to contribute in round two, the minimum contribution will be 2 Steem which will be equivalent to one share. To be sure, in round two, shares will be base on 2 Steem = 1 share. The second round will close at 10,000 steem. So the person that puts in the 10,000th steem will officially close round two.

The next round of funding, which will be called "round three", will be based on a contribution of three steem per share. So in order to contribute in round three, the minimum contribution will be 3 steem, which will be equivalent to one share. To be sure, in round three, shares will be base on 3 steem = 1 share. The third round will close at 25,000 steem. So the person that puts in the 25,000th steem will officially close round three.

There will be one final round of funding which will be called "round four". The guidelines for round 4 funding will be published by the officers of Steem Island Inc. at the close of round three funding. The price per share in round four will be a minimum of four steem per share. To be sure, shares in round 4 will be based on AT LEAST 4 STEEM = 1 share.

All the steem held in the Steem Island account "in trust" for Steem Island Inc. and for everyone who has contributed the steem. If for some reason this does not work out in one year's time period, then everyone will be returned 100% of their contribution.

After round 4 is completed, we have enough steem in the account to buy an island, which will already have been chosen by the officers.

If and when the account becomes overfunded the last people putting in the steem that created the overfunding Will be refunded.

So let's see how round 1 goes!!!

FULL STEEM AHEAD!!!

CURRENT CONTRIBUTIONS:
40 @riosparada
1 @louiscpt
5 @swolesome
2 @elleselephant
1 @wakeupsheeps
1 @rishi556
6 @rickyjrios
8 @platonicsironic
16 @nikant
21 @missiontothemoon
1 @barrydutton
5 @rigaronib
77 @riosparada (steemstock contribution - steemstock is now owned by US!!!)
1 @papa-pepper
1 @vegansilverstack
300 @broncnutz
103 @oldtimer
6 @dzboston33
1 @bigt
1 @almvide
1 @doctorcrypto
3 @monkimo
10 @pbock
1 @ura-soul
1 @coincravings
2 @elyaque
5 @uruiamme
50 @anotherjoe
2 @blackvapor
25 @inphiknit
10 @pbock
100 @robert-call
1 @transhuman
12 @girlwithavoice
1 @donnaincancun
15 @aliciaonline.now
10 @realcodysimon
1 @mirthilweed
64 @biglipsmama
10 @stackin
2 @lydon.sipe
1 @grizzman
101 @solarguy
1 @elementm

ROUND ONE IS NOW CLOSED!

P.S. Steemstock will be wholly owned by Steem Island Inc. so congratulations to the first contributors you now on part of Steemstock!!!!

Here is another option to add to the list:

![IMG_0619.PNG](https://steemitimages.com/DQmWuTZrgTWKxdEE8uE9CqJq3yxdMnmLRgYehf74rZNqYbt/IMG_0619.PNG)

NOTICES:

Please do not send Steem to the @steemislandinc account directly from Blocktrades or any other exchange. Send it to your account first and then send the steem from your steemit account to avoid any confusion and to memorialize the transaction.

To all current members of Steem Island Inc. If youou want it if you create your own post please paste the link in the comments on this post so I can resteem from the Steem Island Inc. account. Make sure to include a link to this post in your own post. Also, all current members please send an email to steemstock@gmail if you have not already done so. Please resteem this post to help spread the word. !!y
👍  , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (27)
@deanlogic ·
Almost 3 dozen people on a 1 acre island? 
That thing is gonna tip over!
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@riosparada ·
$1.06
We are shooting for the 110 acre island. That is just one of the cheaper ones. It depends on how funding goes 😊
👍  ,
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vote details (2)
@deanlogic ·
Well, hopefully $36,000 of STEEM works out to USD$10,000,000 or you'll end up with an island in some cold water lake.
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@almvide ·
$0.19
Splendid, I can taste the Pina colada on the beach already...
👍  ,
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vote details (2)
@steemislandinc ·
$0.07
Me too!🍸
👍  
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vote details (1)
@btcupload ·
upvoted and resteemed :)
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@riosparada ·
$0.97
Awesome! THANK YOU!!!
👍  
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vote details (1)
@biglipsmama ·
This is really interesting, did we scrap through?
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@missiontothemoon ·
https://steemit.com/steemislandinc/@missiontothemoon/update-steem-island-is-178-shares-from-completing-phase-i
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@lassep ·
What a hilarious idea! Hope you'll do your part to conserve it and not make it a trash island =)
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@steemislandinc ·
$0.07
That's actually one of my ideas -all eco friendly! FULL STEEM AHEAD!!!!
👍  
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vote details (1)
@donnaincancun ·
Well I sent all the steem I have with was just shy of 1STEEM! 0.998 More hope im still considered in the first 1000 steem contributors even if it means in on a lower percentage. It's a good idea. Lets see how it plays out! STEEM ON! 😉
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@steemislandinc ·
$0.07
Of course!!! Added you to the list!!
👍  
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vote details (1)
@uruiamme ·
[When I did an audit on Phase 1 funding for Steem Island](https://steemit.com/steemislandinc/@uruiamme/audit-1-of-steemislandinc-steem-island-disputed-list-of-officers-and-bean-counting), I found that **you did not** follow the rules and you should therefore *not* be an officer and your Steem should be returned.  😟
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@donnaincancun ·
Oh ok. I only had 0.998 Steem. I wasn't sure uf you would accept it and make an exception. I was hoping so as i'd love to be in the first round of officers. I absolutely love the idea of Steem Island.
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@donnaincancun ·
Im sorry what rule are you referring to? Did i misread something?
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@darkerhorse ·
can i send sbd or its just steem that is accepted.
properties (22)
post_id6,407,599
authordarkerhorse
permlinkre-steemislandinc-funding-for-around-one-will-either-be-co-mpleted-in-this-ground-20170707t041713201z
categorysteemislandinc
json_metadata"{"app": "steemit/0.1", "tags": ["steemislandinc"]}"
created2017-07-07 04:17:33
last_update2017-07-07 04:17:33
depth1
children2
net_rshares0
last_payout2017-07-14 04:17:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length50
author_reputation1,376,857,164,852
root_title"Funding for round one will either be completed in this round or next !!! We are getting pretty close!!!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemislandinc ·
$0.07
You can send SBD just try to make it as close as possible to an rounded number amount of steem
👍  
properties (23)
post_id6,409,422
authorsteemislandinc
permlinkre-darkerhorse-re-steemislandinc-funding-for-around-one-will-either-be-co-mpleted-in-this-ground-20170707t044524902z
categorysteemislandinc
json_metadata"{"app": "steemit/0.1", "tags": ["steemislandinc"]}"
created2017-07-07 04:45:24
last_update2017-07-07 04:45:24
depth2
children1
net_rshares15,907,242,301
last_payout2017-07-14 04:45:24
cashout_time1969-12-31 23:59:59
total_payout_value0.068 SBD
curator_payout_value0.003 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length94
author_reputation317,037,847,776
root_title"Funding for round one will either be completed in this round or next !!! We are getting pretty close!!!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@uruiamme ·
No, you cannot send SBD when the rules specify Steem!
properties (22)
post_id6,521,696
authoruruiamme
permlinkre-steemislandinc-re-darkerhorse-re-steemislandinc-funding-for-around-one-will-either-be-co-mpleted-in-this-ground-20170708t080520409z
categorysteemislandinc
json_metadata"{"app": "steemit/0.1", "tags": ["steemislandinc"]}"
created2017-07-08 08:05:15
last_update2017-07-08 08:05:15
depth3
children0
net_rshares0
last_payout2017-07-15 08:05:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length53
author_reputation1,096,478,196,143
root_title"Funding for round one will either be completed in this round or next !!! We are getting pretty close!!!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@blockchainevo ·
$0.16
Wow. A Steem Island. This sort of creativity and imagination is what makes Steemit special. Perhaps I will visit this island one day!
👍  
properties (23)
post_id6,416,301
authorblockchainevo
permlinkre-steemislandinc-funding-for-around-one-will-either-be-co-mpleted-in-this-ground-20170707t063407698z
categorysteemislandinc
json_metadata"{"app": "steemit/0.1", "tags": ["steemislandinc"]}"
created2017-07-07 06:34:09
last_update2017-07-07 06:34:09
depth1
children0
net_rshares34,459,435,374
last_payout2017-07-14 06:34:09
cashout_time1969-12-31 23:59:59
total_payout_value0.120 SBD
curator_payout_value0.039 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length133
author_reputation219,898,477,375
root_title"Funding for round one will either be completed in this round or next !!! We are getting pretty close!!!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)