FAQ
Straight answers, no hype.
If something is planned rather than available, we say so on this page.
- What exactly am I buying?
- Nothing is being sold as an investment. You apply for membership of a Danish cooperative society. Membership gives you one cooperative position, one vote and a documented, verified membership.
- What does membership cost?
- Annual Membership is EUR 160 per year. Founding Lifetime Membership is EUR 1,200 once. The applicable monthly account/service fee applies to active accounts.
- When does my membership become official?
- Your membership begins officially when your admission has been approved, your payment has been registered, and you have been entered into the ByteShares membership register.
- Can I subscribe for additional shares?
- Yes. As a member you may subscribe for additional ordinary cooperative shares and thereby contribute further member capital to ByteShares. Additional shares are recorded as part of your member capital and treated under the ByteShares statutes and membership terms. Additional shares grant no additional votes: one member has one vote, and no extra membership subscription is charged per additional share.
- What is the difference between membership and member capital?
- Your membership gives you member-owner status, membership rights and one vote. Additional shares allow further member capital to be contributed without creating additional memberships or votes. Any return, repayment and other economic terms for member capital follow the ByteShares statutes, membership terms and applicable rules.
- Do additional shares increase founding rights?
- No. A Founding Lifetime Membership can only be acquired once per verified person and the founding position is identity-bound. Additional ordinary shares do not create another founding position, another founding certificate, another vote or a larger share of the separate founding economic participation.
- How long does Founding Lifetime Membership last?
- It is personal and continues for the member's lifetime under the applicable membership terms. It ends on the member's death, or in accordance with the articles of association and membership terms if the applicable ongoing monthly account/service fee is not paid.
- Is the Founding profit pool a guaranteed payout?
- No. The first 10,000 qualified Founding Members collectively participate in a defined pool corresponding to 20% of qualifying future profits — profits, not revenue. There is no guaranteed distribution, it is not automatic equity, and legal, tax, accounting, reserve, compliance and governance conditions apply.
- Does the ledger launch when member 2,500 joins?
- No. Genesis is a funding reference of 2,500 verified Annual Members intended to support the first controlled infrastructure MVP. The full ByteShares DLT does not launch automatically at member 2,500.
- Do tokens give me more votes?
- No. Neither VPL nor TIB grants any additional voting rights. Every verified member has exactly one vote.
- Is the digital account a second membership?
- No. It is the operational digital representation of your existing verified membership. The certificate remains the legal proof.
- Can a permanently closed account be reopened?
- No. Permanent closure is irreversible. The account cannot be reopened, reused or transferred, and the old key cannot reactivate it. Historical ledger records remain as immutable audit trails.
- Does closing my account end my membership?
- No. A closed or empty DLT account does not complete a legal withdrawal. A formal request is also required, and any eligible repayment is handled under approved terms.
- Do I get shares in a specific AI City environment?
- No. You are not buying a digital apartment in one particular city. You become a member-owner of ByteShares Andelsselskab, the cooperative that organises the activities and solutions developed within the member-owned structure. Membership does not automatically provide direct shares in one specific AI City environment.
- Which language is authoritative?
- Danish is the default and authoritative language. English is provided as a fallback for convenience.