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Topic: [ANN][MSP] Mothership - EU Exchange & Token Market - page 3. (Read 60396 times)

member
Activity: 735
Merit: 17
hero member
Activity: 910
Merit: 508
August has marked another significant month for the Mothership team: we moved to a new office, had steady progress on Legal & Banking matters, teamed up with KPMG to ensure accurate historical trading data for accounting, improved Customer Success collaboration with the tech team and we are launching our new community platform this week!
There has been great progress in the technical sense of the project!
But where is the exchange? Without this, MSP will hardly appreciate!
The current market price is reflecting precisely this...
There is solidity in the things presented so far, but without valuations, since there is no product delivered.

At this point is better to wait for the bear market to cool off... more exchanges won't make any difference on volume while all crypto is going slowly down. Cry
member
Activity: 71
Merit: 10
Copied from the lounge Q&A thread. It probably shows best the state of this shitcoin.

Quote
Hello team. First of all, before moving to my questions, I’d like to congratulate team on building this website. I’m glad that we finally have a platform for serious, factual discussions about the project unlike the Telegram chat where one can easily get harassed or banned for asking questions. I’m more than sure that there’s a bright future for the project. My questions are as follows.

1.    What is nature of the recently announced “partnership” of MSP with KPMG? I can’t find any confirmation of the said partnership on KPMG side. Did you solely ask KPMG to provide you with their auditing services and called it a “partnership”?

2.    On May 2, a buyback of 285.4351ETH (~$214076.32 back then) worth MSP tokens on Cryptopia and HitBTC was announced. These funds were gone soon after this date, as can everyone check by searching the buyback ETH wallet. This caused a major movement of MSP token price. Some time after the announcement it was announced that the buyback is complete and you have burned all tokens according to the initial announcement. However, you never provided the community with the address of the wallet were the burn had happened and never answered further questions about the burn. While I truly believe that you were just too busy with development of a quality product and forgot to post it, could you just for a sake of transparency provide us with the address where the burn had happened in May as you announced? To the best of my knowledge a burn of ETH tokens (just like MSP) is as simple as sending coins to null (0x…) address, so it’ll be the easiest way to answer all the burning questions about the burn.

3.    Do you plan to hire a competent project manager in the near future, as it can be guessed that constantly missed deadlines (it’s fourth time in a row, as far as I can remember- a good few months overdue) are signs of bad project management policies?

4.    Next question relates to the recent problems of Dylan Damsma with providing a proof to the Estonian government that he hasn’t committed any crimes. As this effectively have been blocking Mothership with getting licenses for weeks already, could you tell us what was the reason to make a Chief Growth Officer and a very recent addition to the team a boardmember of the project? Do you have any “plan B” for the project in the case if he still won’t be able to provide the proof?

5.    Could you comment in what ways do you plan to compete with Binance and other exchange now, as more and more of them succeed in obtaining official Fiat trading licenses from respective governments over Europe, Asia and North America?

6.    I remember vividly that a few first months of the project development were concentrated on the ICO platform Genesis. It was supposed to give MSP token holders direct benefits for participating in ICOs hosted on it. Last year the CEO and cofounder of Mothership - Arseniy Zarechnev - announced that Mothership is having negotiations with several promising projects to launch their ICOs on Genesis. The only ICO that took place was a befriended Estonian project Consensus.ai and the Genesis platform is completely gone at the time of writing this post without any registration form available for projects that could be interested in getting involved (there used to be such a form on the Genesis website). What happened with the said projects that Arseniy was negotiating with? Is the platform completely abandoned despite the months long efforts to build it?

7.    When can we expect token utilities to be revealed?

8.    Forgive me this last, a bit lighthearted question. Will we be able to post these funny MSP pictures on Mothership longue - LOL! :slight_smile:

I am sure that there’s no such thing as a hard question for this wonderful team, so I look forward to hearing your answers together with the whole community!
full member
Activity: 542
Merit: 102
Mothership Monthly Update — August 2018
All the latest updates that happened in August 2018 at Mothership
https://blog.mothership.cx/mothership-monthly-update-august-2018-173475b4a38b

August has marked another significant month for the Mothership team: we moved to a new office, had steady progress on Legal & Banking matters, teamed up with KPMG to ensure accurate historical trading data for accounting, improved Customer Success collaboration with the tech team and we are launching our new community platform this week!
member
Activity: 126
Merit: 10
late is an understatement my bro.
this is no longer going to launch. its just a distributed podcast platform and that is late.
1 MSP = 1 PEPE and that is good enough for us.
member
Activity: 199
Merit: 10
When will MSP launch its exchange? Tokens are cheap, maybe I'll buy some... Is something late?
member
Activity: 422
Merit: 11
Everything you need to know about the upcoming podcast series by Mothership
We’re currently in the process of recording the upcoming Podcast produced by Mothership, but what is it exactly and why did we come up with this idea? Today’s post will go into the exact reasons as to why we are working on such an initiative.
https://blog.mothership.cx/everything-you-need-to-know-about-the-upcoming-podcast-series-by-mothership-1d416e05c256

sr. member
Activity: 617
Merit: 251
I sold my MSP tokens! I'll be waiting for greater clarity in the exchange launch and the verification of my KYC! Unfortunately, good things won't happen in the next couple of months! I've been holdler for 11 months, unfortunately, things did not go the way I imagined! Other tokens also disappoint, as well as some cryptocurrencies, unfortunately, things are more difficult than before, no one will pay more expensive than you.
sr. member
Activity: 1050
Merit: 295
i may not win the trading tournament..... or the refferal bonus...... and i may not even have a few stickers or slippers for my efforts.....
but at least i killed time at work
Welcome to the mothership. Best channel to try and pretend you're doing something meaningful other than counting down the clock.
Next to Malta, Estonia is becoming my favorite crypto destination at this rate
sr. member
Activity: 577
Merit: 314
Their latest update:

WEEKLY COMMUNITY UPDATE |  Week 30

#1. Update re: Financial License - By early next week we should have a board resolution so that we can move forward with the license as planned (formality). As explained previously, the issue was that the Dutch government isn't providing any criminal record extracts which is required by the Estonian authorities for each board member.

I'll step down temporarily from the function (while remaining with Mothership as employee) until the Dutch authorities come to their senses. Case currently lies with the EU comission as an official complaint and they've already agreed to seek for a resolution with the Dutch government, acknowleding the issue.

#2. Token utility; I'm aware I've mentioned working on the token page and clearing up the confusion here; you can be sure we will adhere to the token utilities as outlined in the whitepaper unless otherwise agreed upon and communicated - which we haven't as of yet. We're looking into ways on how the token utility could be improved, but there's a lot of legal requirements involved here that makes it impossible for me to communicate it prior to sorting out the legal situation of what we're trying to accomplish with the MSP token.

#3. We will kickstart the podcast in 1 month from now (apprx. 1 September). It doesn't have a priority compared to the more important elements as developing the product, legal & banking. But are working on it and have outlined in the post here what the podcast will be all about: https://blog.mothership.cx/everything-you-need-to-know-about-the-upcoming-podcast-series-by-mothership-1d416e05c256

#4. Trading tournament and product progress; Unfortunately I can't communicate these timelines without having full approval from the product team and confidence that the timelines we mention can be kept. The moment I do, I'll obviously not withold this information from you and I'd be more than happy to share.

#5. Market making / liquidity & adding coins; We will share this information later and closer towards the product launch.

#6. We're happy to welcome Alexei to the product team as software engineer! Alexei is from Estonia and will be joining us in the office from next week onwards. We've extended offers to two more developers and have contracted a kick-ass development team to help out the team.

#7. This past week, we've had 2 in-person meetings with banks. One of the banks has opened the accounts, the other one has mentioned they don't foresee any risks in opening said account within the next few weeks (we had to visit for in-person identification). There are however a few outstanding questions with them as to our KYC requirements which we are confident to get cleared. The payment gateway we've previously mentioned is still reviewing our case unfortunately, I've followed up with them this week and they mentioned to have escalated the case.

Either way, good progress on this front. We need multiple accounts in various EU jurisdictions to operate the fiat onramps, as otherwise our risk would be too high. If one country changes their legal situation around cryptocurrencies, making local banks even more wary of the situation, we run the risk of getting our operations shut down. Therefore it takes a lot of time and effort opening accounts in multiple EU jurisdictions to ensure we can provide these services in the near future.
newbie
Activity: 167
Merit: 0
i may not win the trading tournament..... or the refferal bonus...... and i may not even have a few stickers or slippers for my efforts.....
but at least i killed time at work
newbie
Activity: 210
Merit: 0
crypto goes into the micro BIC and BIC section which is not subject to such reductions
BIC stands for bénéfices industriels et commerciaux
hero member
Activity: 910
Merit: 508
I really hope my big MSP bag will change my life in the next bull run and i don't really care if it starts in this or the next year. Grin
newbie
Activity: 46
Merit: 0
I expect this idea will be advance and can be achieved the hard cap of Token Sales.
 Good luck guys!
member
Activity: 364
Merit: 10
Their latest update:


WEEKLY COMMUNITY UPDATE |  Week 28

#1. Update re: Financial License - As promised, I would keep you up-to-date regarding our financial license status which is currently pending. All required documents were delivered to the Estonian authorities. However, unfortunately we’ve hit a small bump on the road. The Dutch certificate of conduct which was issued to proof that there has been no criminal activity for one of the board members was unfortunately insufficient by Estonian standards. This is because the Dutch Certificate of Conducts are no written proof that no crimes were committed which is required by the Estonian law.

The Dutch government does not issue proof of no criminal record by law, whereas the Estonian law requires such proof for the purpose of this license.

We’re currently in discussion with both the Dutch &  Estonian authorities with help of the Dutch embassy to try to get this right, nonetheless we’ve identified an option to move forward without this document temporarily until this issue has been solved. Fortunately the Estonian authorities have mentioned to us that they’re reviewing if they can accept the document as the Dutch authorities have directly communicated to the Estonian authorities that they can’t issue written proof of no criminal records by law. We should have a conclusion by next Friday. The authorities in Estonia are quite reasonable in their judgement, so we hope they will make a decision in our favour.

Nonetheless, it’s something that can relatively easily be solved through another less-desired path, but an option that has already been agreed upon must the authorities remain inflexible. Despite that, these issues are slightly frustrating as they take away time from other important elements.

#2. We’ve shared platform access with certain financial providers for compliance review. These providers will be able to allow us to provide the fiat payment gateways via MasterCard/visa, bank transfers, etc. Thereby we’re travelling the majority of the next weeks to have in-person meetings with multiple European banks for account opening. (Multiple bank accounts are necessary as the risk of having 1 account being closed down for whatever reason is high and would otherwise jeopardise our ability to provide services.)

#3. Thank you for letting us know what you’d like to hear from our podcast. We will surely address these topics, such as our plans for token utility. Discuss our customer support plans, legal situation, eResidency partnerships, etc. While I understand some of the earlier comments (Adam, we hear you...) about the podcast, we are doing this to provide you a better insight into what’s happening behind the scenes beyond this Weekly update. As I’ve mentioned before, it’s my goal to be as transparent as possible with you and this is just one of the avenues on how we can do this.

#4. We’re making great process on the front of hiring, We’re sure the added addition of talents will greatly help us grow and get the promised products to you. Our product team is working hard to finalise the platform for providing a trading tournament.

A bit of delay when it comes to financial aspect won't hurt the project, just a tedious procedure to go through like with all administration.Glad to see that you are working hard on bringing us a crypto-fiat gateway with a good standing service providers.
member
Activity: 350
Merit: 10
The site is made beautiful. Marquetrack and the name of the coin are clearly unique. Token focuses on the government of Estonians, which gives one more plus coin. I see only positive moments
newbie
Activity: 602
Merit: 0
sr. member
Activity: 577
Merit: 314
Their latest update:

WEEKLY COMMUNITY UPDATE |  Week 27

#1. Thank you to those ICO contributors that have already filled out the verification and secured their early contributors access. We'll send out a reminder email coming Tuesday for those who haven't yet secured their spot & €100 in fee credit. Must you experience any issues with regards to the verification or am not sure if yours went through, please feel free to send me a DM.

#2. We're making great progress on our hiring front! We've made about 3 offers this week to amazing developers that we'd love to join the team and our hiring process has been streamlined a lot. Getting the right talent onboard is probably one of the hardest things of running a startup, but we're getting better at it everyday. The new site is helping too 🙂

#3. All the documents for our financial license have now been sorted, and it's simply a matter of waiting out the result now. We will report back when we have news on this front, but no more further bureaucratics to sort out! This license is needed to include fiat pairs on the platform.

#4. Of course we're also making progress on the platform development, every week we're getting a little closer to reality, but there's many things to take into account as we're doing our best to build a safe and secure platform.

#5. We're starting to record our podcast, The Future of Money, right now and will be putting out episodes shortly. We'll be discussing various topics such as:

- Why we choose Estonia to build Mothership + eResidency and what benefits it will provide for Mothership and it's customers
- Why we're building Mothership and what's our mission (And thus how we're different)
- Support? How are we working on ensuring quality support for all our customers.
- What we stand for as an exchange and what we want Mothership to mean for you as a customer

And more... What would you like to hear from us?

We will also answer questions from the community during these podcast episodes.
Each season will consist of 8 weekly episodes and future seasons will have each have a different theme.
member
Activity: 364
Merit: 10
Their latest update:


WEEKLY COMMUNITY UPDATE |  Week 26

#1. Attention ICO Contributors :warning: - You've just received an email from us which allows you to secure your contributors access & receive €100 towards your fees. Please have a look and secure your spot! Verifying your identity now means we can quickly onboard you once we will go live. If you've any questions, we can be reached through chat on the website or you can send me a direct message.

#2. Our website was launched last week and we've received a decent amount of sign-ups so far considering the bear market, but do not stop sharing just yet! If you've any ideas how we can increase our reach, I'm open to hear suggestions. Our team photo (missing some members though) has also been added to the website: mothership.cx/about (Made in our new, empty, office haha!)

We've announced all the prizes you can win here: https://blog.mothership.cx/our-new-website-is-live-and-registrations-for-early-access-have-opened-3751a4038b08

The top referrer will win:
- A fully sponsored 5-day trip to Tallinn, Estonia to attend our exchange launch and new office opening party!
- Mothership Swag! (T-Shirt, hoodie, caps, stickers, etc.) + Motherslippers!
- €50.000.000,- in volume of free trading on the exchange

#3. We've started our internal trading contest and fixing some quirks left and right, but the platform is stable and working! I couldn't be more happy with seeing the developments team progress over the past week, they're a top team performing at their highest capacity now. We're also close to hiring more engineers on the team. That said, we still have positions open and you know about the bounty (€1000 in MSP + Swag!). Check our careers page for the open positions.

#4. We're making great progress on our legal & banking front - while I can't share many details with you just yet, I'm extremely excited to get closer to solving some of our most challenging issues. Our financial license is still pending as the Russian documents still haven't been delivered to the Financial authorities, but I'm still confident here that we'll get this sorted shortly from now.

#5. Thank you for being an amazing community. I'm throughly enoying your memes Smiley! We're working our asses off here and surely getting closer by the day, but challenges always arise during your progress. This is why we are careful communicating specific deadlines. That said, we're still on aim for Summer 2018 and have a countdown calendar behind us all day reminding us of the upcoming launch 🙂


It is becoming a habit to come here and see great news and initiative from the team Cheesy Good way to promote and really nice rewards that should yield some good results.I'll be the happiest when I see that section 4 has been completed with success Cheesy
sr. member
Activity: 1149
Merit: 347
How many days will it take to verify KYC? There were questions about funds and participation in government agencies, who doesn't have participation in these things, will have problems? Even if he did not have it, they demanded proof of strange things.
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