So you understand why I’m pushing for your involvement in the process? I like and trust @DeusNexus and will put part of my tokens into UniSwap for liquidity when he launches the ERC20 token. But there is a big risk. If you, David, participate in the process, you will reduce the risk with your experience and expertise
SPB backed out when it was stated that only omni maid would be honoured, but I’m sure he would have contacts.
We can’t list on uni without erc.
For 30 / 40 k we could easily pay for erc, but why let deus’s hard work go un rewarded?
For alot less we could list on exchanges im sure.
Have you pledges for that 30 / 40 k.
Talk is cheap, start a thread maybe and ask for pledges.
And after they add you and after 2 months they delist you because you are an anonymous token or because there are not enough trading fees? How many list fees will we pay? Adding to DEX is one-time, they can’t take you out. Never.
Every year I pay hundreds if not thousands of euros for Safe domains and hosting. The hosting of the Safe sites and forums that I keep alone is close to 100 euros per month, which is 10% of my monthly income.
You don’t understand, @Dimitar. David can’t just decide to get involved in this without opening the Maidsafe company to exposure to adverse effects. Legally, he has to always consider the risk and possible consequences to all the investors as well as other vested parties like coin holders. I can see why he is very reluctant to open this potential can of worms without adequate protection.
Deus is close, shouldn’t we just wait a little?
I get your point about delisiting , so we need erc, rush it and it will be a clusterfuck.
No, you don’t understand. I have had many companies. It is not a problem for one person to have many companies in many countries. Nobody trusts MaidSafe. We all trust the man David. The man David can set up a company in a country with favorable crypto laws and help from there.
Whatever David does he will not be able to escape the reality of representing Maidsafe in this kind of endeavor, either implicit or explicit. The link is too strong. If you have had international business experience without any unexpected negative ramifications you have been very fortunate indeed, but to dive into this kind of pursuit without the protection of legal advice and proper insurance would be reckless and irresponsible.
Please let him get back to the business of launching this network instead of constantly having to explain himself and fend off attacks on the forum.
He shafted himself with hmrc supporting this project, do you blame him for being overly cautious?
Friend, this is the crypto world. Everyone does what he wants. It’s full of scams. There are places on the planet without crypto regulations. No one will personally hold David accountable financially. This will be necessary for the Safe tokens anyway. No one, absolutely no one will launch a fiat on/off ramp for an anonymous token. We will need access to liquid decentralized exchanges to have access to fiat money.
Friend, I don’t think you are in a position to guarantee this.
I can, because he can even release OMNI/ERC20 nodes anonymously. Do you know who @DeusNexus is? He’s anonymous, isn’t he?
I think a third-party code audit from a reputable blockchain/cybersecurity firm is necessary.
This is exactly why I think CEX and DEX strategies need to be pursued in parallel.
Setting up new companies to list on DEX sounds like way more work (and liability) than listing to CEX. New companies sounds like an unnecessary distraction to me.
I too like DeusNexus, but I also don’t know him. This is why, once again, I think it’s important to simultaneously pursue both CEX and DEX strategies.
Without knowing details this doesn’t sound like the same way a US llc operates. There are different regulations for financial purposes but I can personally shield myself in an LLC from any liability and when in doubt put a LLC inside a shell LLC just to be sure.
No need for a new company. We need trusted private individuals to keep access to the OMNI private key nodes. I’m ok if David releases such a node as a private person.
I’ve asked many times in many different ways to be shown a clear path for something like erc20 or a major listing. I am in no way blaming anyone but I’ve never seen a timeline or how we definitively get from point A to point B. If we had a plan that was more or less full proof and a timeline to get it done I will gladly pledge 10k USD to accomplishing the goal.
I think in the USA an LLC allows a lot more wiggle room for a lot of employee/partner stuff.Delaware LLC is an oft touted entrance route and tax efficient. The USA though have apparently more space to try stuff, but the SEC I think are probably worse then HMRC if they decide to focus on you, it’s worse than the eye of Souron I believe
Lucky for you, @Dimitar, the eye of Souron has never been on you.
You are partially correct which is why I mentioned an LLC inside an LLC. I have made quite a few in my life and if I was afraid of potential liability because of the activities the company did, I would put those first LLC’s inside a LLC holding company (essentially) in Wyoming which has amazing protective laws. Delaware and Nevada also high on that list.
Yea, we don’t have these, well there are shell companies but it’s hefty legals at that stage and best done well overseas out of the way. Shelling a company is something we don’t really have access to here, well not easily. I suppose the USA is more risk compatible, whereas the UK is heavily risk averse.
That is until you get into real financials in a big way, the the UK leads the world in fraud, in fact is handles 1/3 of the worlds fraud. So it’s a bit off balance, the small non finance companies get shafted a lot and the big fraudsters get seats in the lords or government