SmartOne aims to bring the disruptive capabilities of blockchain-based enterprise to the LEGAL sector by creating a means of access to LEGAL services for the crypto community itself. SmartOne is itself a community, designed and built by a team of legal and technical experts based in and around Zug, Switzerland, birthplace of some of the world’s first crypto currencies, like Ether, and now known as Crypto Valley.
|Token for sale||13,000,000 LGL|
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Establishing new environment
LEGAL is the means by which the crypto community will gain access to programmatic and
cost-effective legal and compliance services that they can trust. Simultaneously, it will
provide their own users and investors with the confidence they need to support newly
launched crypto enterprises. At its most visible level, LEGAL will be the bridge between the crypto and legal communities but mission goes a lot further than this. As well as creating access to legal services.
The multi-billion dollar world of blockchain development has a problem: it cannot easily
access the legal services it needs to continue its development as the most disruptive
digital technology since the Worldwide Web. In the past year, blockchain enterprises with a crypto currency have crossed a threshold. Whereas they were once privately funded by a few individuals, they have now opened them selves up to a broader investor community by undertaking Token Generating Events that enable them to crowd source funds.
SmartOne has designed the LEGAL token as the solution to this misalignment of the crypto and legal communities. Designed to bridge the gap between two sectors, LEGAL addresses the lack of access to the legal sector currently experienced by crypto communities and at the same time, creates the foundations for a legal tech ecosystem based around network and platform. By enabling access to the network, LEGAL brings crypto communities and the legal sector together.
An Accredited RIP is your gateway to meeting TGE Regulator requirements. As an intermediator holding relevant intermediary licenses, they will be able to liaise with appropriate Regulators, operate the KYC process for your TGE and ensure that the correct information is collected to meet regulatory demands.
SmartOne has been established as a Liechtenstein-based foundation with the intention of serving both as a provider of legal services to TGE organizers and financial institutions, and as an umbrella organization for the promotion of research and development activities that are connected to the protocol. As one of the earliest providers of legal solutions to the blockchain market, is also committed to developing the wider legal and regulatory landscape for crypto communities.
The original SmartOne service providers are LegalOne, NextLex and SKUANI. Together they provide the resources need to deliver comprehensive legal services. These partners are fully committed to SmartOne and have invested 2 million among them. As key technology platforms that are vital to SmartOne’s success, it’s important to note that NextLex and SKUANI are fully operational.
The LEGAL token lies at the heart of the SmartOne ecosystem. Its main role consists in the embodiment of a right. The right to membership of the ecosystem. membership, the LEGAL token also serves as a license to use the SmartOne protocols. These enable token holders to access legal services, including the common regulatory requirements of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes, through blockchain technology. membership status and thus benefit from these advantages.
Platform and protocol
The SmartOne Foundation aims to promote and develop new technologies and applications, focusing in particular on open and decentralized software architectures. The aim is to promote and develop the SmartOne protocol (or corresponding technology) as well as to promote and support applications using the SmartOne protocol. The system will provide a quantified insight into the creditworthiness of individual tokens as well as their classification into legal classes.
According to the Blueprint for Digital Identity from the World Economic Forum, the lack of digital identity systems in the world at large is having a negative impact on financial institutions. see that a digital identity solution is a necessary prerequisite to the broad-market introduction of blockchain-based products and services. As a practical example, the city of Zug will provide from September 2017 its inhabitants with the opportunity to create their own digital passports using blockchain technology.
A Smartone Accredited Financial Institution Partner will be the key to gathering funds from your investors in exchange for your tokens. Approved by the Regulatory Intermediary Partner, your FIP will be responsible for provisioning all bank accounts, including an escrow bank account, and developing access procedures for these accounts.
Accredited Legal Partners will be able to advise on applicable legislation, contractual requirements, token sale terms, TGE category, engagement with regulators and appropriate privacy polices, all tailor-made to YOUR TGE, for YOUR business in YOUR markets.
Klaus D. Stark FOUNDATION COUNCIL
Patrick Salm FOUNDATION COUNCIL
Christoph Küng LEGAL BUSINESS DEV. LEAD
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