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Author Topic: SingularDTV Regulation proof and future regulations compliant!  (Read 170 times)
aoiaao
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November 13, 2017, 10:28:05 PM
 #1

Current regulations compliant and in the future becsuse of in partnership with Blockhaus.

Blockhaus will be the world’s first capitalized, swiss-regulated institutional provider of smart contract tokenized ecosystems. Blockhaus combines the strength of the compliant, regulated centralized world with the programmable power of the Blockchain into a decentralized investment bank platform that creates blockchain property through Token Generating Events (TGE).

https://blockhaus.io
In partnership with SingularDTV
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November 13, 2017, 10:35:33 PM
 #2

Sounds interesting! I really like SingularDTV and think it is the future of payments in the film industry.

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November 13, 2017, 10:40:48 PM
 #3

When regulations hit its good to be already all current regulations compliant. 99% of coins/tokens will be taken by surprise by the upcoming regulation flood. But not singulardtv!

Sounds interesting! I really like SingularDTV and think it is the future of payments in the film industry.
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November 14, 2017, 09:52:47 AM
 #4

This is it, that blockchain starts to enter into everyday life.. => new fiat coming to SingularDTV platform => Dividends to SNGLS -holders

News more:
https://twitter.com/SingularDTV/status/930345197686480896
SingularDTV @SingularDTV
"#Ethereum #Blockchain starts to enter everyday life"
..With @SingularDTV's new app #Tokit artists can program their intellectual property rights, revenues, and royalties into #smartcontracts in the form of a token..
#Tokenize #Korea

Via @zdnetkorea
http://v.media.daum.net/v/20171108172401161
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November 15, 2017, 01:21:46 AM
 #5

SingularDTV in the parth of bringing everyday people in the masses to the cryptoworld and their fiat money to tokit.io token projects and also next year coming ethervision platform and other modules!

This is it, that blockchain starts to enter into everyday life.. => new fiat coming to SingularDTV platform => Dividends to SNGLS -holders

News more:
https://twitter.com/SingularDTV/status/930345197686480896
SingularDTV @SingularDTV
"#Ethereum #Blockchain starts to enter everyday life"
..With @SingularDTV's new app #Tokit artists can program their intellectual property rights, revenues, and royalties into #smartcontracts in the form of a token..
#Tokenize #Korea

Via @zdnetkorea
http://v.media.daum.net/v/20171108172401161

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November 15, 2017, 06:14:12 PM
 #6

Latest:
                                                                                                                                                                                                                                                                                                                                                                                                                                                               SingularX is Here!
The Decentralized Exchange for Intellectual Property

By Zach LeBeau, CEO of SingularDTV

SingularX (www.singularx.com) is SingularDTV’s peer-to-peer trading platform for intellectual property created in Tokit.

Tokit, our project creation and rights management application, launched yesterday on November 6, 2017. With Tokit, we generated the SNGX token which powers SingularX’s economic infrastructure.

The revolutionary thing about SingularX — aside from empowering artists to be their own economies — is that all transaction fees generated by the exchange are embedded in the SNGX token. This means that anyone holding SNGX can withdraw the revenue pushed into it, or store it there. SingularX is an important part of the SingularDTV entertainment economy and we look forward to generating millions of dollars of value for SNGLS token holders.

We’re going to do something that isn’t typically done in today’s cryptosphere — we’re going to prove the SingularX tokenized ecosystem is successful and prosperous before we release SNGX tokens to the public. This is something that doesn’t happen today… everyone releases a token based on an idea or a whitepaper and then goes out and attempts to prove it. We’re doing the opposite.

Before I go any further, I’d like to thank Zack Coburn, the creator of EtherDelta. Zack is a true visionary in the cryptosphere. EtherDelta has been in operation for more than a year now and until recently was the only decentralized exchange in existence. EtherDelta served as the inspiration for SingularX. In fact, Zack consulted on the construction of SingularX throughout the summer of 2017. Initially, it was my personal hope that SingularDTV could have acquired EtherDelta — tokenized, optimized and rebranded it — but it didn’t work out that way… thus SingularX was born.

SingularX has many similarities to EtherDelta. Why reinvent the wheel? EtherDelta has been heralded by some as the most successful decentralized project on Ethereum — up until Tokit and SingularX of course, ;-). But seriously, SingularDTV needed an exchange in which all intellectual property generated via Tokit could be listed and traded. It’s a crucial component to artists and creators becoming their own economies. After all, we can’t expect centralized exchanges to list all the tokens generated via Tokit, especially the way things are going down behind-the-scenes in the USA now. While SingularX’s architecture is similar to EtherDelta’s, there are some significant differences between the two. Let’s explore those differences…

1. A newly designed front-end with full customizable UI, each trader can build their own layout based on their preferences.

2. New modular design to make it easy to add new features in the future for new types of trades (encourage people to provide suggestions).

3. New back end infrastructure to improve reliability and responsiveness.

4. Security improvements.

5. Integrated support channels for users with the S-DTV support team.

6. Removed reliance on etherscan performance (coming soon).

7. External API access (in BETA).

8. The biggest difference is that SingularX (SNGX) is Tokenized!

The SNGX token was generated by Tokit and utilizes its revolutionary smart contract technology. All transaction fees generated by SingularX are pushed into the SNGX token for holders to store or withdraw. The ownership breakdown of SNGX tokens is 45% to SingularDTV, 45% to Centrality and 10% to Digital MOB.

All revenue pushed into the SNGX tokens owned by SingularDTV, will be further pushed into SNGLS — the token that powers the SingularDTV tokenized economy. We look forward to the benefit this brings SNGLS token holders. If SingularX can reach the activity level or beyond of EtherDelta, this would mean millions of dollars a year SNGLS holders can benefit from.

We look forward to building SingularX into a trading library of international intellectual property as well as a profitable platform that enriches the SingularDTV economy.

Zach LeBeau, CEO of SingularDTV

(Original article)
https://medium.com/singulardtv/singularx-is-here-d0aaf90f6e1
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
aoiaao
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November 15, 2017, 07:55:35 PM
 #7




nata777
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November 15, 2017, 08:12:53 PM
 #8

Maybe on the background of these news SingularDTV, grow up, because I keep this coin since spring and I want to sell it

aoiaao
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November 16, 2017, 01:10:07 PM
 #9

Dividends example:
If you are holding 100,000 SNGLS (0.01%) and SingularDTVs revenue was $100M
you would get $10,000 USD which is paid in ETH to holder.

100,000 SNGLS costs around in current price $13,000 which is around 2 BTC and potential revenue could be much much more. Like from $100M revenue share it is almost covered the SNGLS token costs + the tokens will rise in value!
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November 16, 2017, 02:29:28 PM
 #10

Gotta love SingularDTV, happy that I invested some money in it. Not 10.000 USD, but still I got me a good amount of tokens for a bargain price. SingularDTV will be huge in 2018! This news with Blockchaus.io is also great. Because as you mentioned, the regulations will come, and they will hit hard, if we dont take precautions and be ready for it.

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November 16, 2017, 03:37:05 PM
 #11

Generally, campaigns are held in the next branch. Swiss banks are no longer those that were before even before Switzerland bent under US law.

aoiaao
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November 26, 2017, 09:00:35 PM
 #12

FROM SLACK:
Tokit.io-generated tokens are not securities! So SingularDTV will be opening tokit.io to USA citizens too!

zach.lebeau [9 hours ago]
We've got the full backing from our compliance and legal departments both in Switzerland and the USA that GRMTK and similar tokens generated from TOKIT are not securities.
Therefore, we'll be opening Tokit up to everyone in the USA soon.


Recent:
What it means is that with these legal opinions we feel comfortable and empowered moving forward with our plans. If reputable law firms will stake their careers and reputations on an analysis of our business model that goes a long way with regulators. In Switzerland, legal opinions are formed with more of an open dialogue with regulators and to some extent guidance from them as well. That’s not really the case in the US. There doesn’t seem to be much constructive back and forth between entrepreneurs and regulators unless you hire a lobbying firm and really put yourself out there. If a high powered US law firm can draft an analysis and stand behind it, that’s the standard.  Does that mean SingularDTV is immune from possible action from US regulators? No. But because we have a legal analysis and opinion from a reputable US law firm we have a definitive strategy re: how to engage with them if action occurred. It also means it will be more costly for them to move against us and even more costly to prosecute. At that point it becomes a game of paper pushing and motions that takes years to play out and loads of billable hours. Compounded with the fact our CFO and his department have built a very elaborate international contractual and financial infrastructure means it would cost a fortune to investigate and dissect our corporate infrastructure. It requires knowledge that regulators do not possess. They would have to be gunning for us as if we were Al Capone to warrant that kind of attention. That’s some Silk Road type of attention. The best thing we have going for us though is that we are good actors, and there’s a long list of bad actors out there that would be ahead of us on any list. 


But the hammer’s about to drop in the US. Right now, quietly, or not so quietly for some, as @Cap can attest to, US regulators are sweeping through the cryptosphere that exists under US control and domain. All centralized exchanges operating in the US are feeling it.  And things could be about to change in the US-cryptosphere as pressure mounts. (edited)

As far as specifics as to why GRMTK is not considered securities in Switzerland and the US from our lawyers' point of view, it basically revolves around arguments regarding intellectual property, utility and participatory feedback. To arrive at this analysis has taken a couple of years, several law firms and a lot of money. With regard to the specifics, I’ll leave that to Arie to tell you, but he won't be able to tell you all the details. Why? Because it is part of our proprietary shield that protects us. Any entity that moves against us will be in the dark as to our strongest defenses and arguments. They will be deluged with thousands of pages from hundreds of documents in order to put all the pieces together. The infrastructure we have built is a defensible fortress, and to let out its secrets to those who could try to dismantle our business model is not something we want to do. There is too much at stake. But I'm sure @arie can give you some good insights as to the basics of what he's set our foundation on.

Even if we didn't have strong legal opinions and regulators came out against GRMTK or SNGLS, we would fight it. We believe in what we are doing, so much so we would fight to set new precedent and case law. Slavery was legal at one time in the US, women didn’t have the right to vote at one time in the US, and we believe the strangle hold gatekeepers and intermediaries have on individuals - artists and creators especially - shouldn't be allowed either. It would be wrong for regulators to see GRMTK as securities when it helps to free him from the oppression of labels and distribution companies that could try to control his image, brand, sound and money as if it were their own property. As Prince wrote across his face after Warner Brothers tried to control his expression and even telling him he couldn't use his name, "Artists Aren't Slaves". Moving forward with the decentralization movement will define many new rights for human beings they didn't know they could have, from owning their own self-sovereign digital identity, to being in control of their intellectual property. Exciting times.
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