This is a NEW platform 2.0
'1mdb' Token Offer at https://token.1mdb.fund
Website at https://1mdb.fund
Token name: "1mdb" (https://etherscan.io/address/0x61ea46d23b5ead47be7dbb9d54d185dbd7137dc4)
White paper cum Terms & Conditions (https://token.1mdb.fund/1mdb_platformWP2018.pdf)
(ICO Started run until 8 Oct 2018)
1 USD = 2 '1mdb' Tokens
1 ETH = 1000 '1mdb' Tokens
Tot Tokens = 10 mio '1mdb' Tokens
Max Funding = USD 5 mio
Min Funding = USD 100K
Background.
Originally this was an ICO for education/loan platform based on the income stream from the seized assets impounded by the Dept of Justice from under the 1mdb fund program. Since May, with the election and a new government in place, the new government had pledged to secure those assets back to Malaysia. So there is really no point to make it more complicated so I pivoted to another platform – this time a bounty reward platform leading to the arrest of wanted persons. This idea came about as I saw how difficult it was to capture Jho Low, the Malaysian Billionaire that will go down in history to be the person behind the greatest robbery in the world, amassing close to USD 5 Billion committed using his friend's stepfather influence and emails. Despite wanted by the new Malaysian Government for questioning, Mr Jho Low seems to be still free enjoying the trapping of wealth in and out of Macau and HK.
How to catch wanted persons ?
(Getting verifiable Information)
The problem is that it is hard to get information from potential informants who can be anyone from waiters that serve Mr Jho Low to those who happened to bump into him unwittingly at the elevator or car park. Now even if they have this information it would be hard to send it to the right authority and lastly how do we incentive all this so that the informant get paid and we all can sleep better at night. We aim to solve all this issues with this proposed platform.
(Develop a smart block-chain that promotes the highest degree of anonymity in exchange for information)
It is obvious to me that the Block-Chain is the perfect foundation as it is decentralised and nobody can manipulate this. This means if there is any information and needs to be shared be "right" party then this can be done. The only downside is that with billions one may be able to corrupt just about anyone on a centralised network but not in a completely decentralized one.
It is anonymous, we can use token to attach information which will be recorded transparently so there is no dispute when come to claim the prize/reward. We can also designed a most wanted list and ask voters to vote on this. We do not need to depend on governments, we can increase and decrease the prize money at will by pooling more funds. If you have read the papers a few days ago, I kinda in disbelieve that a former triad member alias "Broken Tooth" of Macau manage to raise USD 750 Million through an ICO for his proposed poker gaming platform.
So there is no need to answer where the funds will come from for the reward component. If "broken tooth" can raise USD 750 Million, we must be crazy not able to raise a miserable couple of millions to reward informants to capture villains. Honestly if we can raise USD 750 million, I bet many wanted persons who give themselves up just to claim the reward or prize themselves.
It is well known, no one informant may be that lucky to provide a complete picture of the whereabouts of our target wanted person at any one time. But such past information provided are pieces of clue that can lead eventually to a bigger picture. We also provide the means for the token holders to make their own most wanted list by voting to the top spot the most wanted person in the world. Obviously again we allow the 50% rule to cover this.
Summary of Token Sale
Start: 11 April 2018
Ending: 8 Oct 2018 or when the Maximum cap is reached
ETH accepted
Minimum cap: 100K
Maximum cap: To be determined (equivalent to USD 5.0 million)
Funds management
The funds raised will be 25% for administration & block-chain development, 75% for payout of the reward.
Bounty
Please contact hi at 1mdb dot fund
or Please join us at Telegram for any burning questions. https://t.me/joinchat/C-MSeBBr3tRHe1J4nZ-Fsg
Milestones/Road Map (assuming there is a road ahead)
By Dec 2018 – the completion of the most wanted list, voting smart-contract all based on ethereum .
By Fen 2019 – the payout smart-contract and development of our own block-chain.
Thank you
Topic: Re: 1mdb fund token sale 2.0 (Read 94 times)
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