Cost of MisTrust : Crypto Currency is the new mantra

“Here’s to the crazy ones.

The misfits.

The rebels.

The troublemakers.

The round pegs in the square holes.

The ones who see things differently.

They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them.

About the only thing you can’t do is ignore them. Because they change things.

They push the human race forward. And while some may see them as the crazy ones, we see genius.

Because the people who are crazy enough to think they can change the world, are the ones who do.”

The cost of MisTrust on Crypto currency is really steep. If we have invested 1000$ in crypto currency since the launch of it, how much it would be. For 7 years, 10 months. Alternatively 2,870 days of MisTrust of 1000$ costs 5,712,000,000$ ( 5 billion and 712 million)

To get the whole file of the cost of misTrust on all crypto currencies, not only on Bitcoin, all other altcoins like NXT, IOTA, click here

We see a demand spike in all new age FinTech companies going towards ICO itself looking forward for a RegTech automation suite to keep their basic government, KYC compliance clean.

Architecting the FreshGRC.com platform payment integration through our own coin managed by BaaS (Blockchain as a service) from Azure along with architects from Microsoft. Along with the platform launch by Feb-24, planning to initiate the ICO process. Discussing with few ICO as a service firms in Japan, Swiss, Los Angels on the program management aspects.

Highly experienced General Counsel out of NYC Capital markets has joined FixNix to initiate & take care of ICO processes.

If you want to be kept posted about FixNix ICO process of world’s 1st SaaS regTech platform by Q1-2018, please write to investor@FixNix.co to get yourself added.

More Info from Startup Grind on ICO (Initial Coin Offering), crowd sourcing money through crypto currency offering equity or services.

1. Coins or Cryptocurrencies

These are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. They are operating independently of a central bank.

Soon every fiat currency may become a cryptocurrency, in that case operating with central banks. This is what Singapore has started with their Ubin project.

2. Utility tokens

The utility tokens are services or units of services that can be purchased. As describes in Balaji S. Srinivasan post, these tokens can be compared to API keys, used to access the service.

They are a way to fund projects of shared infrastructure that couldn’t be funded before. To enable such ecosystems to be built some tokens can be “pre-mined” in addition to be sold in “crowd-sales” during tokens launches.

3. Tokenised securities:

Tokens are representing shares of a business. In addition, considering the SEC announcement any token that can’t pass the Howey test should be considered as a security and fall under the 1934 Security Exchange Act.

The Howey test consists of the following:

  • Is it an investment of money or assets?
  • Is the investment of money or assets in a common enterprise?
  • Is there an expectation of profits from the investment?
  • Does any profit come from the efforts of a promoter or third party?

The Howey test consists of the following:

  • Is it an investment of money or assets?
  • Is the investment of money or assets in a common enterprise?
  • Is there an expectation of profits from the investment?
  • Does any profit come from the efforts of a promoter or third party?

The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor’s control. If so, then the investment might be a security.

This is what brings confusion and in a way makes any utility token potentially a security since they can be traded on third party platforms. Utility tokens that a startup would issue to finance future customer’s purchases should not be securities, since their purpose is to facilitate the purchase.

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