Steemian,
Launching of the SmartOne Token and the legal right of the SmartOne Company in the crypto-community which is SmartOne Legal Right. But before I begin I will first and foremost introduce the SmartOne Company aim for crypto community and currency.
Who is SmartOne/What is SmartOne?
SmartOne is a Legal Company that is being built and founded by group of Legal expert who are ready to bring in their legal expert knowledge into the crypto world and be able to create and develop a great impart of friendship between all crypto community and bring them together as one body or family for one purpose.
Those Who Are Behind The SmartOne?
There are three group of persons behind the SmartOne Company
The Founders/ Foundation Council Group: This group consist of four guys below.
The Second Groups are the Team and It is made up of seven guys below:
The Third Groups are the Advisory Board Members and it is made up of three guys below:
Aim of SmartOne:
The major aim of this company is to bring and introduce to the block-chain community the legal support that will guide and protect every block-chain company by using the legal aspect to drive the sector for a greater productivity.
OK, the main reason we are here is to know and see how SmartOne Legal can be an helping hand to the cryptocurrency enterprise scene, but before then let's look and talk about the challenges before the solution.
As the cryptocurrency market and community keep on increasing in size and expanding on a daily basic, there are lot of challenges that is facing the cryptocurrency community which include these two point:
1. The Path of State Money Transmission Licensing.
2. Securities Regulation of cryptocurrencies and appcoin tokens.
from Brito and Peter Van Valkenburgh and the video below tell more about the two point above.
The second challenge will be from the CFTC commissioner talking about the Tokens that started has securities and may transform into commodities where he gave two major quote/ statement below: All the statement below where gotten Here
Digital currencies "may actually transform at some point from something that starts off as a security and transforms into a commodity," CFTC Commissioner Brian Quintenz said at the event hosted by Georgetown's law school. "That's going to be a very difficult but important conversation for us to have to give the market certainty, to allow for innovation to flourish and continue, but to make sure that we're being consistent in how we apply commodity law and protection of consumers across all products."
And here is Bloomberg’s account:
“It was right to classify it as a commodity, but we still have a lot of work to do,” he said yesterday to reporters at the FIA conference. “ICOs, these things can transform. They may start their life as a security from a capital-raising perspective but then at some point -- maybe possibly quickly or even immediately -- turn into a commodity.” His comments were some of the most specific from the CFTC on the nature of ICOs.
“There are new challenges all over the place with virtual currencies and commodities,” Quintenz said.
After looking as the above challenges facing the cryptocurrency community and the market at large, now how can SmartOne Legal be an helping hand to all cryptocurrency community in market place.
Legal Mediator
SmartOne Legal can stand as a "Legal Mediator" between companies using cryptocurrency for transaction and it's client when making payment online without physical contact between the two parties by signing electronic agreement with id card and genuine document for the conformation.
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Therefore since SmartOne legal right will be involve in any transaction, transferring huge amount of cryptocurrency amount between both buyers and sellers can highly be protected, secure and trustworthy between both parties without any fears or worries.
With that scammer and phishing can be avoid since legal right are involve in every transaction that is being made.
Insurance Company
In any business there might be lost incur in it; but to minimize the effect of lost on the business, the cryptocurrency community needs a legal insurance company that they can fall back on or rely on for the recovering of fund, and that is where the SmartOne Legal Company comes in and stand as a legal practitioner between investors and the cryptocurrency company during lost of fund in any form/ways and the repayment of the fund.
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Using cryptocurrency for the donation of natural disaster for victims
With the occurrence of natural disaster in our community and around our environment, most country government bodies can use the help of the SmartOne Legal company to invest heavily in the cryptocurrency market for a long period so as to use its profit that is being generated for the assistance of those who are victim to natural disasters.
But the private key still remain the property of the government bodies for the reclaiming of their investment fund and profit, while the legal document of agreement will still remains with the SmartOne Company for legal purpose.
The uses of SmartOne company legal issues surrounding cryptocurrencies can never and will never stop a business from succeeding but rather it will bring trust, security and safety between the cryptocurrency community and market place by using the legal policy of SmartOne company.
The SmartOne Legal company will be lunching their token on the 30th of October and it is only register members that can have access to the token, and below is the diagram.
The SmartOne legal Company has come to bring and solve a solution in the cryptocurrency community and market place with legal policies and legal right, below shows the diagram of the company three ways in which they can execute all those plans, which are The Market Place - Automation - Legal Consulting.
The SmartOne Legal Company has come to solve problem and bring solution in the cryptocurrency world, and has come to stay and will remain as long as the cryptocurrency community is still existing online. For more info about the SmartOne Legal Company Here
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