Topic: [ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈 - page 11. (Read 30477 times)

What price ICO now?

What is your legal status? Are you registered?

Thanks for reaching out.

1. 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.

2. Companies in any countries should be able to use Equibit. 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.

3. The incentive is that those companies 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.

4. It's a fair question, but there's no objective answer (value is subjective). Every ICO buyer is making their own educated guesses as to what the token will do.

I have read the equibit.org and linkedin carefully, and read the previous posts carefully. I have some questions as below:
1, Who will use the equibit systems? Uber? IBM? start-up company?
2, Which country company can use the system? USA?Canada?China?Japan?
3, Why they will choose using equibit system, but not local existing financial system?
4, How will equibit company ensure the token after sale will be higher than mining token? as we know, after 1M token sale, the other token will be mined everyday for 50/block, there will have 50*6 /hours*24hour/day=7200token/day mined .
thanks.

carry on with your work like this and one day you will be happy with this effort by you..

Good to know there is no info what is the algo.

We will announce more details on Equibit specs when we get closer to launching the network.
More info will also be available when we publish our roadmap which is due soon. 

Read through all of the pages and every post.

Can we get a clear cut answer, so is the algorithm SHA256 just like bitcoin? Yes or no?

We appreciate the feedback and value it.
There are about 50 days to go to the end of our ICO.
We are in no rush to sell tokens and understand some of you may consider the price higher than the usual ICO.
We have evaluated our target market opportunities and we believe the price of the various tranches reflects our estimates well.

We also do not encourage anyone to contribute unless they understand what we are trying to do and see the value for themselves.

Feedback has been noted, for any query you are welcome to join our Slack and talk directly to the team:

https://equibit.herokuapp.com/

Your ICO Price is ridiculous.

            For me it is a classic study of avoiding responsibility. Yes, there are moments that are not far from the "truth", but the promise remains the same ... - "we are cool guys, you can trust us and not to provoke the failure of its project development escrow, which is not easy to find, and so on. d. " This is a kind of logical contradiction. If you are cool, confident in the success of the guys, why do not guarantee return on investment? We are not asking for guarantees for the project's success ... nothing personal - just business!

Companies will have to comply to existing regulations, we will have a system for them to register their assets and we'll make sure they are compliant for the part that involves the use of our services. Companies will also have to do their own legal due diligence of course.

thanks for the response. i should of made my post clearer. i was wondering about the regulations to use the blockchain to be used by companies to transfer equities. thanks

Our system has been evaluated by independent counsel and a securities regulator as well in Canada.

Also our terms of sale are available on the ICO page, we recommend reading them carefully.

https://ico.equibit.org/

In particular:

EQBs will be available for trade after the network is launched and that will be after Equibit has been polished and tested to our satisfaction.
This is some time away and we will publish a roadmap on our website soon to address timelines.

what about the legal aspect as far as regulations?

Can we trade EQB at exchanges? When?

We have updated our blogpost to make it clear we didn't sell EQB at $ 0.50 back in 2015.
We added an update pointing to the follow up VC funding post.

Thanks for the feedback.

http://equibit.org/post/investor-opportunity/

KCN news made a little intro video for our ICO.

https://www.youtube.com/watch?v=C1a95WeTowY

is any one there and ready for sharing his knowledge about it.