COINSAFE™ - An exchange (and trade) service.
Coinsafe™ began formally organizing on January 1st, 2018. We are a small, self-funded -but determined- startup.
Thus far,
Coinsafe™ has;
- Incorporated in the US, CA, MX, and a handful of other countries
- Submitted Trademark applications in over ~125 countries (between 3 International Classes and a dozen G&Ss)
- Written its global compliance policy (first draft), and has created training supporting materials (AML, AT, KYC, etc.)
- Prepared MSB filings for all US states (ready to file)
- Setup banking in the US, CA, MX, and a handful of other countries, namely for cross-border wires and IATs.
- Created technical specifications for the development of an Electron wallet app (Linux, Mac, and Windows desktops [proxy or full node]), and React for iOS/Android/Windows Phone apps (proxy)
- Decided upon using MultiChain as our primary ledger, upon which customer wallets will be created, and fiat equivalents (USD, CAD, MXN, etc.) will be issued as digital assets (e.g.- dUSD, dCAD, dMXN, etc.)
The
Coinsafe™ blockchain will be federated (permission-based). It will have its own native coin. Mining will only be allowed by
official and or
licensed Coinsafe liquidity providers. Otherwise anyone can create wallets (accounts), view the blockchain, or service wallets (accounts/customers) with their own independent service(s).
Coinsafe™ does not plan to support credit cards... only direct banking transfers, deposits and withdrawals. In the US, this means ACH/wire transfers, in CA this means INTERAC/wire transfers, in MX this means SPEI/wire transfers, and so forth and so on.
Every
Coinsafe™ blockchain transaction (send/receive) will cost $1 USD regardless of amount or jurisdiction.
Every CATM (
Coinsafe™ ATM) transaction (deposit or withdrawal) will cost $1 USD regardless of amount of jurisdiction.
Notwithstanding the above mentioned
Coinsafe™ blockchain transaction fee or CATM fee, fiat deposit and withdrawal (
from/to bank accounts) fees of digital assets are based on (1.)
JURISDICTION, e.g.-
-LOCAL (same city/area) - up to $1 USD
-INSTATE (same state) - up to $2 USD
-INTERSTATE (same country) - up to $5 USD
-INTERNATIONAL (cross-border) - up to $10 USD
The above fees only apply to
Coinsafe™ digital assets... not third party blockchains/native coins like Bitcoin, Ethereum, Litecoin, etc.
More information regarding the
Coinsafe™ fee structure will be published in the forthcoming weeks as we better understand our banking connections (and associated fees).
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We are currently looking for a few members to join our team. In particular, we seek 1 to 3 persons whom are proficient with Electron and React. Also, 1 or 2 persons with advanced knowledge of the Multichain source code (i.e.- Bitcoin source code). We are also seeking additional staff. Competitive compensation for contractors/employees, and vesting opportunities (stock options/stocks) for those whom are willing -and able- to help our core group carry the load and advance accordingly. If you, or anyone you know are interested, please send a PM to start the conversation.
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Likewise, we are also looking for persons to participate in our beta testing program between now and our launch date. Initially, we need to test deposits and withdrawals between various banks and jurisdictions. We will provide beta testers with small amount of monies transferred into their accounts, to which they will need to transfer back into
Coinsafe™ accounts. In particular, users whom are sending money cross-border are of particular interest. If you currently send money from one country to another, participation will allow you to send it for free! However, your recipient(s) will also need to participant in our beta testing program. In a few months, we will need persons to test our desktop and mobile apps. Anyone interest should send a PM.
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Additionally,
Coinsafe™ is looking for business relationships in jurisdictions around the world. For countries and or states, we are looking for official
Coinsafe™ partners (officers/directors/shareholders of the same company), and for cities and neighborhoods, we are looking for licensed
Coinsafe™ partners (your company, our brand/service). In both cases, territories will be exclusive. Again, PM to start the conversation.
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At the moment, our websites (
coinsafe.one, coinsafe.exchange, and coinsafe.trade) are not up and running. Also, we are NOT doing an ICO, and, the Coinsafe™ native coin will only be mined by official and licensed Coinsafe™ participants (
mining will be entirely round-robin, distributed equally/evenly amongst official/licensed participants).
Constructive criticism is welcome, and if you have any questions about what Coinsafe™ is or intends to become, or the services it will offer -do tell! In the coming days/weeks we will refine this post -and those that follow, to better construct and convey the purpose of
Coinsafe™ and its daily/weekly/monthly progress.
We look forward to the conversation!