How to incorporate a DAO and issue tokens to be ready to raise money from VCs
While DAOs can't precisely replace traditional VCs, they can potentially disrupt the crypto industry. What is a DAO?A DAO, or decentralized autonomous organization, is an online-based organization that exists and operates with no single leader or governing body. DAOs are run by code written on a blockchain like Ethereum (ETH) and are owned and operated by the people who use them.There are many different types of DAOs, but they all have one thing in common: they are decentralized, meaning that decisions about the organization's future are decided by the collective group and not a single....
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Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing.
Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid
The Democratic Party of Korea, the country’s leading political force, is going to raise election funds through cryptocurrency and issue receipts to donors in the form of....
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs. The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering.FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be among its top national priorities for countering terrorism financing and ensuring proper Anti-Money Laundering....
Crypti Foundation released on 23rd of December their first DApp (Decentralized App), Crypti Tokens, that allows users to issue custom tokens and to send and receive them on the Crypti Tokens sidechain. The Crypti Foundation team has grown from the original 5 members, and aims to build a Decentralized Application Platform that is useable, safe and economic, and thus falls in direct competition to the Ethereum project. They released their first DApp earlier this week, that is able to manage colored coins, but these colored coins only work on their sidechain, not on the Bitcoin blockchain.....
Companies we've never heard of are launching IPOs before our very eyes. But instead of ringing the IPO bell after years of operations, they are going public on day one, and instead of raising money by selling their company stock, they are building distributed networks and selling their own tokens. This new way of building companies is what Fred Ehrsam , founder of Coinbase , described as the "decentralized business model". Yet, many of the established rules about building and investing in businesses don't apply to this new model. What can we learn from the companies going down....
Karmacoin was established as a principle-based cryptocurrency that differs in its approach and aim by rewarding and promoting goodwill and positive behavior. And the coin is proving to be a success, recently raising $US 2,500 in 24 hours for the Children in Crisis organization that will go towards food and education for 400 orphans in Kenya. Now, Karmacoin has announced that it will incorporate and issue shares to the community. It has registered itself as the first ever cryptocurrency to launch shares - Karmashares LLC. Members will also have the chance to “do good” by giving a part of....