Topic: [ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈 - page 10. (Read 30425 times)

Each EQB is like a blank security form that allow for million of shares/assets to be created. EQB will cater for all sorts of companies that would like to release such assets using a decentralized platform. Each EQB is divisible by 8 decimals like Bitcoin. They can always be returned to blank state giving an incentive for underperforming assets to get out of the market and give way to new offerings.

Equibit will be open to anyone to use, of course big companies who are already on stock exchanges will have to perform a corporate action to switch over to the Equibit system. If the motion carries all the existing holders (i.e. the stock exchanges and institutional investors) they could then do a share-for-share swap. However there are thousands if not millions of secondary and otc markets and startups alone all over the world, Equibit cuts down the overhead costs of creating, managing and distributing shares. But iis also much more than that. You can read our whitepaper to find out more.

Our lawyers will actually be preparing a comprehensive legal resource for companies in all major jurisdictions to do this. There would be template shareholder/director resolutions, bylaw amendments etc. We also want to identify all the jurisdictions that allow securities to be issued in bearer (anonymous) form. I think that will be a huge plus and Equibit could help remediate the negative reputation that bearer assets currently have.

The incentive is that companies using our platform would no longer need to use a transfer agent, which represents a major portion of their investor relations overhead. Equibit is much more than simply a securities register, it can be used to communicate with all our your investors, poll them, handle proxies, and KYC issues in the secondary market. Apple has millions of investors worldwide and doing that using existing services is terribly expensive, slow, and insecure.

There is no minimum contribution to the token sale. We don't offer refunds as specified in the terms of sale, the team will do with what they raise.
EQB will be available on exchanges after the network launch.

We explained what happened in our clarification, things like this happen especially with a well known character like McAfee and news outlets looking for more clicks to their websites. We refer you to our Press Release: http://equibit.org/post/mcafee-clarification/ please read it.

Our code will be open source and everyone will be able to audit it. Our GitHub is set to private for the moment and will be made public once the network launches.
We will also have security advisors vet our code and we will make announcements in due course. Right now the priority of our developers is to get things ready for the network launch.

If you consider price as high you must check Choronobank ICO.Their Time token is nearly $10 per token and they have successfully raised 4000+ btc and still counting.
I hope devs become more active here and response to all the genuine questions raised here.

Price already 60% higher after a meager 300k have been raised. 60%! This is ludicrous. That's the kind of multiplier you get at the end of a very successfull and widely advertized ICO after a month and millions invested, not less than two weeks in with almost no capital raised. I heard of this ICO for the first time today and am already turned off right from the start: the ICO price has already eaten most of the profit ICO investors could expect to make. It's simply not worth the risk anymore. If this finds bag holders buyers at this price, color me surprised.

John McAfee is NOT an Advisor, he never was, there was a big "shirt storm" over that. Seems like the Equibit team manged to "sort it" but he is not advisor at all.

ICO looks to be a high valuation, puts many people off, people want low value / market cap coins so they can get bigger returns.
Also the team is very quiet here, so many questions are going unanswered.  So hard to invest, unless you just like taking risks, like i do. 

How are traders not jumping all over this ico. Transparent and legit team working on project for several years, vc invested in first round giving $3 million valuation, John McAfee as advisor, low initial coin count. This is an investors wet dream. Looking forward to future developments and the equibit launch in a few months from now.

What advantage does Equibit have over Byteball's Regulated assets?

"Regulated assets
Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign."

Only around $30k left of 2nd tranche... Get it while it's cheap?

Is it similar to melonport or taas?What are the minimum investment one can make and what are your refund policies?Will equibit be available on crypto exchange like Poloniex,bittrex etc?

I read through the news clarification regarding McAfee.

However it still doesn't answer the question:

1) How did you guys end up stating he will be taking the CSO position and reporting directly to the board?
Whether his position was to be full-time, paid or not, how does one just hand out the title of CSO without any actual contractual agreements, NDAs, etc and most importantly without the CLEAR understanding of what role he would be playing. Consulting and taking a position at a company are two very different things.
This is highly suspicious, and raises a huge red flag. - please clarify how this confusion came about.

2) What are you plans for a security audit of your code and with whom potentially?



I ask these questions because my investment and I'm sure many others depends on these answers.

+100

Many thanks for the replies, much appreciated.

Looking at the Equibits team, i am sure i have seen a couple of these members in other projects.

There is no mention of any teams members been involved in other crypto projects, can you confirm this please.


The 2 Team Members in question are:

Chris Horlacher

and

Marc Godard


OK and your OP still has a link saying John McAffee join Equibit, which he clearly has not and was very unhappy to read such!
http://betakit.com/john-mcafee-joining-toronto-based-blockchain-security-startup-equibit/

https://twitter.com/theemrsmcafee/status/801850511678914560

Quote "not cool motherfuckers"

and you still have link there saying he did join you....  and you have very high valuation of company already....

 

thank you for your feedback, I personally think EDC are making a great innovation , but I am curious how the Chinese start-up company can use the EDC system. Due to EDC is a system created by a Canada's company, Is it familar with Chinese local law? how to ensure the stock created on EDC systems is legal and effective , and approved by Chinese goverment? if possbile, I wish get more detail introduce from DEV, thanks.

play themself,lol

We will have some announcements to make soon, stay tuned.

Agree with you, more development and great marketing can make it interesting for traders.

I think you have to add more news in the forum to show traders that the project is active and continues to move forward.
The forum of your project has a few updates.

Your project looks good to me and I think he needs a little push to get started.

We are incorporated in Ontario, Canada as Equibit Development Corporation (EDC).

This is our entry in the Federal Register of Corporations: https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=9444190

https://ico.equibit.org/

$2.5