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How Does It Work?

The client binaries distributed for this release are intended to demonstrate the integration of a single Peershares offering’s test network with the official Peercoin test network. This version of Peershares (0.1.0) is compatible with version 0.4 of the Peercoin network protocol.

If you intend to use the Peershares template for your own offering, you will need to customize the code and compile your own binaries and establish your own network! If you would like to learn how to do this, please review the setup instructions on the Peershares wiki.

Important! The client binaries included in this release (and all subsequent releases) have had their “RealNet” intentionally disabled. If you do not include the configuration file, peershares.conf, the client will close with an error when you try to launch it.

Connecting to the Peershares Template Test Network

  1. 1. Download the Peershares client binary for your operating system.
  2. Launch the client; it will quickly fail, but at the same time it will have created the directory where the application’s data files will be stored.
  3. 2. Create a text file called peershares.conf with the information needed to connect to the testnet. You will need to change the values for rpcuser and rpcpassword to something that only you know. After you’ve entered the content, save the file.

    testnet=1
    rpcuser=changeme
    rpcpassword=changeme
    addnode=54.255.142.16
    addnode=54.72.105.68
    addnode=54.207.53.43
    addnode=54.81.120.250

  4. 3. Move the newly created peershares.conf file to the Peershares application data directory. This will be different depending on which operating system you use:
    For Linux systems: ~/.peershares/
    For Windows systems: C:\Users\\AppData\Roaming\Peershares
    For OS X: ~/Library/Application\ Support/Peershares/
  5. 4. Launch the Peershares application. This time, it will connect to the official Testnet and synchronize with the block chain.
  6. 5. To receive a distribution of testnet shares, please follow these instructions.

Frequently Asked Questions

Is Peershares a new coin?

Each Peershares offering runs on its own block chain, so it is fair to say that each instance is its own cryptocurrency, but it would be more accurate to describe each as a unique cryptoasset.

Can I pay out dividends in digital currency other than Peercoin?

The Peershares template is designed to use peercoins as the dividend currency. While it is possible to customize an individual offering to support other digital currencies, it will require making changes to the source code.

Do I have to give up equity to the Peershares team if I use the template?

No. The Peershares template is offered free of charge, under an MIT License. This means that you are free to repurpose the source code for both personal and commercial projects. It permits reuse within proprietary software provided all copies of the licensed software include a copy of the MIT License terms.

THE SOFTWARE IS PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

Is it legal for me to raise funds by selling shares to investors?

The Peershares team cannot answer this question for you. Different locations are governed by different rules, and it is the responsibility of the owner of the offering to make sure that they are aware of the legal and financial conditions that apply to them.

I’d like to use the Peershares template to create an offering, but I’m not very technical. Can you do it for me?

Beginning to use Peershares to manage the equity of your business will likely require some technical assistance. Please post a comment in the Peershares support forum with a request for assistance. There are members of the community that will be able to point you in the right direction or can discuss further consulting or implementation engagements with you.