Very interesting Denver Dan. I'm not keen on ICO's in their current state, given my lack of trust in the issuers and facilitators; but am not against investing in startups. There isn't a single group in this industry that I would blindly trust with my money at this point in time. That's why I'm so excited for the launch of DNotes' venture capital platform; the ability to invest in new entrepreneurs, facilitated by a group of people I have grown to trust over the last few years. You can rest assured that the businesses DNotes accepts into their system will be viable (no dice games or ponzi schemes), so investors will likely invest with more confidence as they grow to trust the sound judgement of the DNotes team.
Thanks for the link and comments, guys. It is interesting to note that people are beginning to wonder if there are better options to ICOs, after $3+ billions has been raised with a large amount squandered. I agree that 90% of them will fail. There will be a lot of pain and suffering with many left holding the bags.
Of course, there are many options to raise money for worthy projects and do it legally. SEC even encourages using multiple funding platforms done sequentially or concurrently (side by side). For example, one can use Reg. D 506 (c) for the first round and raise the money to pay for the Reg. A+ mini IPO to be launched subsequently.
Unfortunately, it is too much trouble for some issuers determined to get rich quick. A typical ICO does not convey any ownership or voting rights. It does not need any real work or projects. Their challenge is to come up with a compelling White Paper with stunning graphics fill with promises of “cure all snake oils”. The objective is to create the impression that there is no limit to the amount of money an investor can make. It is all about finding a greater fool willing to pay you more than your purchase price. This sort of games always ends badly.
What is DNotes doing differently? We love the philosophy of decentralized issuance of digital currency and governance with the ingenuous consensus system allowing for the transfer of assets of value between two parties without the approval of any central authorities. We believe that the implications are world changing but we must be able to bridge the gap between the centralized world with the new decentralized world. We need to do it legally and transparently, coupled with trust and integrity.
It takes two currencies, and both can be traded or exchanged as a guaranteed exit strategy. For almost 4 years we have been building our strategic path that is quite ingenious. Upon successful completion of our Reg. A+ mini IPO Tier 2 to raise a maximum of $50 million worldwide from accredited and non-accredited investors, it will be historic that investors can invest in both of two worlds – DNotes – the digital currency and DNotes Global, Inc. shares that will eventually trade on OTCQX secondary markets. This will ultimately lead to a full-blown traditional IPO to support many large projects we have envisioned.
Yes, it is official that we have retained the services of Laura Anthony and her team at Legal & Compliance, LLC to advise and assist us in our Reg. A+ mini IPO.
Exciting times ahead. We are planning to grow our team dramatically. Let us know if you like to get more involved. Contact Joe:
[email protected]