Glossary
Virtual share
A virtual share is a financial instrument to give your contributors stake in your business' success to secure long term loyal relationships with them.
A virtual share is a contract between your company and the contributor under which the company determines the rights that the contributor will get as a virtual shareholder and the conditions for making a payout (e.g. meeting the business goals, exit or IPO, certain revenue threshold etc).
Virtual share plan/program
Final plan on what is the company (issuer) going to reward its contributors and what kind of a promise is attached to their minted virtual shares.
Virtual share pool
A limited amount of virtual shares that has been minted by the company (issuer) and ready to be sent out to contributors.
Issuer
Issuer is the company that issues virtual shares and sends them out to contributors who do meaningful actions for the company.
Recipient
Recipient is the individual contributor, who has received virtual shares from the issuer for doing meaningful actions for the company.
KOOS Company Platform/Portal
KOOS platform, where all our clients will be onboarded and where they can directly send out virtual shares, manage their virtual share programs and use KOOS product features like:
- sending out community updates
- creating community polls
- accessing community data
- managing the earn activities
KOOS Shareholder App
KOOS shareholder app is a platform, where all recipients can manage and view their virtual share portfolio. KOOS Shareholder app is available for download in the App Store & Google Play Store.