Alice, as the shipwright, creates a ship named “The Covidtreader” with 1000 shares. She defines the maiden voyage, enlists a crew, and allocates shares based on contributions.
Post-voyage, shares are distributed: 3000 (Alice), 2000, 2000, 2000, and 1000. The next voyage’s design and share allocation are determined collaboratively by the ship’s owners.
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# Example 2
Alice has an idea for a innovative business. She does a bunch of work to define the business and creates a Ship, The Covidtreader In her Creation process Alice allocated all 1000 shares in the Covidtreader and allocated them to herself. She also defines that a Special Motion (root access to the Governance docs) requires a >75% majority, and an Ordinary Motion >50% Alice is the Shipwright. She is the Owner. As sole owner she controls 100% of it's shares. Alice appoints herself as Captain of the Covidtreader. Alice defines a Voyage and seeks to Enlist a Crew. She sets out what she wants to achieve, what sort of crew she's looking for, an Enlistment Contract for how the Pof8 will be divided between the crew at the end of the voyage. As Owner, Alice is at liberty to make individual agreements with each crew member, or have a single agreement for all the prospective crew. Alice chooses to have a single Agreement for the maiden voyage. In it she defines what she wants to achieve through the voyage and a length of time. She creates 9000 new shares and decides that these will be divided up proportionally between all the Crew according to how many hours they log on the Maidan Voyage. Alice find a talented crew of 5 other pirates (Free sailors, not the Navy) and after a jug of ale in the Inn they set of on a voyage of discovery. <<<voyage happens, value is created, the Covidtreader comes back better than it set out>>> After the voyage and the debrief in the Inn the shares are allocated. During the voyage 2 of the team mates put in 20% and 50% of the time of the others (the did the same). The one who put in 20% didn't complete the voyage and said they don't want any peices of eight. Discarding them and including Alice then the shares are allocated 2000, 2000, 2000, 2000, 1000 (they one who only did 5%). Alice already had 1000 so the Shares of the covidtreader are now allocated 3000,2000,2000,2000,1000. The Covidtreader and 4 members of the previous Crew are itching to voyage again. What happens next is up to them as Owners of the Covidtreader. Alice is still Captain and everyone is happy with that. Together they design a new voyage. Although the voyage will be longer and need some specialist skills and probably more hours of work, they decide to only create 5000 new shares, since they have discovered that what was created thus far is very valuable. To approve the voyages the Owners unanimously pass a Special Motion. The Captain selects a crew and the Owners again approve. In this case they draft in a no-sql heroku and offer then 2000 of the shares....