Topic: [ANN] ESL Coin & Try English App (ICO coming) (Read 12963 times)

Yes. We have been working on our application to join the Regulatory Sandbox of the Canada Securities Administrators. Fairly soon, we will know if we have government approval to proceed with our ICO. Nobody had before tried to use a cooperative structure to legally represent a decentralized autonomous organization, so it has been a lot to consider.

Also, forgot to mention that we have joined DCube, an incubator for startups using DECENT technology. This is a big step to integrating DCore with the ESL Coin platform.

Yes, it could be that the team is preparing something extraordinary, sometimes to complete it takes a short time and can even last up to months, therefore we must be patient waiting for it.

Thanks for the reply. I can't find any update about the ICO as on the blog as well it says it will be announced soon. Is the coming big update about the sale?

Not dead, just slow in development. We hope to have a big update in the next month. Thanks for your patience.

In the mean time, we have published some new blog articles, if you want to read those: http://eslcoin.org/blog/

Is this project dead now? No updates for months and nobody seems interested in the ICO.

Yup, gotta keep the BCSC off our backs. Securities Commission expects utility tokens to have their utility read to function at launch. Meanwhile, we've been expanding our team and growing our reach in the ESL industry. And finishing the white paper, yeah--getting into the mathematics

Hi,

Yes. Currently we are building the MVP for TryEnglish, writing the whitepaper for ESLCoin, iterating business model and few other things internally. We want to be rock solid before even thinking about ICO and full fledged release.

Any update regarding this project?

As some may have noticed, we decided to delay our ICO further. This followed our latest meeting with the British Columbia Securities Commission. It sounds like we've come about far enough to get a securities exemption at this point, but we'd like to try to push for full utility token status because of how legally groundbreaking that would be. As such, we're still editing our whitepaper and building the TryEnglish app; the more complete the project is, the less speculative the ICO appears.

On the whitepaper front, we've almost finished all of the major diagrams. Below you can see the progress we've made figuring out how to integrate DCore. It will be a purely practical use of dual blockchains: ESL Coin can provide services more cheaply on some chains than on others. In this case, the service in question is content distribution.


Instead of a traditional non-profit or corporation, ESL Coin is legally registered as a cooperative. These decentralized legal structures better mimic the logic of blockchain-based organizations, and offer more regulatory protection for utility tokens. Below you can see how it will work.


The conferences have also been going well. Below you can see our booth at TESOL 2018, the world's largest ESL conference (we were sponsors). We also spread the word at CoinFest and are about to tour Europe, with meetings and speaking engagements in Essen, Arnhem, Amsterdam and Manchester.


Stay tuned for more exciting updates! The pace has been picking up as our team has been expanding.

We're getting ready to spread the word about ESL Coin at two upcoming conferences, one for the ESL industry and one (CoinFest) for the cryptocurrency industry. As part of that, we refocused efforts on completing diagrams for postcards and brochures for our booths. Check out this one below!

We're hoping the April 23 date is certain now. We need to speak to the BC regulators again soon to make sure we are cleared in time.

The bounty program we wanted to open sooner, but have been too busy focusing on the main tasks to get underway. Maybe we should just find a competent campaign manager who accepts a piece of the token supply as payment. We have an outline, but orchestrating and maintaining it will require a lot of work.

I see you have set ICO on April 23, whether this is certain or there will be a delay.
And why do not you open the Bounty Program sooner? would not this help you more to introduce this project to the community.

I hope to get the news update about your project in telegram soon

There was no stop to the project only the ICO is postponed. Maybe you are confusing some other tokens present on your address. Please recheck.

We have not given away any tokens in in form. It is still not created. If you have any questions please let us know.

thankyou

Not sure what you mean, MEW? This project is ongoing, though, not starting again

Sorry to keep everybody in the dark. We've actually been super busy the whole time, so we're gonna give a lot of updates all at once. First of all, we've been to a couple of conferences and lots of Meetups. We had booths at the VanFUNDING conference in Vancouver and the Crypto Economy conference in San Francisco, and the founder spoke at both. Everything was well-received... one of the videos is on YouTube already thanks to our partners at NewsBTC: https://www.youtube.com/watch?v=XJ2C5x9gNCo


After talking to the British Columbia Securities Commission--some of whom saw us at VanFUNDING--as well as some top-notch Canadian lawyers, we're revamping the ESL Coin Foundation into a Cooperative and scrapping burning from our concept. This makes us more certain to get the regulatory greenlight, but unfortunately delays our ICO significantly to April 23 (UN English Language Day).

In the mean-time, we've been expanding upon our concept a bit. In addition to content registration & distribution, chatting and a marketplace, the ESL Coin DAO will include DApps responsible for services such as academic record transmission, translations and accent reduction. We're also refining our token economic model to the greatest detail so we can finalize terms with partners such as iComply, DECENT and Mooti. We hope to polish our whitepaper in time for the ICO.

Sorry we haven't had time to finalize the terms of our bounty campaign, yet. In the meantime, please join the conversation on Slack and Telegram; Slack is more active, for now, as that's where our team communicates. We hope to have our Telegram full of shills in due time.

We had a great time sponsoring the Teachers of English as a Second Language Ontario conference in Toronto! Our booth was very popular, our CEO got a round of applause for his brief talk, and our logo was up all over the place. We also made flyers especially to educate attendees about Bitcoin and blockchain technology in general.

We also set up an Instagram (https://www.instagram.com/eslcoin/) and made further updates to our website. Unfortunately, Bittrex is no longer doing ICOs--they stopped around when they started verifying everybody, which probably means the regulators forced them to. We've therefore decided to postpone our ICO until January 15, giving us time to figure things out and talk to some regulators, ourselves. Our partners in the ESL industry demand things more above-board than crypto entrepreneurs do.

Hi everyone! Just added ESL Coin ICO to my website https://concourseq.io/Q/Esl_Coin! Anyone with an account can submit contributions to your page, so we want to get this community involved.

ESL Coin's latest ad, designed to convert ESL teachers and entrepreneurs to decentralized economics.

After a lot of research, concept development and professional design, the ESL Coin website is finally live! Please share as we get closer to the ICO to spread the word about this groundbreaking combination of ESL education and blockchain technology.

Link: http://eslcoin.org/

In case anybody was wondering how we plan to tackle the regulatory hurdles of ICOs, we actually lucked out by being based in Canada. The authorities recently greenlit an ICO that was straight-up a security, and didn't have the feel-good pro-education mentality ours does. We could always base our company in a start-up company somewhere, of course, like many others have, but it's better if we don't have to.

https://www.coindesk.com/ico-ban-canadas-regulators-giving-one-token-sale-big-break/