Board seats, dividends, which tier a company reaches, and the limits on a share price.
Board seats
How a cap table turns into board seats, and who ends up controlling the company.
Formula
D'Hondt over shares; 5 seats, a strict majority of seats controls the boardHolder 14
Holder 21
Holder 30
Holder 40
Total shares1,000
Seats needed for control3 seats
Controls the boardHolder 1
Dividend split
What each shareholder receives from a declared dividend, to the last Levcoin.
Formula
payout = floor(total × shares ÷ outstanding), leftovers to the largest remaindersTotal shares1,000
Per share100.00 Levcoins
Holder 160,000 Levcoins
Holder 225,000 Levcoins
Holder 310,000 Levcoins
Holder 45,000 Levcoins
Smallest legal dividend1,000 Levcoins
Company tier
Which tier a company qualifies for, and the production bonus and worker slots it brings.
Formula
public = ≥5 holders and ≥25% of shares held outside the founderTierPublic company
Free float30.0%
Float a public company needs25%
Production bonus10%
Worker slots at this level15
Worker slots: sole proprietor9
Worker slots: company11
Worker slots: public15
Listing fee250 Emeralds
Share price & floors
The price band on the exchange, the company sell floor, and market capitalisation.
Formula
floor = max(1, floor(reference × 0.5)) · share band = ±50% of the reference priceCompany sell floor100 Levcoins
Lowest allowed share price100 Levcoins
Highest allowed share price300 Levcoins
Market capitalisation200,000 Levcoins
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