Sto of blockchain
STOSecurity Token Offeri&# 8204; "Security token issue". In terms of name, it is similar to ICO and IFO in concept, and it is a way of token issuance. The most prominent feature of STO is that the token issued has the property of securities, which is regulated by securities institutions (such as SEC) and relevant securities laws and regulations
ICO (abbreviated as initial coin offering) is an IPO concept derived from the stock market. It is the behavior of blockchain project to issue token for the first time and raise bitcoin, Ethereum and other common digital currencies
both ICO and sto are procts of digital capital. In the era of blockchain, they are not black or white. Eggs should not be put in the same basket. So how to invest? It depends on whether you want to be an egg maker or an egg seller
if you are an ordinary investor and register a digital wallet, you can buy and sell on major trading platforms such as currency / currency security; For project investors, they can issue their own currency to achieve more financing goals. At present, Singapore is the holy land for Asian blockchain to settle down, mainly because the local policy and atmosphere are very relaxed, and there is no need to pay tax to register a public non-profit foundation in Singapore to do overseas projects, The Inland Revenue Department of Singapore will not tax local capital injection and investment
registration process of Singapore Foundation: the ID cards of two registered directors and the company name are required for verification, and the registration can be carried out after the verification, which takes a total of 10-25 working days
because of the new technology&# 8204; Due to the particularity of the economic environment in Gabor, in the later period of the foundation, it is legal to carry out such actions as ICO and other currency transactions. Some friends in the blockchain instry know that to do ICO blockchain, they need to register in Singapore. In order to achieve more compliant operation in the later period, it is suggested that investors register in Singapore foundation as soon as possible for financing
If the stop loss is set well, the general platform will have the corresponding stop loss setting. The BTC stop loss setting is about 3%, and the ETH stop loss setting is 5%. You can set your own acceptable stop loss
examples are as follows (this is a diagram specially cut in the simulation disk):
when setting, you need to check the box corresponding to stop loss and then set your own stop loss and stop loss as needed
when the state announced the development of blockchain, it had already guessed that pyramid schemes based on mining would spring up in all parts of the country, and the middle-aged and elderly people would be the first victims. If they don't understand blockchain technology, swindlers will lie that investors don't need computers and don't need to know too much about it. They just need to invest in the so-called company's main server or cloud miner to carry out "generation mining". The money g out can be transferred to investors, and investors can sell it for money. They can also develop the so-called team to mine together. Isn't this the so-called MLM mode that you don't need to understand anything, can use mobile phones, can pay money, and can develop offline so that you can make money
sometimes people can only see what they are willing to believe, which is the deep-rooted reason of MLM. When you see the people around you really make money with this CGA cloud protection coin (probably the rate is the hook scattered upstream, don't you see that the lottery prize is really won, playing a role of fishing for a long time), even if everyone is pulling you behind, you will jump into the pit desperately. When you are possessed, pull your relatives and friends to jump together.
application conditions for US companies
1
2. Valid identification documents (ID card or passport aged 18 or above)
materials required for registration of US companies
1
2. Provide scanned copies of ID cards or passports of directors and shareholders
3. Provide the chairman's signature in English
4
Joint stock limited company (Inc): This is the most commonly used form of company registered in the United States by Chinese people, because it does not involve double taxation, shares can be sold privately, and later can be listed, including apple company and zhubajie company2. Limited liability company (LLC): most Chinese people choose to register limited liability companies when they start business in the United States, because such companies are simple in form, but relatively expensive, complicated in tax declaration, and need social security code SSN
registration process of U.S. companies
Signing the agreement (signing the agreement according to the terms negotiated by both parties) 3. Delivery cost4
5. Government approval process (Bajie follows up the relevant proceres of the government in the whole process of dealing with Foreign Affairs)
6. Completion of the establishment of the company (back signed documents for filing, company information mailing)
a full set of information after the completion of the registration of the U.S. company
1. A registration document issued by the Secretary of state of articles of incorporation
2
The articles of association and rules sealed by the state government4. A set of minutes of the statutory meeting
5. Company seal (steel seal, strip seal)
6. One company stock account and one company stock
7. One legal secretary card of American company
8. A list of American company documents
9. One file box
according to the block crypto report, the US NASDAQ Exchange is planning to launch the Tongzheng securities platform. To this end, NASDAQ is negotiating with symbiont, a blockchain technology enterprise, with a view to reaching relevant cooperation. This means that some start-ups or enterprises will be able to carry out more flexible financing under the supervision of corresponding regulations in the United States
some people think that sto is the 2.0 version of IPO, some people think that sto is a legal ICO, and even many people claim that the future will be the world of sto. Is sto really that amazing? Chain tiger finance will take you to understand sto quickly and comprehensively through the following five questions
what is sto and how is it different from IPO and ICO
STO, the full name of security token offer, is a kind of security offering with token as the carrier. Under a certain regulatory framework, through non-public offering and public offering to finance, we can token the existing financial assets or interests, such as company equity, debt, intellectual property, Trust shares, gold and jewelry and other physical assets, Can be transformed into digital assets on the chain
take the analogy between security token and securities. When buying securities, the transaction is signed on paper, while st confirms the ownership of assets through blockchain transaction
ICO is a decentralized way of financing through virtual currency. The start-up project can be financed by issuing a token, which can be used as a voucher for the future use of the corresponding blockchain project, and can also be traded in the secondary market, but it does not have physical assets as a basis
e to the unregulated and threshold restrictions, the issue cost is extremely low. This also leads to ICO is easy to breed a variety of illegal fund-raising, pyramid scheme fraud and other problems, with high risk
IPO is the most familiar financing method for most investors. Compared with ICO, IPO is expensive and time-consuming, which may take as long as six months or more to complete. It also needs to meet many conditions such as issuance regulations, regulatory requirements and information disclosure
sto is more like a buffer between IPO and ICO, which combines advantages and avoids risks. It not only has the property of securities, accepts the supervision of securities regulatory agencies in various countries, but also uses blockchain technology to achieve more efficient operation
What are the advantages of STO
sto is based on real assets and issued with token as a carrier. To some extent, sto is a legal and standardized ICO, which has achieved a good balance in terms of supervision, efficiency and cost
easy to regulate. Compared with the chaos of the market caused by ICO, the projects carrying out sto all need to go through the compliance review, and the project code, team backtracking, project procts, etc. will go through the strict screening. This can effectively eliminate inferior projects and purify the current chaotic market environment
expand financing channels. Compared with the high threshold of IPO, sto expands the field of securities token, reces the threshold of user access, and anyone and any asset can participate in it, which greatly improves the global liquidity of high-quality assets
rece financing cost. Sto eliminates the need for middlemen, simplifies proceres, saves time, improves speed and reces costs. It is superior to IPO in terms of financing efficiency, financing time, financing cost, financing region and information symmetry. It is more suitable for entrepreneurship and innovation enterprises and high-tech SMEs
what is the development status of STO
there are some sto attempts in the current market, but they are still in the trial stage
in February 2018, the Canadian stock exchange (CSE) announced that it will launch a securities clearing and settlement platform based on Ethereum blockchain. Companies using this blockchain platform can raise funds from investors through stock token issuance (STO). Companies issuing tokens through CSE platform will be fully supervised by the corresponding securities commission
in June 2018, the securities and Futures Commission of the United States accepted the form d of exemption from registration submitted by blockchain.io according to regulation D. The exchange is also said to have won the approval of the French financial Prudential authority (autorit) é de contrle prudentiel et de r é Solution) registration. This is the first digital asset exchange to "register" with the two regulators at the same time
on September 11, 2018, Ethereum developer Stephane Gosselin announced a new proposal, security token - "erc1400". As a new standard, it combines the fungible of token with securities related business scenarios to design a set of common interfaces. The purpose of the new proposal is to facilitate users to issue securities on Ethereum in a legal and compliant manner
in October 2018, NASDAQ and symbiont negotiated to launch a new platform dedicated to token securities
what challenges does sto face
as an emerging market, the concept and vision of STO are undoubtedly beautiful, but there are still some problems to be solved in the actual financing application
first of all, sto is still in the exploratory stage. At present, no country has relaxed the Securities Law on the issue of securities tokens. In the case that the securitization token only token the traditional securities, from the perspective of the current law and supervision, sto has no great advantage
secondly, in order to make token compliance, how regulators will weigh the market, and the formulation of review standards and processes will also be a very cumbersome process
thirdly, the other side of excessive asset liquidity is the potential huge price fluctuation, which is also uncontrollable
finally, even if sto is implemented under the supervision of the token, but as long as the Internet, it is not immune from the threat of hackers, technical security is a key to be broken through
What do experts think of STO<
Fang Jun of Jung Finance said that sto is a vague concept. Is it for institutional financing or for the public? For institutional and corporate investors, there are existing equity arrangements
for the public, let's go for compliance. The SEC's specifications are clearly there. For institutional and corporate investors, isn't Nasdaq's LINQ already in compliance< According to Chen Yuzhang, sto is innovation, but it can't solve real problems
the underlying logic behind sto: who can find a good company better, retail investors (including big C) or professional institutional investors? Whose money do good companies prefer? Asset securitization is not a real demand, but a speculation. If blockchain wants to prove itself on STO, it needs to answer this question: how does it improve proctivity
xinruibao Chuzhuang said that the enterprise system of the company will be fragmented, and the resulting equity, creditor's rights, and even the currency itself will be redefined. The main area of future investment may no longer be equity in the traditional sense
sto may be the direction, and the specific morphological patterns need to be continuously evolved. Supervision is lagging behind, and new wine cannot be used in old bottles. In the capital market, supervision is never neutral, but a party participating in the game. And supervision has never been effective, supervision can not achieve its declared goal
according to Chen Zhipeng, a researcher of general securities economics, most of the existing STOs correspond to the company's equity, creditor's rights or real estate investment trust and other financial assets in reality. If only the existing securities are securitized simply, it is true that there is insufficient innovation and the generated value is limited. The purity is just a simple mapping of securities on the blockchain<
Friedman, chief executive of NASDAQ, once said: "if you decide to do ICO in a normative way, we are happy to find out if there is an opportunity to work with others."
it can be seen that Nasdaq, which is cautious about encrypted assets, is interested in issuing securitized tokens. As early as 2015, NASDAQ implemented the LINQ blockchain technology for securities trading
at a time when the global logic has turned to the pursuit of asset liquidity, NASDAQ's active exploration of STO will accelerate the arrival of the era of legalized ICO.
Currency digitization is the future trend, and the investment and financing events of blockchain instry continue to rise. On October 13, 18, the blockchain platform tzero of overstock, an American e-commerce giant, completed the issuance of securities token. Tzero raised $134 million through large amount of securities token financing, which was used for the construction and development of securities token, After being officially approved, tzero sto can raise funds in a way similar to equity crowdfunding, and exchange a certain proportion of equity and token. With the continuous participation of traditional enterprises, sto has moved from a small circle of blockchain to a broader mass world
from the popularity of ICO to the popularity of STO, the development speed of blockchain is also quite fast. So what is sto
sto (security token offering) refers to the issuance of securities type warrants, whose goal is to carry out the public issuance of warrants under a legal and compliant regulatory framework. At present, the governments of the United States and Singapore are actively introcing relevant laws and regulations, and there are a large number of exchanges, project parties and service platforms focusing on sto
sto mainly includes three factors, namely securities, warrants and issuance:
Security - ownership of the underlying assets with real value, such as stocks, real estate, funds or artworks. Usually, owners are provided with different financial rights, such as profit sharing rights, equity, dividends, voting rights, redemption rights, etc
token token token, circulating proof of rights and interests. The securities mentioned above must be associated with a specific form of expression. The form of expression of token is expected to evolve from the previous paper-based securities to the current paperless (traditional exchange securities company account records) to the advanced paperless (encrypted digital account records based on blockchain Technology) in the future
Offering refers to comparing IPO (the national designated exchange of traditional securities) and ITO (the ITO website that can be run by indivials). At present, the issuing platform is mainly the token exchange which is subject to the national supervision, and the issuing is subject to the supervision of regulatory agencies (such as SEC in the United States, Bafin in Germany, etc.), and issued in accordance with regulations (such as reg D, reg a +, reg s, reg CF of SEC), Investment users need to pass KYC and AML auditfrom the perspective of blockchain:
st is the token of securitization, which is an application of blockchain in the stage of 3.0
st is a rational choice from the virtual to the real
st is an effective way of chain reform
enterprises can realize the vision of issuing sto through vie
sto is a security token. How did it come into being out of thin air? Looking at the situation of ICO this year, the emergence of STO is by no means accidental. Compared with ICO decentralization, it only needs to finance through virtual currency, with low threshold and high risk. Sto is issued under legal and compliance supervision, and is mortgaged by offline tangible assets. The increase of investment threshold also greatly reces the risk, so sto securities token issue has become the object of everyone's pursuit. How to launch sto project
1. First of all, prepare a complete set of project release plan, including white paper revision, project carding and scheme design, which is equivalent to the preliminary preparation of the project
2. Second, architecture. What do you mean? Just like the previous ICO, sto also needs to be registered as an overseas entity company. At present, we know that sto is mainly distributed in the United States, Singapore and European countries
3. Legal compliance is required after the principal company is registered. For example, the principal company registered in the United States or Singapore must find the corresponding law firm to provide relevant legal compliance documents
4. The token can be released when all the above are ready.