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Author Topic: [ANN] smartillions patent coins - ICO live - only 500 public accounts available  (Read 406 times)
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December 06, 2017, 12:07:31 PM
 #1

By Sonia Becker
soniabecker@smartillions.ch
www.smartillions.ch

This moderated forum is open to anyone who wants to contribute constructive ideas and topics regarding patent coins.

An unmoderated forum is available here:
https://bitcointalk.org/index.php?topic=2399475



smartillions patent coins - ICO live
smartillions is opening 500 public accounts and 1,000 accounts for patent attorneys
www.smartillions.ch


PATENT ICOs FOR INVENTORS

A Patent ICO is easier than you may think and provides better legal protection than a traditional ICO

Law firms around the world are facing the same daily dilemma: How to create a legal ICO for clients who want to issue coins and sell them to anyone online? Even one of the most prestigious ICO law firms has recently been reprimanded by regulators because their clients’ coin offerings violated securities laws, despite all the elaborate legal language.


Meet the new ICO:
THE INITIAL PATENT COIN OFFERING


Yes, we dare to call it an Initial Coin Offering and not a “Token Creation Event” because the language doesn’t matter as long as the offer is in compliance with the intent of securities laws.

Before we look at what a Patent Coin is, we want to examine what it is not:

It is not an investment in a company.
It is not intended to fund the development of a product or service.
It is not sold in exchange for a return on an investment.

We differentiate between three types of patent coins:
A coin with the underlying right to use a patented invention is considered a UTILITY COIN.
A coin with the underlying right to a patent itself is an OWNERSHIP COIN.
A coin with the underlying right to many Ownership Coins is a PORTFOLIO COIN.

By definition, a Utility Coin is used to obtain a service. Therefore, it provides the broadest legal defense to an ICO entrepreneur because it does not imply ownership rights nor a return on an investment. It is therefore the perfect choice for a public coin offering.

Next, the Ownership Coin. While it may not be a security if it is properly structured, we feel it is advisable to restrict its use to ICOs for qualified (accredited) investors or managing members, including board members who may attend board meetings by phone or participate in any type of vote, including blockchain voting.

Finally, the Portfolio Coin. This is a coin that closely resembles a fund and its use in an ICO should be restricted to qualified investors, or managing members and board members.

While the Utility Coin may seem most desirable to ICO entrepreneurs, it can also be complemented with an Ownership Coin and a Portfolio Coin that is managed by a third party and provides buyers with ownership rights in many patents, thereby making them more attractive to buy.

The reason why making an investor a managing (board) member is desirable for an entrepreneur is not only due to the fact that they can allow anyone to contribute but also to limit their liability in case of future losses — if investors actually have an opportunity to vote on all important decisions, including budget decisions. It also builds confidence if investors are offered to participate in the allocation of THEIR funds.

Going back to the Utility Coin, this will most likely be the first coin of choice for patent holders who want to license their invention to a large number of companies and consumers. It offers an entrepreneur the greatest freedom on how to spend the collected contributions.

Of course, the question that still needs to be answered is: Does an entrepreneur have a viable patent idea and can it be developed into claims that can be substantiated? The answer can often be found in a white paper or in a simple description of the idea.

While most ICOs give away all rights to the public in the form of a white paper, entrepreneurs may want to consider to initially keep the best ideas to themselves and try to develop a method that can be patented. Both, rights in patents AND patent applications are suitable for Patent Coins so there is no need to wait until a patent is actually awarded, provided that this fact is disclosed to coin buyers.


smartillions patent coins - ICO live
smartillions is opening 500 public accounts and 1,000 accounts for patent attorneys
www.smartillions.ch



Please submit your questions or comments and I will respond here.

You can also email me directly.

Thank you,

Sonia Becker

soniabecker@smartillions.ch

www.smartillions.ch
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name; name-sake; For GODS sake= it's my name!


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December 06, 2017, 12:16:32 PM
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this idea has been tried before, i dont see how this is any different then the same things on this mater were tried and all failed, distortion of the word patent is not a reason to launch a crypto currency

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December 06, 2017, 12:35:08 PM
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this idea has been tried before, i dont see how this is any different then the same things on this mater were tried and all failed, distortion of the word patent is not a reason to launch a crypto currency


Here is an article I wrote about another patent ICO that is live right now (LOCIcoin):

Why LOCIcoin's ICO is a revolution for the patent industry

https://www.smartillions.ch/locicoin.html

Which other patent coin has been tried and failed? Obviously, there are a lot of coins that failed which doesn't mean cryptocurrency is a bad idea for an entire industry but I'd like to review all patent coins that have failed, have been successful and that are in the works. All patent coins and concepts are welcome in this forum (please be specific and include a link).

Thanks,

Sonia
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December 06, 2017, 01:10:16 PM
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Is it the state that issues patents? Is not the state protecting the interests of rightholders? You can not be a state patent system?

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December 06, 2017, 01:27:01 PM
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Is it the state that issues patents? Is not the state protecting the interests of rightholders? You can not be a state patent system?

A coin can represent a patent license (for someone who wants to use a patent) or the underlying patent itself (for someone who wants to own a fractional patent). Only a patent holder or applicant can assign this right to a coin, not a patent office. The patent itself only prevents third parties from using an awarded patent. Ownership and even enforcement is the responsibility of the patent holder or an organisation like smartillions that assists patent holders.

Here is an FAQ that answers the most common questions about patent coins:
https://www.smartillions.ch/patentcoins.html

Thanks,

Sonia
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Metta - The world's first uberization platform


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December 07, 2017, 05:12:17 PM
 #6

What should I do if I want to get a patent license for an invention patent? thanks

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December 07, 2017, 07:39:24 PM
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What should I do if I want to get a patent license for an invention patent? thanks


1. BUYING PATENT COINS:

If you want to buy patent coins, you can register here:
https://www.smartillions.ch/patentcoins.html



2. INVESTING IN PATENTS:

If you want to invest in patents, you can download the investor brochure on this page:
https://www.smartillions.ch/patentcoins.html

If you have further questions, you can email investors@smartillions.ch.



3. LAUNCHING A PATENT COIN:

If you want to launch a patent coin for your own invention, you can contact inventors@smartillions.ch to discuss a patent ICO.



4. FILING FOR A PATENT

If you are looking for a patent attorney to assist you with a patent application, you can use smartillions' referral service:

https://www.smartillions.ch



I hope this answers the question.

Thanks,

Sonia
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