Zář 12

UK Issues a Warning on ICOs But Some Are Already Immune

· September 12, 2017 · 8:00 am

Less than a year after the industry began, running a Blockchain business using a digital token has suddenly become a lot more complicated.


ICOs Float Between A Rock And A Hard Place

The free-for-all of the first six months of 2017 when Blockchain startups and ‘projects’ created and sold tokens at will, often for hundreds of millions of dollars, has changed thanks to snap regulatory decisions.

The context of regulator reactions continues to dictate digital token or ICO market performance.

SEC Issues Warning for ICO Organizers and Investors

In more liberal settings such as the US, the Securities and Exchange Commission (SEC) has sought to create a wary environment among Blockchain businesses looking to issue a token. According to its exact functions and technical make-up, a token may or may not conform to the legacy description of a ‘security,’ and issuers must act accordingly to stay above the law.

The UK has become the latest major economy to publish official guidance on the phenomenon. Literature released Tuesday, September 12 by the country’s Financial Conduct Authority closely tracks the SEC.

“Whether an ICO falls within the FCA’s regulatory boundaries or not can only be decided case by case,” it states.

Most recently, however, a considerably harder route to ICO market control has come from China. Together with the US, it constitutes the largest participant in the industry, accounting for $398 million of its total $1.7 billion value.

As of September 2017, digital token sales are banned in China, a decision even affecting completed sales retroactively, compelling some businesses to refund sale proceeds.

First Movers Dictate The Golden Rules

The situation poses obvious problems for China-based projects, who are now considering how to continue operating in a market where even fiat-to-crypto exchange could soon become illegal for the second time.

Not a lot of countries have any type of regulation in place,” Blackmoon Crypto CEO Oleg Seydak told Bitcoinist about the current status quo.

Token issues will pay major attention to jurisdictions which have a position on the matter like USA, Singapore, China and comply with that regulation or avoid interactions with their citizens. Blackmoon Crypto is a Blockchain-based platform for tokenized investments, also preparing to launch an ICO. Like international platforms such as LakeBanker, the project faces a regulatory headache launching in such an uncertain global environment.

Tezos and Other Exciting New ICOs

When asked what industry participants should do to bulletproof themselves against unpleasant regulatory challenges, Seydak’s immediate reaction is to create as strong an offering as possible.

“The best solution is to be cross-blockchain startup. But it’s hard from a technical point of view,” he said. “At the same time, it becomes more and more easy with each day.”

Shutting The Door For How Long?

Imbued against regulatory shuffling by technical design are ICO projects which have been years in the making, such as Vinny Lingham’s Civic.

A steadfast delivery and plan for token use has come on the back of a highly controlled yet innovative token sale that ensured few doubts remained about developer integrity.

But so far, the interim method of choice for ICO-implicated businesses has simply been to deny participation to US and Chinese citizens.

The consequences of being lax about adherence are plain to see. This week, China’s regulators ordered even completed ICO campaigns to refund investors, while the scenario of a re-worked regulated ICO industry appearing in the country remain pure speculation.

ICO

Ahead of its planned ICO campaign, LakeBanker is therefore reviewing its options for both the short and long term. One thing is for certain: few cues will come from Civic, the platform having labelled Lingham’s sale “North Korean” in an article in August.

“At the beginning we will focus our resources on countries other than the US and China,” Lakebanker CSO Andrew McCarthy explained to Bitcoinist.

Our choices of the locations are based on two criteria: where our services are needed most and where legal overheads are not beyond reasonable. There are many countries that meet these two criteria better than the US or China.

The company has already converted to a de facto non-Chinese operation, having previously had only little involvement with the market. Chinese investors will also face initial exclusion.

In future, however, things could readily change, and such eventualities are already implanted into the platform’s roadmap.

“For the US and China some preparation work of the markets can be done in parallel, which include compliance/licensing, recruitment, and technology,” McCarthy added.

We will definitely shift our focus to the two biggest economies in the world in a year or two, when we have more streamlined processes, experienced operational teams, and good track records from other markets.

LakeBanker’s ICO is due to commence September 15 as a fixed-price sale, followed by a phase 2 Dutch auction in October.

Do you agree with the tactics of the ICO’s mentioned? Does the industry need more regulations? Let us know below!


Images courtesy of Shutterstock 

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Zář 05

Snip platform looks to rewrite how the public receives their news

· September 5, 2017 · 12:19 pm

A solution to many of the worldwide concerns about the media comes to market in Snip, a decentralized news feed platform that is completely censorship resist and permissionless.


Problems with current media outlets

For decades, you could probably count on one hand the number of media sources where you get your news from. The biggest corporations in the space had complete control of the content that is in newspapers, TV, radio. But with the rise of the internet, this strangle hold has been loosened. The media is still very controlled and centralized, cracks are beginning to show in the system. For the first time, we are seeing how the media is influencing their content to be aligned with their own agenda. Accusations of fake news are flying around like bullets, with everything from most major sources need to be taken with a level of skepticism.

The team behind Snip are looking to offer the world a better alternative. Snip offers a decentralized new network that can solve many of the current systems problems. The concept behind the platform is that users will be generating short news submissions, or snips, that can be read by anyone else on the platform. Snips can be in a host of forms, such as audio or video clips or even traditional text based posts. This makes the idea incredible censorship resistant, an important talking point in today’s media.

How the platform works

Many applications are hitting the market today that can scan most news outlets for relevant articles. Users can input their interests to receive more personally tailored content. The platform has own custom build algorithm that can filter content to each user’s interests except now the sources it can pull from are endless as anyone can submit their work.

Snip has already partnered with advertisement network AdEx to provided relevant and effective advertising for snips. It gives a fantastic source of revenue for content creators that currently struggle with monetizing their work. In a world of plagiarism that can be done with a simply copy and paste, getting paid for their original work incentivizes writers to want to work on the platform. The whole system works with its own native cryptocurrency known as SnipCoins. They are used to transact value throughout the platform from users, creators, and advertisers.

A total of three billion SnipCoins will be released through its upcoming ICO, the planned start date being towards the end of September. The ICO is valued at $8 million. Post ICO plans for the project is to release a closed, invite only alpha to let people test out critical features such as commenting, voting, custom news feed capabilities, and protections against spam.

Are you using to use this platform upon release? How do you think it will challenge traditional news sources? Let us know in the comments 


Images courtesy of  Appdisqus, Snip

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Zář 01

AdEx announces partnership with content platform Snip

· September 1, 2017 · 1:00 pm

Decentralized advertisement network AdEx has announced its partnership with the content platform Snip.


The AdEx Platform

AdEx is a decentralized advertisement platform that uses blockchain technology to offer a fast, secure and efficient advertisement network. The platform was founded by the same team that created Streamio, a video content aggregator. On June 30, 2017, the AdEx token sale was able to raise the impressive amount of 40,000 Ether. In the last couple of weeks, the development progress of the AdEx platform has greatly increased. With an official blog post, the AdEx team showcased several screenshots of the new upcoming AdEx platform. Recently, the AdEX team has announced a partnership with the prominent smart-economy platform, NEO.

The platform is going to be available for both desktop and mobile.

Partnership with Snip

Snip is a decentralized service that offers user-generated short content for readers. Users of Snip can write unique short stories regarding various topics like tech, sports, entertainment, politics and much more. In exchange, the writers will receive SnipCoin, a cryptocurrency that was created by the Snip team. In a press release, the AdEx team officially announced their partnership with Snip. The partnership will allow AdEx to offer high-quality ads on the Snip platform. CEO of Snip, Ran Reichman, expressed following thoughts about the new collaboration:

We’re especially excited about using AdEx’s bidding and anti-fraud systems, which will allow us to present user with relevant ads and deliver maximum revenue to Snip writers,

Ivo Georgiev from AdEx also quoted following :

AdEx is pleased to announce partnership with Snip. We believe their technology and approach to content curation will fit quite well into our own philosophy.

The teams believe that the collaboration will help the platforms to further grow their user base. Both advertisers and content creators will also greatly benefit from this partnership.

What are your thoughts on AdEx and Snip? Do you think that both projects will be able to benefit from the partnership? Let us know in the comments below!


Images courtesy of Pexels, AdEx

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Srp 30

The Blockchain ‘Uber’ of Car Towing, CarTaxi Launches Ethereum Based Platform

· August 30, 2017 · 12:56 pm

Russian blockchain developers CarTaxi have just launched the first global service for towing vehicles. The platform brings together a list of all car towing companies and is already starting to change the outlook of the market. In the two months following the platform’s initial launch, the service already operates in over 15 different cities. The company’s global launch will be later in the year and the company has already organized its Pre-ICO campaign, set to begin on August 30, 2017.

[Note: This article provided by BitcoinPRBuzz]

The global vehicles towing markets value is estimated at roughly 26 Billion USD and is expected to rise with an increasing number of new units in production. The industry is set to prioritize obstruction-free traffic, enforcement of law and order, and the convenience of vehicle owners.

 CarTaxi has created a network of registered and licensed car towing service providers, through the implementation of blockchain and cross-platform programs. The company believes that they made a significant breakthrough in the level of service they can provide for both corporate and private clients. CarTaxi has stated that they have introduced more accountability into the industry and subsequently provide easier access to the most suitable towing company for all users. Registered users of the platform will be able to bypass long phone calls and instead call a towing service with the CarTaxi smartphone app.

CarTaxi can see the potential benefits of blockchain technology for their business and have outlined a plan to implement it based on Ethereum and expedites payment transactions, between car towing service providers and stakeholders. This will also provide transparency in the oversight of company activity.

Ethereum smart contracts provide suitable interfaces for business processes, such as new client registration, processing new clients orders and settling payments with service providers and investors. Smart contracts record all new orders, locate client’s coordinates, vehicle parameters and estimated time of arrival of a towing vehicle.

In the event that a car towing company does not reach its destination, the service price will be reduced or will be subjected to penalties. The service will confirm the order details and will then organize an inspection for vehicle damage. If details are not matched for some reason the smart contract does not allow to proceed to the next step. Following completion, the program analyzes the final parameters and automatically pays the towing company.

The company has put special focus on order fulfillment as it plans to provide services for vehicle transportation over large distances and in difficult logistical scenarios.

ICO Launch

The upcoming Pre-ICO on August 30, 2017, will go on until September 19, 2017, which will be followed by the official ICO campaign set to begin on September 29, 2017, until October 29, 2017. CarTaxi has set a total cap of 500 million CTX, of which 12.5 million will be available in pre-sale and rest at the time of ICO. During pre-sale investors can purchase CarTaxi tokens with a 45% bonus.

The proceeds from the token offering will be invested in further development of car taxi’s service. CarTaxi has scheduled blockchain activation during Q4 2017, followed by its expansion into USA and China in 2018 and Europe in 2019. With the opening of representative offices in India and South America, the platform will be available worldwide by 2021.


Image source:  PcWallart

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Srp 14

Tezos to Open $50 Million Venture Fund After Raising $232 Million

· August 14, 2017 · 4:00 pm

Tezos, the startup whose recent ICO raised $109 million in less than 15 hours and a total $232 million in just three days, has announced its plan to open a $50 million venture fund.


The $232 Million ICO

Tezos - The $232 Million ICO

With the recent hype surrounding ICOs, more and more startups are trying to raise money through token sales. This July, the U.S.-based startup launched its initial coin offering and was able to raise $232 million, which at this time is the second largest amount any ICO has raised, coming in just behind the Filecoin ICO, which managed to raise the record breaking $250 million.

The blockchain startup is offering what they describe as a “self-amending cryptographic ledger”, a decentralized platform for smart-contract verification and validation, which is primarily focused on banks, financial institutions, and corporations. Not content to rest on their recent laurels, Tezos have been focusing on the development of their own VC fund, which they announced in their August update.

The VC Fund

Tezos ICO

Usually, when start-ups raise huge amounts of funding, they primarily invest it in growth, research and development, or marketing initiatives. Tezos decided to take a slightly different approach for their funding distribution. According to an article by Crowdfund Insider, Tezos’ new $50 million VC fund will mainly focus on investing in startups and companies that use the Tezos platform. The remaining funds are being slowly diversified and invested in more traditional investment vehicles like stocks, bonds, and precious metals.

The idea of the venture capital fund is to drive more third-party development for the Tezos blockchain, and thus help grow the Tezos platform. The fund will also invest in projects that they feel will help promote general blockchain development. It is also worth noting that due to the blockchain split on August 1, in addition to the bitcoins that were raised through the ICO, the startup has also received the equivalent amount of BCH which they are planning to invest into various assets.

In their August update, the Tezos team had the following to say about their new venture capital fund:

We are extremely pleased to announce a commitment of $50 million in venture capital funding to companies looking to build on the Tezos platform. This capital will be partially deployed through venture capital partners to be announced, as well as through a direct venture arm. The innovation and growth of the ecosystem is the top priority of the Tezos Foundation.

Currently, the team is actively coding on the long-awaited platform that will power a new kind of smart contracts.

What are your thoughts on the new $50 million venture capital fund from Tezos? Do you think that it will help promote their platform? Let us know in the comments below!


Images courtesy of Pexels, TezosFoundation

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Srp 07

CashCow ICO Looks To Boost Indonesian Cattle Farmers’ Profits

· August 7, 2017 · 4:00 pm

Hong Kong based Bitcoin Entrepreneur James Bang announces CashCow ICO designed to increase Indonesian cattle farmers’ profits from the sale of their cows from 20% to 33%.


The South China Morning Post reported on Bitcoin entrepreneur and investor James Bangs’ desire to revolutionize the cattle financing model, specifically in Indonesia where the large population of farmers is unable to buy their cattle assets outright.

 Family Vacation To Indonesian Family Led To CashCow Idea

Family Vacation To Indonesian Family Led To CashCow Idea

James Bang first thought of the CashCow ICO during a trip to Indonesia with his family, where he observed that his Father-in-law had sold two cows for HK$27,300 (approximately $3489.82 US Dollars) to pay for the renovation of his kitchen.

Bang noted:

For another family, their motorcycle was old and they needed to upgrade. So they sold two or three cows to be able to afford a major purchase.

Cattle are then easily accounted for by representing them with tokens on a fully documented blockchain ledger, in this case, the Ethereum blockchain. However, most poorer Indonesian farmers do not directly own the full worth of their cows, which are financed for purchase by third party financiers. The farmers are liable for costs such as feed and veterinarian bills while the financier often takes the largest share of a cow’s final sale price, whether this be to another owner or directly to beef production facilities.

Airbnb for Cows

Airbnb for Cows

Discussing the impetus behind CashCow, Bang explained:

I was really inspired by Airbnb… I figured how can we apply this to the agricultural industry … There had to be a way these farmers could maximize their extra farm space.

While the South China Morning Post does not elaborate on this point, it is possible that farmers will be able to leverage their extra farming space by possibly accommodating investor cows. Bang hopes to raise US$15 million through the offering set for launch in October 2017, which will be used to fund the purchase of calves.

Higher Returns for Cattle Farmers

Bang said his goal is to give farmers higher returns when they sell their cattle, which he sets at 33 per cent, given the cost cutting afforded by the lack of third party accounting this is a reasonable increase in income for farmers currently only getting 20% of the cows’ final sale value.

Finally, Bang will also give investors 33 per cent from every cattle sale, with his start-up reinvesting the remaining third to purchase further cattle and build larger cow sheds.

Will this ICO be something you are interested in and is this the kind of ICO that you think Blockchain technology is ideal for? Let us know in the comments below.


Images courtesy of Pixabay, Pexels

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Srp 06

Po.et Partners With Blink To Automate Licensing Digital Content To Major Media Companies

· August 6, 2017 · 6:15 pm

The prominent blockchain-based digital asset management startup Po.et has announced its partnership with the global content studio Blink.


Proof of Existence 2.0

Po.et is a very young blockchain startup that aims solve multiple problems in the digital content industry. The Singapore and Los Angels-based project utilizes blockchain technology in order to create a platform that makes publishing, licensing and distribution of digital assets easier.

The Po.et platform would essentially use blockchain technology and smart contracts to eliminate the middle man and thus, allow content creators to directly sell their digital assets to publishers, without having to pay enormous transactions fees. It’s worth to note that Po.et’s platform includes a digital media licensing market, which would allow publishers to directly select digital assets that fit their territory.

Currently, the Po.et project is planning to host its initial coin offering with the help of Moscow-based startup, Zerion. Interested contributors can invest into the token sale with an invite code that can be obtained through the official po.et website.

Partnership with Blink

Po.et partners with Blink

In an official press release, Po.et announced that the international content studio Blink has partnered with the young startup to efficiently track licenses with the help of blockchain technology.  According to the press release, Blink’s customers include prominent corporations like Google, Airbnb, ESPN, and more. In the article, the CEO of Blink, Matthew Craig, stated following about the partnership:

The unwieldy process of managing licenses and copyright terms for the large volume of content produced by Blink is simply a fool’s errand – our clients want a better solution that creates transparency and accountability at every stage of licensing and our artists deserve it. This partnership is a critical step forward for licensing and will allow Blink to continue servicing the insatiable market for original content at scale,

Konstantin Richter, responsible for the Business Development of Po.et also added:

This partnership allows us at Po.et to envision a complete marketplace where freelancers can get hired, protect their work and get rewarded for it in a proactive manner. The Blink participation will help us to ensure we develop the right blockchain utilities to serve their needs,

With the use of blockchain technology and smart contracts, Po.et will be offering an extremely useful tool that will save publishers and content creators from a lot of “headaches”.

What are your thoughts on the Po.et and Blink partnership? Do you think that Po.et will become a successful platform? Let us know in the comments below!


Image courtesy of Po.et, Pexels, Shutterstock

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Srp 01

ICO Haven Sent Packing; Singapore follows SEC Lead to Regulate Securities-type Token Sales

· August 1, 2017 · 5:15 pm

Exactly one week ago, the SEC issued a report concluding that certain token sales could be considered securities, and hence were subject to regulation. Today, the Monetary Authority of Singapore (MAS) issued a similar statement, clarifying that, in some cases, Initial Coin Offerings (ICOs) were essentially equivalent to securities, and should fall under the same regulatory procedures.


I can’t help but feel slightly responsible. After all, just five days before the SEC report was published, I wrote an article describing many of the recent ICOs as tantamount to “buying shares in a stranger’s start-up.”

Oops!

SEC Issues Warning for ICO Organizers and Investors

Say What Now?

Sure, the SEC report was a direct response to the hack on the Ethereum side project, the DAO hub, almost a year ago… So I guess that can’t be my fault, but the timing is more than a little suspicious, wouldn’t you say?

Okay, the SEC focussed more on the risks to investors, and (quite rightly IMHO) ascertained this. If the token issued is promising to give investors a return (i.e. dividend), then it should fall under the realm of the SEC, and be subject to regulation. These rules are there to protect investors, so really it would be churlish of us to complain.

They also decided that they wouldn’t press charges at this point, but that future ICOs should be wary of where the often hazy line is drawn. Many token sales already prohibit U.S. citizens from participating for just this reason, so it’s not something we weren’t already aware of.

But Singapore? They Were Like… Totally Chill Man!

Well, yes and no. Singapore’s recent experiments with the tokenization of its currency were seen as an implicit embracing of all things crypto, with local authorities stating that they don’t consider digital tokens as securities. However, this is also the place where you can be fined $100,000 dollars and spend two years in jail for chewing gum.

The report is very clear and states:

The function of digital tokens has evolved beyond just being a virtual currency. […] Where digital tokens fall within the definition of securities in the SFA, issuers of such tokens would be required to lodge and register a prospectus with MAS prior to the offer of such tokens

So the Party’s Over?

No. Not by a long shot. Both the SEC and MAS reports specifically stop short of claiming that all cryptocurrency tokens and ICOs will fall within their remit. The MAS explicitly states that their “position of not regulating virtual currencies is similar to that of most jurisdictions.”

As would be expected, no specific definition is provided as far as what will or will not count as a security. But implicit in these reports is the assertion that this isn’t going to affect your Bitcoin, or your Ether, or your Just-doing-this-for-a-joke-Coin, whatever.

If a coin functions as a coin, then it should be fine. If a coin functions as a token for the purchase of service or product within an eventual eco-system, then that should also be fine.

If a coin is promising dividends based on a company’s profitability, then… yeah. If it sounds like a share in a stranger’s start-up…

But… but… but…

Let me repeat once again that these regulations are here to protect us, the investors.

Yes, our eyes may spin like a cartoon character’s until the pupils resemble dollar signs at the mere thought of that near-mythical level of profit that a friend of a friend down the pub told us about but we would all be sick to our stomachs to find out that the ICO we just plowed our hard-won life-savings into was just an elaborate Ponzi scheme after all.

To ignore the risk of one for the sake of the other would make us not investors. It would simply make us gamblers.

What do you think of the SEC and MAS’ recent reports? Will it have an impact on which ICOs you choose to invest in? Have you found yourself frozen out of an ICO because of where you live? Let us know in the comments below.


Images courtesy of Wikimedia Commons, Fotolia

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Čvc 14

Switzerland’s Private Banking Sector Offering Bitcoin as an Asset

· July 14, 2017 · 3:30 pm

Switzerland’s Falcon Private Bank has partnered with a local Bitcoin exchange giving the financial institution the opportunity to offer Bitcoins, as well as altcoins, to its customers through asset portfolios.


Falcon Private Bank

On Wednesday, Falcon Private Bank took major steps in a number of avenues within digital currency when it announced that it would be storing and trading Bitcoin within its asset infrastructure. Wealthy customers of the bank will now be able to branch out into digital currencies, allowing them to hold, buy and sell Bitcoin directly through the bank.

It is a move that many have expected to see for some time as slow moving financial institutions like banks and asset management finally come around to the idea of digital currency and the markets that they are building.

A Pioneering Nation

A Pioneering Nation

Switzerland has pioneered the way for digital currencies of late with its light touch in terms of regulations. Bitcoin-based businesses have been categorized under the same lenient laws that also control financial technologies, separate from the usual banking licensing and red tape.

Falcon bank received the green light from the regulators in the country, setting a new precedent for private banks. It is an important and ground breaking move as the hopes are that it will be successful enough to prompt other institutions across the globe to follow suit. The crypto asset-management market is a huge, untapped entity that could provide banks with a fresh and technologically advanced market.

Bitcoin Trading added to Falcon Private Bank

Moving with the Times

The partnership between Falcon and Bitcoin Suisse, the local digital currency exchange, is seen as a positive step for the bank’s customers as well as the institution itself as it works to resurrect its stuffy and traditional brand.

Arthur Vayloyan, Falcon’s global head of products and services, said in a statement:

We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients. Falcon is convinced that the time is right to enter this nascent market and it is our firm belief that this new product will fulfill our clients’ future needs.

Although Bitcoin and other digital currencies have seen a sharp downward turn since the highs of the $3000 Bitcoin, there is a belief held by these institutions and agencies that are entering the digital currency market that the rise will continue in the near future.

Would you be willing to make your trades with Bitcoin through a bank? Is it possible to have a bank involved in Bitcoin, or does that defeat the object? Let us know in the comments below.


Images courtesy of AdobeStock, Falcon Private Bank, MaxPixels

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Čvc 12

A2B Direct to Launch Blockchain Platform and Hold ICO

· July 12, 2017 · 3:00 pm

Logistics company A2B Direct, currently operating in Eastern Europe, announced the launch of its Ethereum-backed ICO. Beginning on July 12th, 2017, the campaign is scheduled to last for one month and seeks to raise between €500,000 to €3,000,000.


The platform was first introduced in late 2016 and became widely known as a “freight Uber.” The service provides direct interaction between freight forwarders and cargo owners, ensuring 24/7 communication with the driver, and taking care of all involved paperwork while getting rid of forwarding expenses.

A2B Direct

A2B Direct ICO

Unlike most companies that hold coin offerings, A2B Direct is not raising funds for the purpose of developing a solution. They already have a platform that is fully operational and already in use.  Instead, the ICO is raising funds to finance transferring the existing platform onto blockchain in order to cut expenses for international transportation and make business easier for both carriers and customers while allowing them to work with Fiat and cryptocurrencies at the same time.

The A2B tokens sold during the ICO will entitle investors to receive their share of the company’s profits similar to traditional shares, and the raised funds will be used for the expansion of the company in Western European and American markets.

How the ICO Funds Will Be Allocated

Depending on the total amount raised during the campaign, the company has rolled out several development strategies:

€500,000 – A2B Direct will focus on hiring Ethereum and blockchain developers to facilitate transferring the platform onto the blockchain.

€1,000,000 – As above plus A2B Direct will launch a European office and adapt its services to European standards.

€2,000,000 – As above plus A2B Direct will open several offices in Europe while adapting its services for the specific needs of a particular country.

€3,000,000 – As above plus A2B Direct will launch an American office.

In the event that the A2B Direct ICO fails to raise the minimum €500,000, all investors’ contributions will be refunded in full.

A2B Direct Logistics

How to Contribute to the ICO

The A2B Direct ICO will be accepting investments in Bitcoin, Ether, and Dash, and will require that users register a personal wallet to run all financial operations during the campaign and later receive dividends for the company’s further operation and progress.

The minimum contribution amount is set at $10 USD for which one may buy 100 A2B tokens, with 30,000,000 tokens issued overall. This amount accounts for 30% of the company’s assets. The tokens will be pegged to USD in order to link the growth of its exchange rate to the expansion of the company. The token price will depend on the number of vehicles subscribed to the platform, therefore their price will directly reflect the platform’s activity. Owners of A2B tokens will be entitled to use them as soon as they are received.

If A2B Direct sells between 2 and 19 percent of the issued tokens, investors will be entitled to 6% of annual dividends as calculated based on the number of tokens held by each investor individually. If the company sells more than 20 per cent of the tokens, the investors will be receiving 10% of the profits annually. Additionally, A2B will award bonuses to token holders as of 2018.

Further details about the A2B Direct project and the ICO model are available in the whitepaper.

What do you think of A2B Direct’s platform and ICO? Do you plan to participate? Let us know in the comments below.


Images courtesy of A2B.direct

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