[ANN] Crypto-investors Call for Change!

[Laco Vencel]

SMART CITY ENTERPRISE

...from Infra-red to Ultra-violet

ABOUT THE PROJECT | WHITEPAPER | CITY TOKEN | SMART CONTRACT | TELEGRAM

SMART CITY ENTERPRISE

...from Infra-red to Ultra-violet

ABOUT THE PROJECT | WHITEPAPER | CITY TOKEN | SMART CONTRACT | TELEGRAM

Hi! I'm Laco Vencel, I'm the owner and CEO of the company Lanast Co.,
I am the Smart City Enterprise founder, investor and head since May, 2014.

PROJECT

The Smart City Enterprise Project is an Enterprise Sales, Integration & Consultancy Business Network,
running based on the Unique Expression of Smart Technologies. It serves by introducing an Innovative
Approach to a cities infrastructure development and promotes Blockchain Transaction Principles between
stakeholders of Industrial Project's smart Tendering, Contracting and Delivery.

TOKEN

Token's value is initially in profit share. 49% of net profit will be paid in form of Dividend.
12 months after Crowd-sale end token will be distributed on Exchange.
Based of regulation direction token will be either formalised by regulated digital certification,
or, if a regulation does not accept crypto-market principles,
token will be formalised by physical shares certification by standard market (EU law).
By the certification, token will be converted to an Equity.
The voting rights will be applied to the company development strategical and tactical decisions.
After establishment of sales operations, CITY token will be used as Payment method
between contracting client-client solutions and as payment method for buying the Smart City Enterprise services.

EtherScan | GitHub

CONTRACT

CITY token sale, internally known as "Sick Mind Invented Hybrid Crowd-sale" has two phases:
The first phase is the “Auction”, the second phase is the “Fixed Price Sale”.
The Auction phase is a Second-Price Dutch Auction with specific conditions described on the web-page.
The Fixed Price Sale phase is a standard capped token-sale.

EtherScan | GitHub | Web

        

  CITY TOKEN

       .ossssss:                                   `+sssss`      
        +ssssss+` `.://++++++//:.`  .osssss+      
             /sssssssssssssssssssssssss+ssssso`        
              -sssssssssssssssssssssssssssss+`        
              .+sssssssss+:--. .--:/ossssssss+.        
          `/ssssssssssso`             .sssssssssss/`      
         .ossssss+sssssss-          :sssss+:ossssso.    
        `ossssso. .ossssss:      `/sssss/  `/ssssss.    
        ossssso`   `+ssssss.   .osssss:     /ssssss`  
       :ssssss`        sssssso:ssssso.         +o+/:-`  
  osssss+         -sssssssssss+`                  
ssssss:            .ossssssss/                    
osssss/              +ssssss-                    
/ssssso               :ssssss                      
.ssssss-              :ssssss                      
  :ssssss-             :ssssss          `          
      /ssssss/`          :ssssss        `/s+:`        
        :sssssso:.        :ssssss      ./ssssss+`      
          .+ssssssso/-.`:ssssss`.-/osssssss+.      
            .+ssssssssssssssssssssssssssss+-        
              `:+ssssssssssssssssssssss+:`          
                 `.:+osssssssssssso+:.`              
                          `/ssssss.`                    
             :ssssss        

ABOUT THE PROJECT | WHITEPAPER | CITY TOKEN | SMART CONTRACT | TELEGRAM

by www.SmartCityCoin.io

[limtjoehua]

there is a lot of information that you have not provided here.
you have no roadmap, team, total supply, pre ico and ico schedule, soft cap and hard cap target.

people will not be interested, if the information you provide is incomplete or detailed. please update.

[geronimo77]

Your Crowdsale is a token, so how do you identify an investor who will be your shareholder on a legal paper? What is the conversion rate between a token and a physical stock? And as I read it, 12 months after the Crowdsale end, you list the tokens on the exchange, right?

[Laco Vencel]

there is a lot of information that you have not provided here.
you have no roadmap, team, total supply, pre ico and ico schedule, soft cap and hard cap target.

people will not be interested, if the information you provide is incomplete or detailed. please update.

This is a quick summary only.
All information that you mentioned is published on web-site, even more detailed as usual projects do.
Visit https://www.smartcitycoin.io

[Laco Vencel]

Your Crowdsale is a token, so how do you identify an investor who will be your shareholder on a legal paper? What is the conversion rate between a token and a physical stock? And as I read it, 12 months after the Crowdsale end, you list the tokens on the exchange, right?

Q1: Identification is not a problem. We use KYC service to identify and verify the client and for the conversion must be signed legal documents anyway.
Q2: Conversion rate - 100% of tokens will do 49% of the company shares.
Q2: Yes, the Exchange process is an open point and we are searching legal way how to proceed. It is a pioneering, so each step is new and often we stack on regulation issues and starting again and again. But there must be the way to proceed and we will find it.

I am pretty sure, that wild-west ICO funding practices gone and all new projects will have to follow Equity model to get funding. It is another step to stabilise and regulate this market. Otherwise it will not survive. People are loosing the trust to ICO due to fraud, that's bad, because Idea and principles of ICO are unique and could work. But need warranties.