I like the project idea and i sincerely wish you a success but i am more afraid than been in doubt about the S&P stocks implementations because this requires a lot of funds and government regulations.
what legal backing are you putting in place to secure investors funds because US government can just wake up one morning and sue you % your team for one financial crime or the other.
Which regulated body do you have?
tinyteapot,
Yes, our platform is ambitious and will be subject to regulatory concerns, both domestic (US) and abroad. Our budgeting takes into account extensive legal costs, including in-house counsel from individuals well versed in the futures space. We are not taking the regulatory environment lightly, but believe that there is a path forward fully compliant with all laws.
As to the security of funds, since we are building a decentralized system, we hold no funds ourselves. Your funds will be locked up in smart contracts with predetermined liquidation conditions, and upon the termination of a trade, all proceeds are delivered directly back to originating wallets.
More importantly, in this way the system will actually be
more secure than traditional brokerages since the accountability of funds can be tracked 100%. All "customer accounts" are completely transparent.