Any update ?
FIRST, If you plan on selling TRUST for USD and you are a US Citizen, please get your FINRA certification. YOU WILL BE SORRY IF YOU DON'T. I know there have been well known Crypto Devs that are in more trouble than he bargained for. If you are just yourself, buy an LLC at LegalZoom. This will keep you covered from legal issue just in case you end up buying or selling illegally without knowing. Its important to check.
Im still caught up with the Secretary of State in Minnesota. My application for an S Corporation clearly stated we are applying to take our Crypto Currency shares public, Internationally. I have had to hire lawyers to fill out form after form. It would have been easier to raise a million dollars and start a bank. You new dev's out there, start a bank!
Once the S Corp is accepted we will need to hold a meeting and bring in the TRUST owners to declare their shares, privately of course. Then we can hold a proxy vote on corporate board members, agree upon rules procedure rules drafted by my lawyer and open for business. I guessing we would make a private hangout and record for SEC filings in the future.
Then when our value of TRUST becomes larger than 2 million, we can apply at the New York Stock Exchange, and the Security Exchange Commission. And yes, I will be applying for a local brick and mortar bank or credit union license.
After my efforts of becoming a legal entity in the USA becomes real, you will start seeing other legal companies propping up around the globe. There is company in Europe, Australia and a maybe in Brazil already in the works. We are going to share TRUSTplus Brand as the open source project intended. Each person that registers a publicly traded company in their home country, will be protected by law just like everyone else. You will be able to legally defend yourself and be able to send reports to Treasuries without penalty or fear.
We are still working on a packet to help you lend money to friends, using TRUST as collateral. Quick Scenario, a Trusted Friend needs a $5,000 loan and you ask them to buy as much TRUST as they can afford as collateral, and then you loan them $5,000. As they make payments, your collateral will increase in value as we continue to bring more people to TRUST. You end up with your $5,000 plus interest, PLUS TRUSTplus.
As these new global blockchains grow and intertwine with TRUSTplus, you will see the real power of auto transactions over multiple chains. This will make it expensive to trace your real transactions but not impossible.
If there is one thing you can do to help our coin right now, help us build a buy wall on Bittrex. I have 400k left on the premine, and personally hold about 50k from my initial mining on 7/4/14. I know the owners of about 20 million TRUST that will not dump, so yes 10 million coins can dump on you. That is your real risk but please put in your buy orders as you calculate as safe.