NXT Asset ID: 6780060819348751348 - Using NXT Wallet for Holding/Trading NOXT
Proposal/Informative Paper: Noble: Corporate Colored Coins
Mobile
50+ digital currencies supported, 400+ gift cards, Australian bills/taxes/credit card payments/bank deposits
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0.2.4 - Feb 1, 2017
- Major update to dependencies
- Updated server connections
- New theme
- Improved ACLs and data security
- Less server/Parse calls
- Introduction of 2017 theme screens
- Improved navigation and navigation drawer to replace menu
- Cleaner login, registration and password reset screens
Information
ProposalNOXT is a crowd funded coloured coin that aims to incorporate many market-expected features while having a game-plan of pushing the possibilities of coloured coins in what is becoming an increasingly regulated and accountable space. These coins work differently to the decentralized cryptocurrencies often presented. While parts of it is theoretical at this point in time pending regulations, licensing and legal clarifications from authoritative bodies on how the technology may be used moving forward (parts I make sure to clearly identify), much of it is already possible today pending a little exposure, faith, work and funding.
Crowd Fund: - Total Raised - 595,000 NXT. 72 BTC -
Full details.
Bullion TradingNew state requirement pending fingerprint processing, background check and 'anti-fraudulent history' check (trying to determine the level if any of legal action being pursued). (
Outlined here).
Update: Bullion trading finally back on track.Corporate AvenuesDigital Currency Consultancy, Industry Representation & Legal/Regulatory Meetings primary business focus of Noble: financial advisory and blockchain consultancy. ASIC submitted
December Australian Inquiry into Digital Currency classifying BTC and digital currencies as non-financial products and related services generally not requiring an AFL (Australian Financial License)
extremely positive. - Business proposal, personal and service offerings being sent to government, financial and corporate contacts.
Linked Business AML/KYC AccountsBtradeAustraliaIndependent ReserveComonwealth BankPerth Mint AustraliaDuring the time spent researching and preparing these proposals to move forward into 2015, as well as through a surprisingly extensive professional network outside of bitcointalk I very quickly came to know of the impending SEC crackdown on downright fraudulent misrepresentations regarding securities, equity, dividends and investment. My
Twitter began warning about the growing problem before news started surfacing but unfortunately I am considered quite the 'negative Nancy' until things came to a head. I am approaching this project very slowly to make sure members understand what it represents and what it does not. I am also being careful to make sure that nothing I am presenting still 'quacks like a duck (security)' even though it isn't called a 'duck' (security). There are grey areas still for me and some risks which while I am uneasy about seem acceptable, however I will be
very proactive here as the scene matures rather than hide in loopholes. In short, I am crowd funding the idea and rewarding supporters with 'tokens' (colored coins) that give them exclusive access to the infrastructure & services and many perks/rewards for helping me realise this. These are not securities, do not currently represent a stake in a company, nor do they guarantee profit-sharing or a return. I want to provide legal value to the coins, I want to build the systems around them and promote the technology, and I want to license and regulate myself to grow this project to full potential for everyone involved for many years - I do not want to end up in trouble with the law. So there are things I can and am happy to promise, and there are things I will not guarantee. The legalities section of the whitepaper
heavily expands on this paragraph with a lot of referenced material, but please ask away.