Minter USA Roadmap PreviewTL;DR BIP will be listed after SEC’s approval; we’re working to get one.
What’s up, everyone? Below is a short summary of our upcoming U.S. expansion: • MDF will be responsible for promoting projects in the U.S. The project teams qualifying for the MDF support will enter into multilateral agreements with MDF;
• The best projects will undergo due diligence conducted by our legal team to obtain a special status;
• MDF is also preparing for BIP to be adopted by U.S. exchanges;
• During the preparation of BIP listing, no steps will be made towards increasing trading volumes and activity. All relevant developments—such as MBank and payment processing for the projects—will be conducted in the E.U.;
• The development and maintenance of the blockchain core will be performed by Grom, a U.S. organization led by Mr. Daniil Lashin;
• We are mounting the most serious efforts to approach the SEC with our project.
Now, more details:The full version of our U.S. roadmap is still in progress, getting reviewed by our legal team. But we can already share the main points:
• As part of the Minter Development Foundation activity, a master agreement is being drafted for all parties in the Minter network that will be entered into by everyone who
a. is willing to get support with creating and promoting their project in the U.S.,
b. is ready to follow specific rules and take specific responsibilities. There will be three categories of participants to the agreement: developers, liquidity providers, and users. This approach highlights those who are ready for transparent cooperation in the legal field. We assume that it is these projects that will be the first to gain most popularity within the Minter network.
• After being carefully analyzed from a legal perspective, the best projects will be awarded substantial marketing support from MDF amounting to hundreds of thousands of U.S. dollars. We kindly remind you that MDF itself abides by all relevant U.S. cryptocurrency regulations and hence has been allowed to open accounts on U.S. exchanges and in U.S. banks. The organization has also already made several successful conversion operations.
• Development of the blockchain core will be led by a new U.S.-based entity called Grom, with Mr. Daniil Lashin appointed as its head. Grom will focus exclusively on issues directly related to the blockchain, associated services, and integrations with other systems.
• Development of trading and payment processing tools will stay within the E.U., where Minter has been granted all necessary licenses & permits or where there is a lack of a corresponding regulatory framework. Products such as MBank will not be released until all final permissions from regulators have been obtained.
• MDF is engaged in listing BIP on cryptocurrency exchanges. At the moment, the priority is given to the U.S. institutions.
• We are not yet ready to reveal our plan regarding communication with the SEC, but please note that up until that moment, we will make no steps towards increasing BIP trading volumes and general trading activity. The popularization of the projects will be our primary objective.
• At MDF, Mr. Eugene Gordeev will continue his research on the concept of the Internet of Money and achievement of economic equality.
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