Bitcoin Forum

hello, I have a team of developers working for a project related to cryptocurrencies.

We are almost done with the whitepaper, which includes at least 30 pages + images of the platform, functions, db, data relations, smart contracts etc.

It is a project in which we have a lot of confidence, but we need investment to be able to start. We want to contact companies that are already in the sector and would surely agree to an investment / partnership.

but we don't know how to do this legally since we are all developers.

Should we first create the company, and then ask for funds from them and declare those funds as profit?

Or will they simply not ask for any official paper of our company and will make the investment in our tokens?

Much better read the SEC about this if you want to make this project legal check this link below

- https://www.sec.gov/ICO

It's not easy to make them legal you need to be familiar with regulatory requirements and follow SEC regulations.
And I think about your question I think you will need an official paper or white paper about your project because they will review what you are planning about your project.

Join Crunchbase, where you'll find a lot of crypto investment organizations who are ready to go all in, on a new innovative concept.

Yes, you have to create the company first, website, etc. Bur, If you want to build trust between you an early bird investors an official paper ought to be involved but Crunchbase act like a middleman and give you access to the thing that will help you if you're a full member of their platform

There are many implications depending on how you conduct your business, and where it's located.

One area that you have to look is if you're allowed to operate legally in your area with whatever you're offering. No idea where you guys are or what you're doing, so you need to figure this out first.

The other area is financial. Basically there are many different types of companies that you can create, depending on the country you are. Each one comes with different pros and cons.

I recommend you to contact someone that can help you locally as rules are different everywhere. Check out your local tech startup scene, they usually have people there that can help you out with these kinds of questions.

I understand that this only applies if the company is located in the US? or is it always necessary?


Thanks mate, I didn't know about crunchbase and it seems like a good source of information


So let's suppose that we create the company in Portugal, where there is hardly any regulation for cryptocurrencies and it is as if they did not exist at the moment. could you make the sale and then just declare it like other companies do? such as a sale or an exchange of currencies. would this work?

In addition, we are from Europe and it is easy to create an online company anywhere in Europe having the e-residency.

EDIT: Do you know what type of legal information We would be asked by the different investors and investment platforms (for example: crypto.com capital)?

Unless your coin/token fails the howey test and classifies as a security, I am afraid you will need to register it in the countries that have IDO investors who wish to purchase your coins/tokens. As far as investors are concerned, you need to go after DeFI investors. Theres a bit of legal stuff involved but I have thousands of contacts to VCs and other institutional investors. I have worked with projects in the past and could be able to advise you  in exchange for some compensation.

Pm me if you want to talk.

What I realized, you need a good marketer on your team. Nowadays IDO and IEO are more popular ways to raise funds. It's possible also to get private investors during that time. So you need a proper plan for your project. Few projects raised funds even don't have anything to show, but if there is in-built something it will be easier to raise funds for your project. I ha worked for a few project marketing and currently working with a few to help them raise funds. So if you feel I could help you then contact me. It's quite important a proper marketing plan to raise funds and partner with ventures.

We know that there are projects that have IDO without even having anything to show. But what interests us is what types of legal procedures must be carried out to get to that point

Hello,we are working on a project for meta,we need a good marketer on our team.Can you help us.We look forward to your joining us.

You can reach me through Telegram for a Quicker response. I am quite active there and working on a couple of projects to manage their marketing. I usually don't work if the team isn't KYC'D or doxxed with trusted partners. Because the scam rate has been increasing day by day. So let me know more details about your project. See my profile and contact.

Maybe not really helpful to your question, but while seeking out information, why not start the project and get it to work first? You say you've got the white paper done so you obviously already know what you want to do. Nothing to stop you doing just that for now.

I'd start doing that thing first, whatever it is. Get an actual product out, usable, testnet or whatever but usable.

That prototype or proof of concept (or whatever they call it these days), WHERE and which network you want to deploy it, those might determine the jurisdictions and type of token, could end up actually helping clarify your legal needs, not the other way around.

In fact, I know teams that do that, get a product out, and then get funding from government (the UK incubators do this a lot) -- then they attach the legal help you need and get you sorted out with seed funding, later on crowdfunding if you need.

Do you have a telegram? I want to communicate with you. I hope you are willing.

I think you should develop your company first. Decorate your website and social media. Then you can attract the investors eye. Investors will review you first before investment. You can do ico, ido, ieo for more capital then.

If your "digital currency" not asking for personal data from users, collecting data about them (cookies) or taking money from them, then it will not require much legal data, which will be open source, anonymous developer and does not give users promises.

If you engage in any activity that collects money for your coin/token (directly or indirectly) which include ICO/IEO that collect money or KYC data, it is better to hire a lawyer if you want to receive that money (mostly bank accounts are opened only with a company registered in that country) and therefore it may be confiscated or arrested on you.

If your promotional campaign pays users with cryptos/your coin, it probably won't require much legal data.

To join to what every other user have said (though i didn't read all), i will tell you what I would do if i was in your shoes...
First, I will create the company, that is creating a professional website with great details about the project, have to whitepaper downloadable from the website as well.
Secondly, since I have a group of developers working on the project with me, this means I wont have to pay any development fee to have an MVP of my company's product, and since my and my developers have full confidence in what we are building, I will go ahead and build the MVP of our main product.
Third, after the MVP is ready, then and only then will i go public seeking investments from different source.
Having the mentioned above in place before seeking investments and partnerships from other companies and individuals alike, will not only make them trust you and your company, it will also help you secure even much more funds than needed.