Ethereum Singapore

1. Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform". It began to develop through ICO crowdfunding in 2014<

OAS is the world's first blockchain environmental protection technology and energy management system issued by oases. It is jointly released and established by Singapore oases foundation and EPC foundation of the United States. It aims to solve the problem of how to rece environmental pollution, rece energy consumption and monitor emissions worldwide by using blockchain technology and combining with real economy instry, And the collection of environmental big data and other issues to provide a perfect solution to build a more environmentally friendly and energy-saving world
in comparison, although OAS is later than Ethereum, its innovative combination of blockchain and environmental protection has a better development prospect.

2. Since the beginning of 2017, Ethereum Asia Pacific Ltd and litecoin Foundation Ltd, the representative projects of blockchain, have successively set up public Guarantee Co., Ltd. in Singapore as a non-profit foundation to manage the global community operation of their open source projects, and many token issuance projects have followed similar practices, Come to Singapore to register a similar structure and operate token issuance
one company name and two registrants' ID cards are required to register the Singapore non-profit public foundation

3. Pyramid selling refers to the behavior that the organizers or business operators seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees.

4. What are the connections between the blockchain and the foundation and what problems will they encounter?
when many people are doing blockchain, they usually register a foundation to run with ordinary companies. Compared with Singapore foundation, what are the common problems when they register a Singapore foundation to do blockchain, Below, we will sort out and share some of our customers' concerns with you
1. Does the registration fee include the cost of the white paper
A: No, the legal adviser is a personalized business, and the fee depends on the project. The legal adviser can provide services in the whole process. Including the revision of the legal provisions of the white paper, and the issue of professional legal opinions on relevant laws and regulations such as the non securities nature of the token. ICO is the legal consultation in the process of issuing currency

2. About the Singapore foundation. Why should there be a company to operate and what is the relationship with the foundation? Why not register a company directly for ICO and exchange docking
A: the foundation is a public welfare organization and a public sector. It is more concive to attract investment and technology development to use the foundation to issue blockchain. It can also be directly ICO through ordinary companies. It depends on how customers want to operate
3. Isn't ICO a way to raise funds?
A: Yes. Participate in the crowdfunding of the project with the existing real value currency, and exchange for the new cryptocurrency issued by the project. The advantage of fundraisers is that they get the funds to carry out the project, while the participants want the project to be successful. In this way, the newly issued cryptocurrency in their hands is likely to appreciate and arbitrage. The so-called ICO means that investors use bitcoin and other ready-made virtual digital currencies to exchange for new tokens issued by ICO projects. Because there are few new currency owners and the price fluctuates greatly, the selling price on the exchange is likely to be much higher than the issuing price. The sponsors of ICO project use the traditional digital currency to exchange RMB and other legal currencies in the exchange, and then put them into the designated technical projects
4. Why not raise funds through common channels
A: the threshold of common channels is low, and there is no regulatory department. The risk is high
5. How to set up an exchange
A: you can choose an exchange according to your own situation. Generally, you should have strong experience in digital asset security management. There are many platforms
6. Why do you need to make a legal opinion
according to Singapore's financial law and securities law, if a virtual currency with securities nature needs to apply for a special financial license, so it needs to prove that the project does not contain securities nature, it needs a lawyer to issue a legal opinion on the non securitization of token and a legal opinion on compliance of white paper to prove the legality and compliance of the project, both of which are required by most customers
7. How can a registered Singapore foundation open an account in a bank
first of all, there is no need to open an account for a registered public non-profit foundation, and it is useless to open an account because the nature of the foundation itself is non-profit. When it comes to the next year's audit, can't it explain the income and expenditure of the bank account with the monetary authority? Second, the bank has a choice of customers. If the bank is told to do blockchain, the bank will not accept opening an account; Third, whether it's private placement or public offering, all the money raised are virtual currencies like Ethereum bitcoin. Ordinary bank accounts can't accept these currencies, so I don't recommend opening an account in a bank.

5. Singapore ICO can apply according to Singapore's market rules
ICO is the initial public offering (IPO) concept derived from the stock market. It is the first issue of token for blockchain projects and the raising of general digital currencies such as bitcoin and Ethereum.

6.

Blockchain project compliance generally chooses to register an overseas framework, and then the local lawyer will issue a legal compliance opinion to prove that the project conforms to the laws of the host country. The main body in the market is the Singapore foundation, and this legal opinion is also issued by a local licensed lawyer in Singapore

The legal opinions can be divided into two categories:

1. For the project, the legal opinions issued by the well-known exchanges of Shanghuo coin, OK and coin an, and the legal compliance opinions issued by the well-known lawyers of the designated Singapore law firm

2. Ordinary legal opinions are issued by ordinary licensed law firms in Singapore for these mainstream exchanges

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information required for issuing legal compliance opinions:

1. Chinese and English version of project white paper (word document)

2. Information of directors

3. Information of main Singapore foundation

registration certificate

articles of association

registration paper

Singapore is friendly to blockchain projects and has perfect follow-up legal services, This legal compliance opinion can be issued. It can't be issued in other places. The role of legal opinions in Singapore is relatively large. After all, the cost of processing is much cheaper than the cost of licensing, so it is very attractive for domestic project parties

7. The registration procere is relatively simple: provide the English name of Singapore foundation and the certificate information of the registrant, which can be completed in about one month

8.

Of course, you can go to his home!! Singapore stipulates that non-profit organizations do not need to register capital or pay taxes, but they need to obtain the approval of acra. To register a public guarantee limited company in acra, the following information should be provided:

A. Company Name: the names of several foundations of non-profit organizations should be drawn up. Generally, the word "foundation" should be included, and the end of the company should be limited

B. directors and shareholders: two Singaporean directors and two shareholders are required to provide their passport or scanned of identity, address, etc

C. business scope: two business items can be selected (profit-making items cannot be selected)

D. registered address: provide the local office address in Singapore

E. Company Secretary: the statutory licensed Secretary of Singapore must be appointed

it can be found from the information required for the registration of Singapore foundation that it is generally difficult for domestic enterprises or indivials to provide shareholders, directors, office addresses and Legal Secretaries in Singapore, so the most common practice at present is to seek the assistance of an agent in Singapore

Singapore foundation application process

the process of applying for a foundation from our company is very simple. Because a Singapore public company belongs to a non-profit organization, the applicant does not need to prepare registered capital. The only solution is to provide registration information to prove the legitimacy of the foundation. The general application process is as follows:

1 Entrust an overseas agent to submit the proposed name of the foundation to the accounting and business control authority of Singapore for verification, so as to ensure that there is no plicate name

2. Sign the entrustment application agreement and make the relevant application documents by the agent

3. The agent will submit the prepared statement of ultimate beneficiary, articles of association of Singapore public company, form45 director Qualification Statement, form24 shareholder statement, director shareholder status report and other documents to the directors for signature, and then submit them to acra Singapore for review. Generally, the company registration can be found online within 2-3 working days, The foundation registration certificate issued by acra can be obtained within 7-10 working days

4. After the processing is completed, we can start to launch the world-famous blockchain platform (such as Ethereum, one of the most popular blockchain platforms at present)

although the application process of Singapore foundation is relatively simple, after the foundation is registered, it needs to entrust the licensed Secretary to conct annual inspection and audit every year, and the audit depends on the business situation of the foundation

9.

Just provide the following documents:

1. certificate of registration

2. registration paper

3. articles of association

4. white paper (both Chinese and English)

5. actively answer lawyers' questions

6. < / OL >

   let me introce the legal opinions of lawyers on blockchain projects:

   1 Legal opinion with token certification of non securities nature

   2. White paper legal compliance lawyer opinion

   3. Private placement terms

   4. Public offering terms, website publicity and disclaimer

   5. Preparation of English white paper

   6, Scheme design and resource docking

   7. Service documents between fundraising entity (Foundation) and operation entity

10.

Hello
to issue a legal opinion, Singapore should first register a Singapore foundation, and provide the registration certificate, registration paper and articles of association of the Singapore foundation, including the project white paper
What are the contents of the Singapore legal opinion:

1. White paper compliance: to prove that the project is in compliance with Singapore regulations; Prevent MAS (monetary authority of Singapore) investigation; It needs to be used when going to the stock exchange
2. Token non securitization proof: to prove that the project is non securitized and has been shut down by MAS e to securitization. Report to MAS to prevent MAS investigation
3. Compliance of private placement terms of sale: proving that the private placement and sale before going to the exchange are compliant
4. Compliance with the terms of public offering: it is equivalent to a promise made to the majority of investors after going to the stock exchange to increase the confidence of investors< br />