My two cent’s on PAYFAIR escrow service and ETHERDELTA p2p decentralized exchange relating to transparency, convenience and real-life use case for the forthcoming Multifire Token Fund ICO relating to creating a tokenized transparent multi-strategy hedge fund and adhering to KYC/AML ordinances. Only accredited investors will be accepted at this point of time.
Advisory firm
https://www.adviserinfo.sec.gov/IAPD/IAPDFirmSummary.aspx?ORG_PK=286399Brochures of the fund, advisory firm and its owners
https://www.adviserinfo.sec.gov/IAPD/Part2Brochures.aspx?ORG_PK=286399We have also proof of concept and proof of accept, but they are available only for accredited investors.
https://www.investor.gov/additional-resources/general-resources/glossary/rule-506-regulation-dThe founder of Multifire Token Fund wants to show an example of how we are doing things right and and staying away from corruption by keeping it at arm's length distance.
Even accepting funds from a third party before a KYC/AML process can be deemed as money laundering. We will ask investors BEFOREHAND to prove that the funds that they are investing are WHITE money.
We are only interested in those assets that the investor wants to invest in our ICO. If the investor has other assets that are illegal, we can't control that.
Some people could think that this is way too strict, but we want the highest quality assurance without being too perfectionists.
Some day that can be done once a single immutable currency smart contract blockchain is fully adopted.
The best way to invest in our ICO is a domestic or overseas bank to U.S. bank transfer or use the following methods:
1) Have a bank account
2) Transfer US dollars from the bank account to Coinbase/Bitstamp/Kraken
3) Make a USD-ETH transfer
4) Create an Ethereum wallet and transfer your ETH there
5) Transfer your ETH to our ETH wallet
or
1) Have a bank account
2) Use PayFair.io
3) Transfer funds to our ETH wallet
PayFair.io is pretty cool. It's transparent, convenient and saves time (no third-parties or bureaucracy) and makes it easier to prove the legality of the funds according to their whitepaper and their already published demo of their service is working on ropsten.com according to Payfair.io own statement.
If PayFair does all that it promises in its whitepaper (
https://payfair.io/whitepapers/full_PF.pdf) (Page 2/15) we are probably suggesting investors to use it as a part of our soon forthcoming ICO in accordance with Regulation D rule 506.
If someone wants to convert token ZYX or other accepted cryptocurrencies to ETH we recommend using EtherDelta. Even though their ICO has a bad reputation I have read their whitepaper and made my own conclusions of their competitive edge in the fight against black money. (Transparency )
I have invested in EtherDelta's ICO because I am not a U.S green card holder or a U.S. resident.
DISCLAIMER: I own and manage a considerable amount of PayFair tokens and a small amount of EtherDelta tokens, but this is NOT an advice to buy or sell either of them. I have just presented my view on PayFair and EtherDelta.
LINKS:
https://payfair.io/bloghttps://twitter.com/payfairiohttps://crowdsale.etherdelta.com/assets/whitepaper/etherdeltaenglish.pdf