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As of the time of this post, we have not heard anything further from Cryptopia. It’s now weekend in New Zealand. We are not anticipating a response until Monday 5/21/18 at the earliest.
We will update our community as soon as we received any response from them.
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I have noticed that Cryptopia obviously started to list new coins again, seems like a good news   They have listed 3 new in the last 3-4 days, according to their twitter account: https://twitter.com/cryptopia_nz So it seems that it should not be long until DNotes will also finally get listed, which is of course awesome!  Thank you for sharing, Amadeus82. I trust that you are correct - "it should not be long until DNotes will also finally get listed." |
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We are of the understanding that we will have a response from Cryptopia in the next 24 hours or so.
While anxiously waiting, I like to share this reflection with you:
In business, overnight success is a fantasy far more often than a reality. A clearly articulated vision with a defined path to the mountain top where your destined vision resides is paramount to success.
Others can slow you down but not stopping you on your path. Such is DNotes. We are relentlessly committed to our vision of a trusted inclusive digital currency to the mutual benefits of everyone. That is our pathway to the mass adoption of DNotes in global commerce.
Thank you all for supporting our cause.
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Interview with Alan Yong - School for Startups Radio Great stuff Alan. It's great having your wisdom shared on radio to complement the book and video formats available. I think so too, Tim. That is a good way to reach out beyond our industry to help DNotes gain mass acceptance. I have done a dozen of them with quite a few more to go. |
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DNotes,
Even with all of the education you are bestowing upon us it still comes down to being listed and watching us grow. The only concern I have with Cryptopia is that they knew all that was happening during the delisting was that DNotes was upgrading to DNotes 2.0. When they decided to stop the process for the listing of 2.0 because they needed to look into everyone that is trying to be listed is ridiculous. We all have read the news and knows what happened with MT Gox, and Korean exchanges, but it has nothing to do with DNotes upgrading and being put back on the market. They already know us!!! So it's hard for all of us on the outside to understand why DNotes 2.0 is not listed on any of the big exchanges and/or what is taking so long to be listed somewhere so we can grow. We know that exchanges are charging outrageous amounts of money to be listed, but to not be on any of the top 30 exchanges is concerning. If we were in a board meeting I would have brought this to everyone's attention and not hide behind a keyboard. Not too long ago we were getting updates on where we stood with other exchanges, can we get more of those and how we can assist with convincing them. I know I have sent messages to different ones and asked for DNotes 2.0 to be put on but probably to deaf ears. This is NO way an attack on anyone just voicing my concerns that I'm sure others are feeling. I am also praying that some good news will come our way in bunches as the bad news normally does in the cryptocurreny world.
Thank you, The Cheezzz. Great comments. I share your frustration and can assure you with certainty that we have been reaching out to every single exchange that trades cryptocurrencies multi times. After doing our due diligence, there are a few (some among the largest) we prefer not to do business with but most have not responsive. Further, it is not uncommon to see an asking price of 5 BTC to 15 BTC to get listed. I have heard about significantly higher amount involving ICO coins. Nonetheless, getting DNotes listed on some major exchanges is among my highest priorities. As promised, Cryptopia will get back to us by this Friday and we will share the information immediately. There are a lot of questionable conducts in our industry that don't always match up with public statements. All exchanges in our industry are under law enforcement scrutiny for trading security as an unregulated exchange. When the dust settled the pure token coins like Bitcoin, Litecoin, and DNotes are among the minority and limited few. When trust, integrity, mission, and purposeful vision are added to the mix, DNotes is a rare breed. We are verifiable with massive amount of published information. |
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Thanks for the article, Tim. It brings up a question. Here's a quote from the article: If it does have intrinsic value (read: profit share), real equity investors in the ICO-born company will watch on as the ICO token proves a permanent drag on the company’s long-term prospects – which, given the general spending on intangible business activities, aren’t good to begin with. The token goes to zero.Could you explain further how that works? The only reason I would or have ever bought into ICOs is because of the promise of recurring and permanent profit sharing. You say that actually delivering on this promise drags down the company and I can see how having to allocate 10% to token holders and such would represent an opportunity cost for the company. But how is that different from dividend paying stocks? Please educate me  Thanks for the question wiser! I had to delete two words in the article and replace another to clear up some of the meaning. The first part to say about your question, is that there are a wide range of ICO structures, so i'll just answer for probably the most common (which do sometimes vary depending on the application being built - say exchange or retail businesses etc). The second part is that most ICO tokens that I've seen are not actually 'profit sharing', but rather 'income sharing' -- I'll explain. In a profit-sharing scenario, the ICO would need to be generating significant revenue, and be running an operational surplus for ICO tokens to ever receive a 'dividend equivalent' payout. The business that ran the ICO would take their total income for the year, subtract all their expenses, then decide how much they want to reinvest back into their business for improvements, and the leftover is the 'profit'. Dividends to equity owners in traditional businesses are paid based on profit, which is determined after the company decides how much it wants to hold onto (retained earnings) for business upkeep / growth. If the company wants to grow, it just holds onto all the earnings for the year. This is a luxury it wouldn't have when it comes to ICO payments that are generally based on gross income, rather than profit (i'll get to this). So in a hypothetical example, say my ICO business turned over 10m for the year, had 8m of expenses for the year, and I decided to reinvest 1m of the remaining 2m into the company to improve its services. That would leave 1m in profit. If my ICO token promised a 10% return from all profits, there would be 100 thousand dollars paid out to the ICO token holders, and then the equity owners would get the rest in dividends (as they are lower than ICO tokens in the capital structure). But the way that many ICOs I've seen are set up, is the token is used as a voucher to pay the fees to use the ICO's network, where a certain percentage is paid back to token holders -- which functionally makes them a drain on total income. The funds are automatically forwarded to the token holders, so they are potentially never recorded on the ICO's income statement, but the final resting places of all funds involved in the transaction remain the same. Me giving you $20, and then you giving 10 of it to someone else is exactly the same as me giving you $20, and your software automatically giving that $10 to that other person. So with Tim's ICO of 10m turnover with a 10% return of network fee to token holders, there would be 1 million dollars paid out to token holders, rather than just 100k in the above 'profit' model. One of the 'payment processing' coins out there has a functional draw from its network equivalent to ~25% of what would be considered its 'net income' from fees. That would be a draw of 2.5m out of the 10m turnover in Tim's ICO, which would suddenly see Tim's ICO making a loss: remember that regardless of the way you play trick accounting, a 10m turnover, less 2.5m ICO dividend, less 8m expenses = 0.5m loss, is exactly the same as a 7.5m turnover, less 8m expenses = 0.5m loss (not accounting for ICO income in turnover, nor as a dividend drain). There are four main ways that I can see this potentially hurt an ICO business: Firstly, the drain from income occurs regardless of whether the ICO company is making an operational surplus -- meaning it could make it stay in the red longer, and at worst accelearate losses that force it to go broke if it can't turn profitable by the time the ICO money runs out. Secondly, The above scenario could scare investors away from putting their money into the ICO business (or save one) that had such an automatic drain on its turnover, because: Thirdly, sustainable operational surpluses are required to reinvest surplus capital back into the business that allow it to grow (and equity investors care about growth). Investors only tolerate perpetual losses for so long. Once a business runs out of money, and nobody wants to invest, it dies. Fourthly, and last, the fee structure places the startup at a competitive disadvantage to other projects that don't have, say, a 25% income drain sent to token holders. A hypothetically otherwise 'identical' competitor (No ICO) could eliminate some of this margin to attract new customers, yet still remain profitable and grow. i.e. Baseline (using everything recorded accounting, and assuming expenses are fixed): Tim's ICO = 12.5m turnover, less 3.75m ICo dividend (25% of network fee), less 8m expenses = 0.75m operating profit to reinvest. Competitor = 12.5m turnover, less 8m expenses = 4.5m operating profit to reinvest and grow. And if engaged in a price battle: Tim's ICO = 10m turnover, less 2.5m ICO dividend (25% of network fee), less 8m expenses = 0.5m loss, disgruntled equity investors. Competitor = 10m turnover, less 8m expenses = 2m operating profit to reinvest for growth. As you can see, an equally competent competitor without income-based ICO will easily win a price war. While the ICO model will see greatly reduced growth in the business even as turnover rises. The ICO token in this model anyway, becomes a parasite on the economy that constrains its growth. And the only way to draw more investment in to remedy the situation is to attract more investors -- but again, why would they want to bail out a business where they get reduced growth, and where ICO token holders still get paid even when the busienss is making a loss? That investment could be the difference between many ICO businesses surviving or failing. And as each ICO business dies, so too does its token. Note: there are lots of different ways ICO's can look, and not all ICOs are prone to all the downsides in ever case. Models are illustrative only. Great explanation Tim! Conflating this concept to company shares traded on the stock market: Profit sharing is often not the most effective way to increase shareholder value. I know it sounds exciting, but what if that 10% profit equates to less than 1% return on investment for the shareholder that year. Or what if the company could have used that money to grow the company's value by 10% instead and make the shares worth 10% more that year. I am sure that there are great projects and legitimate ICOs, though I must confess that I cannot cite specific examples without doing further research. There also are broader issues of concern. Is the capital raised fully and accurately accounted for? Who are accountable if the funds are squandered or blatantly misused? And much more, if I want to go on. Additionally, I am concern that, in some cases, the payout, if any, is from the capital raised and not from real gain generated from the project represented. If party “A’ raised $40 million and paid out $4 million, it could create a temporary period of excitement until such time when the payment stopped, project abandoned, and the balance of the remaining $36 million unaccounted for. These are serious issues hurting our industry leading to enforcement actions. |
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Another excellent article, Tim. I believe that the "thinning out" process in our industry has started. This happens to all major technology industries where the cost entry barriers are low, enabling an abundant number of "me too" at the early stages. It happened in the personal computer era, the dotcom era. This cryptocurrency blockchain era will not be an exception. Thanks for sharing your deep knowledge. |
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I'm not involved in Bitcoin and cryptocurrency but was referred to DNotes in regards to your venture capital program where you help companies raise up to 3 million dollars through legal fundraising. The ICO route currently seems very risky, if not outright illegal, but you list on the white paper that DNotes will be facilitating ICO's. What might that look like, and will there be investor protections?
Will DNotes Consulting and Venture Capital be focused on funding for cryptocurrency based businesses only, or can unrelated businesses participate also?
Hi Member Hero, welcome to DNotes. DNotes Global NextGenVC is contingent on the successful completion of our Reg. A+ Mini-IPO Tier 2 to raise up to $50 million from accredited and non-accredited investors. During the first year of operation, NextGenVC will select one among many potential candidates that best fit our business model and best in class mindset. It does not have to be in the cryptocurrency business but one that could benefit from our association as a digital currency and blockchain technology leader. High preference will be given to companies that have a revenue producing history of at least two years with high growth and profit potential but constrained by other shortcomings. Up to $3,000,000 will be funded by our group to best position the company for successful funding. We will mutually select a funding program that best meet the company's capital needs provided that we can be in compliance with existing security laws in a security token offering. The security token will be offered in conjunction with DNotes blockchain and DNotes Global exchange when available. More details will be disclosed in the coming months. We believe that ICO can be an excellent tool to facilitate capital formation but must be structured with consumer protection and in compliance with existing security laws. This is in line with our vision of mass adoption of DNotes and the best use of DNotes Global's fully integrated ecosystems. However, please understand that we will be very selective. Thank you for the speedy reply. So if a successful candidate will exchange equity for acceleration capital and consultation services, does this mean DNotes consultation services will be provided over the duration of the businesses lifetime? Or will equity be sold off as DNotes so chooses? From what I have seen, DNotes has a good business model. What terrifies me the most about cryptocurrency is inadvertently being caught up with criminal activity, and being found guilty by association. Until such risks are mitigated, conservative investors will not be participating in cryptocurrency. If DNotes can pull off what is being claimed, it will remove entry barriers for major investment firms who are chomping at the bit to place their bets. At that point I would consider adding cryptocurrency to my investment portfolio. Can you give me an idea of which stock exchanges DNotes Global might be listed on? Some analysts are calling for corrections/reversals in these respective markets. would it make sense for DNotes to avoid exposure to these markets until they stabilize and return to their average trendline? Sorry for taking up so much time of your time with all these questions and thank you in advance for the reply. Hi, Member Hero. Thanks for some great comments and questions: Q. Thank you for the speedy reply. So if a successful candidate will exchange equity for acceleration capital and consultation services, does this mean DNotes consultation services will be provided over the duration of the businesses lifetime? Or will equity be sold off as DNotes so chooses?A. All of DNotes Global’s business units must be viable sustainable entities - their service or product line must have significant growth and profit potential. This same philosophy applies to our selection of any investment candidates we decided to fund. Additionally, we must also have a high level of confidence that the top management and leadership share our general business philosophy and best in class mindset. Our goal is not to generate billable hours for our consulting business but to help the company develop internal capabilities especially in the areas of management and leadership. We train others to multiply ourselves – in terms of business philosophies, unified culture based on the key pillars of business success. We want them to grow with us, not dependent on us for ever. DNotes Global will always reserve its rights to liquidate its ownership or equity position subject to restrictions of any agreements. But we are not interested in short-term investment. Our goals go beyond generating a high rate of return for our shareholders. We believe that this is one of the best pathways in assisting DNotes to gain mass adoption. We believe that the right candidate will not only have our long-term commitment to ensure optimum business success but also benefit from our family network of partnerships and technologies. In short, we will liquidate if we must, but we are in it for the long term. Q. From what I have seen, DNotes has a good business model. What terrifies me the most about cryptocurrency is inadvertently being caught up with criminal activity, and being found guilty by association. Until such risks are mitigated, conservative investors will not be participating in cryptocurrency. If DNotes can pull off what is being claimed, it will remove entry barriers for major investment firms who are chomping at the bit to place their bets. At that point I would consider adding cryptocurrency to my investment portfolio.A: The shady side of our industry is concerning. We believe that for any coin to gain mass adoption, it must have a group of highly committed supporters with sufficient invested self-interest to protect and promote the best interest of the coin. In the case of DNotes, we took it one step further and created DNotes Global, Inc. to create intrinsic value and shareholder value. Our cross-ownership further enhanced the “self-interest” and quite frankly inspired support and followings beyond our industry. DNotes business model is quite complex and extensive. We are religiously committed to best in class mindset in all things that matter, including building a trusted brand, being purposely inclusive, doing the right thing, the right way, at the right time, stay in compliance with existing laws, and much more. DNotes has certainly differentiated itself as a unique breed among others in our increasing crowded space. We are very transparent and relentlessly committed to our vision of mass adoption of DNotes. We have developed an enormous amount of researchable materials for serious investors to do their due diligent with convenience and ease. Q: Can you give me an idea of which stock exchanges DNotes Global might be listed on?A: Shortly upon successful completion of DNotes Global Reg. A+ Mini-IPO Tier 2 we plan to have our shares listed on OCTQX. The process is very straightforward. Q: Some analysts are calling for corrections/reversals in these respective markets. would it make sense for DNotes to avoid exposure to these markets until they stabilize and return to their average trendline? A: Sounds reasonable but that may not be a good idea. From my prospective, our industry is at a period of extremely risk. It is in a period of thinning out and will be harder for irrelevant coins to survive. The temporary delay at Cryptopia to list DNotes 2.0 could turn out to be advantageous as a short-term event. However, since DNotes is significantly undervalued with a clearly differentiated trusted brand I believe that this is the appropriate time to stand tall and claim our rightful place. Q: Sorry for taking up so much time of your time with all these questions and thank you in advance for the reply. You are most welcome. Feel free to connect with me on LinkedIn, send me a private message, or make a post here, if I can be of further assistance. |
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I must say that in this whole situation with Cryptopia listing, the only thing that I find a little disappointing, is that they let us know about delay in listing only about one or two days prior to when actual listing should happen  This is maybe a little unprofessional from their side, because DNotes (and also me) already shared a lot of post and news of listing on May 12th. Now in the eyes of some investors we (DNotes and all who help promoting it) could be seen like the ones who are not serious and professional, because the listing date was changed so close to when actual listing should happen. In the long run I suppose it does not matter, but as now, I think it is important to explain the investors why it came to this situation. I think that team already made a good work on that, especially with published letter of Alan Young, so I think we shall be just fine Hi, Amadeus82. Your points are well taken. It is disappointing to see DNotes listing placed on hold a day before it was supposed to be listed. We may never know for sure what happened. I trust that my letter could help them reach a legal opinion beyond any reasonable doubts that, like Bitcoin, DNotes is not a “security” but a “token” because it has never been used as an investment funding vehicle to raise capital. |
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I must say that in this whole situation with Cryptopia listing, the only thing that I find a little disappointing, is that they let us know about delay in listing only about one or two days prior to when actual listing should happen This is maybe a little unprofessional from their side, because DNotes (and also me) already shared a lot of post and news of listing on May 12th. Now in the eyes of some investors we (DNotes and all who help promoting it) could be seen like the ones who are not serious and professional, because the listing date was changed so close to when actual listing should happen. In the long run I suppose it does not matter, but as now, I think it is important to explain the investors why it came to this situation. I think that team already made a good work on that, especially with published letter of Alan Young, so I think we shall be just fine Last night was the first time I have had a few spare minutes to even look at what is listed on Cryptopia. DNotes is the least of their concerns! Unfortunately it appears it is getting lumped in with the rest, including many that won't hold up to regulatory scrutiny. Perhaps their lawyers could speed things up by reading the Cryptocurrency & ICO Screening Guide For Investors - https://dnotesedu.com/2018/02/cryptocurrency-ico-screening-guide-for-investors/.  Thank you, Chase. The DNotesEDU article - “The Cryptocurrency & ICO Screening Guide For Investors” is fantastic. It is highly recommended reading: https://dnotesedu.com/2018/02/cryptocurrency-ico-screening-guide-for-investors/ It is unfortunate that DNotes listing on Cryptopia has been delayed. My letter to Cryptopia is on page 213. Here is a portion of it: “ As much as it is disappointing, I appreciate that you promptly advised us that the listing of DNotes on Cryptopia has been delayed. I understand that all exchanges trading cryptocurrencies are under intense scrutiny for regulatory compliance.
At issues, among others, is whether a coin listed on an unregulated exchange is a “token” or a “security”. From a legal prospective, a coin becomes a security token when it is utilized as a funding vehicle most commonly used in ICOs. In the process of using a token to raise capital, a change of state occurred – the status of a token becomes a security. There are no known exceptions.
Here is a prime example of a token: Bitcoin, while being labeled as a “token”, “commodity”, “property”, and more, has never been labeled as a “security”. This is because Bitcoin has never been used as an investment funding vehicle to raise capital. DNotes holds the same status as a token and not a security. DNotes has never been used or will ever be used as an investment funding vehicle to raise capital.
DNotes’ management and leadership are among the most committed to remain in compliance with all existing laws as we strive to build the most trusted brand for DNotes to gain mass adoption. We have devoted the last four years in building a fully integrated ecosystem that will help bridge the gap between the decentralized cryptocurrency world with current centralized systems. Everything will be done in full compliance with existing laws”. Readmore: page 213 |
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I'm not involved in Bitcoin and cryptocurrency but was referred to DNotes in regards to your venture capital program where you help companies raise up to 3 million dollars through legal fundraising. The ICO route currently seems very risky, if not outright illegal, but you list on the white paper that DNotes will be facilitating ICO's. What might that look like, and will there be investor protections?
Will DNotes Consulting and Venture Capital be focused on funding for cryptocurrency based businesses only, or can unrelated businesses participate also?
Hi Member Hero, welcome to DNotes. DNotes Global NextGenVC is contingent on the successful completion of our Reg. A+ Mini-IPO Tier 2 to raise up to $50 million from accredited and non-accredited investors. During the first year of operation, NextGenVC will select one among many potential candidates that best fit our business model and best in class mindset. It does not have to be in the cryptocurrency business but one that could benefit from our association as a digital currency and blockchain technology leader. High preference will be given to companies that have a revenue producing history of at least two years with high growth and profit potential but constrained by other shortcomings. Up to $3,000,000 will be funded by our group to best position the company for successful funding. We will mutually select a funding program that best meet the company's capital needs provided that we can be in compliance with existing security laws in a security token offering. The security token will be offered in conjunction with DNotes blockchain and DNotes Global exchange when available. More details will be disclosed in the coming months. We believe that ICO can be an excellent tool to facilitate capital formation but must be structured with consumer protection and in compliance with existing security laws. This is in line with our vision of mass adoption of DNotes and the best use of DNotes Global's fully integrated ecosystems. However, please understand that we will be very selective. |
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Interview with Alan Yong on CVBT AudioAUDIO: Entrepreneur says he has invented a better bitcoin mousetrap • Alan Yong says he is building his new business on four pillars of success • “We are right now witnessing the next greatest technology revolution” That was a excellent podcast Alan!! I wanted to let you guys know the video has been removed on that link. I really hope MANY listen to it and spreed the wonderful advice and Dnotes itself! thats unfortunate about Cryptopia but I truly believe it will prove more beneficial in the long run. Great work you guys!! So cool to see the action unfolding after 4 years!! Thank you, mrbum805. I have been doing a few podcast interviews every week and they keep coming in. It's quite demanding and taking up a lot of my time. The interviews are totally unscripted and I have no idea what to expect each time. This is not something I love doing. But for DNotes I will do what it takes to get the words out. |
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Speaking of the Wild West of ICOs, I posted some questions I have about the Worbli ICO (the example I posted about here earlier). My comment got downvoted by Worbli. I don't want to read too much into it, but it seems to send the message that due diligence type of questions are not welcome. In the Steemit culture, downvoting is fairly rare so when it happens it stands out. If I ran a project like that I would never want to do anything that could be interpreted as unwelcoming of due diligence. That just seems crazy. I'm not offended by the downvote or anything. I just find it interesting... Wiser, I am sorry to hear that but not at all surprised. This gives us more reason to stay on course and continue to do the right thing. |
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All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!
This is certainly disappointing in the short-term, as I know that many in the community were excited about the planned listing. It is always somewhat frustrating when announced plans get changed, even when it happens due to unforeseen circumstances. From a long-term perspective, however, you're certainly right: this will end up being a good thing. Alan is 100% correct in his assessment of the industry’s current state. Because there are some bad actors out there, everyone in the industry is being viewed with skepticism. Regulators appear to be intensifying their scrutiny of currencies, exchanges, and every other aspect of the digital currency revolution. From our point of view, that cannot be anything but a positive development. It is an unarguably good thing that Cryptopia is adopting stricter self-regulation to ensure that it is listing only legitimate digital currencies. It is an unarguably good thing that DNotes gets an opportunity to demonstrate its legitimacy in this manner. And it is an unarguably good thing that DNotes stakeholders will be provided with this added assurance that they have put their trust in a project that goes the extra mile to prove its merit. As Alan has repeatedly stressed, DNotes is committed to maintaining strict compliance with every law and regulation. The industry may currently seem like the Wild West of Hollywood movies, but those stories generally have heroes who adhere to a higher moral and legal code. DNotes is determined to fill that lead role, and this added scrutiny can help to shine a spotlight on that commitment. Thank you for your thoughtful comments, Kent. Frankly, our industry is conveniently blind but innocently confused. I am applauded by how many accomplished professionals have been perpetuating bad behaviors that are bluntly unacceptable and clearly unsustainable. Yes, since the beginning, we saw the day of reckoning coming and refused to join the party. I trust that this hardship will further differentiate DNotes from others. This could help propel DNotes to a leadership position even sooner than I personally anticipated. Again, always do what it right and give it all you got to the benefits of everyone. We are consistent and verifiable. We must respect the rule of law and help to protect investors’ hard-earned money. Majority of us are struggling to make ends meet. I can’t to happier to see DNotes making a difference. Thank you all for making DNotes a success. |
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DNotes Listing Cryptopia Delayed:Response to Cryptopia Exchange:Hi Sam, Your email has been directed to me to ensure that your lawyers reviewing our case for the listing of DNotes on Cryptopia received the most accurate and current information from the highest level of our organization. I am Alan Yong, one of the Co-Founders of DNotes and the CEO of DNotes Global, Inc. As much as it is disappointing, I appreciate that you promptly advised us that the listing of DNotes on Cryptopia has been delayed. I understand that all exchanges trading cryptocurrencies are under intense scrutiny for regulatory compliance. At issues, among others, is whether a coin listed on an unregulated exchange is a “token” or a “security”. From a legal prospective, a coin becomes a security token when it is utilized as a funding vehicle most commonly used in ICOs. In the process of using a token to raise capital, a change of state occurred – the status of a token becomes a security. There are no known exceptions. Here is a prime example of a token: Bitcoin, while being labeled as a “token”, “commodity”, “property”, and more, has never been labeled as a “security”. This is because Bitcoin has never been used as an investment funding vehicle to raise capital. DNotes holds the same status as a token and not a security. DNotes has never been used or will ever be used as an investment funding vehicle to raise capital. DNotes’ management and leadership are among the most committed to remain in compliance with all existing laws as we strive to build the most trusted brand for DNotes to gain mass adoption. We have devoted the last four years in building a fully integrated ecosystem that will help bridge the gap between the decentralized cryptocurrency world with current centralized systems. Everything will be done in full compliance with existing laws. To accomplish our mission, we incorporated DNotes Global, Inc. in the state of Delaware on April 1st, 2016. It is also registered in the State of Illinois, USA. DNotes Global provides the leadership and management to assist DNotes, the digital currency, in gaining mass adoption. We manage DNotes as a business without controlling it as one. DNotes remains as a truly decentralized entity and not involved in any funding. As a group, we are not in favor of ICOs as they are structured and conducted today. DNotes Global, without any participation of DNotes, is working on two rounds of funding – Reg. D 506 (c) to raise up to $5 million from accredited investors, and later this year; Reg. A+ Mini-IPO to raise up to $50 million from accredited and non-accredited investors worldwide. Both rounds will only proceed with necessary filings with the SEC. I hope that this will assist your lawyers to promptly give Cryptopia an objective legal opinion. I believe that it is mutually beneficial to both Cryptopia and DNotes to list DNotes on your exchange without further delay. When the dust settled, there may not be many coins that qualify to remain as tokens that can be legally traded on unregulated exchanges. Feel free to reach out to me anytime if I can be of further assistance. Otherwise, please continue to communicate with contact@Dnotescoin.com directly. Yours sincerely, Alan Yong Co-Founder, DNotes CEO, DNotes Global, Inc. Related links: https://finance.yahoo.com/news/dnotes-global-inc-ceo-alan-234500830.htmlhttps://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-tradinghttps://www.crowdfundinsider.com/2018/05/133054-what-crypto-start-ups-can-learn-from-the-dotcom-boom-and-bust/
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Our industry is going through a bloodbath. This could be the worst that we have seen so far. We are now being painted with a very broad brush. Until the “good”, the “bad”, and the “ugly” are finally sorted out I would urge extremely caution. It is imperative to do your due diligence before investing. I believe that, “all exchanges trading cryptocurrencies are under intense scrutiny for regulatory compliance”.
We have just been advised by Cryptopia that our listing on their exchange is delayed. Their lawyers are currently reviewing all new and current listings. They indicated that this will only take a few days.
Because we have publicly announced, with Cryptopia approval, the listing date of May 12th, 2018 I am obligated to make my response to Cryptopia public. I shall be doing so in a following post.
I am hopeful that my response will enable their legal team to reach a positive legal opinion promptly. While this is most disappointing, I trust that over the longer-term this could be advantageous to DNotes as the trusted digital currency committed to follow existing laws.
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Quote from wiser:
DNotes Telegram Channel today:
My desktop wallet stopped staking sometime yesterday. It was showing unlocked but not staking. This morning I restarted it and unlocked it for staking only, and after a few minutes, maybe 15, it still wasn't staking. I'm not in front of it now so can't troubleshoot, but I was wondering if it was just me having that problem. My computer does need to be replaced, so that may be my issue
Hi Dyna, thank you for sharing this in the BT thread. I was wondering if you could please share the link the the DNotes Telegram group. Thanks in advance Certainly. Here it is: https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuAThanks Dyna, much appreciated Quick question. Would it be possible to change the url to be more brand friendly? This question is redirected to Tim and Dan. Thanks Dyna, it would be easier to find when searching Telegram Excellent. Thanks, Dan. |
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Quote from wiser:
DNotes Telegram Channel today:
My desktop wallet stopped staking sometime yesterday. It was showing unlocked but not staking. This morning I restarted it and unlocked it for staking only, and after a few minutes, maybe 15, it still wasn't staking. I'm not in front of it now so can't troubleshoot, but I was wondering if it was just me having that problem. My computer does need to be replaced, so that may be my issue
Hi Dyna, thank you for sharing this in the BT thread. I was wondering if you could please share the link the the DNotes Telegram group. Thanks in advance Certainly. Here it is: https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuAThanks Dyna, much appreciated Quick question. Would it be possible to change the url to be more brand friendly? This question is redirected to Tim and Dan. |
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Quote from wiser:
DNotes Telegram Channel today:
My desktop wallet stopped staking sometime yesterday. It was showing unlocked but not staking. This morning I restarted it and unlocked it for staking only, and after a few minutes, maybe 15, it still wasn't staking. I'm not in front of it now so can't troubleshoot, but I was wondering if it was just me having that problem. My computer does need to be replaced, so that may be my issue
Hi Dyna, thank you for sharing this in the BT thread. I was wondering if you could please share the link the the DNotes Telegram group. Thanks in advance Certainly. Here it is: https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuA |
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