We are currently in fundraising mode. To date all of our efforts have been entirely bootstrapped, and we are now at a place where we need to greatly increase our horsepower. We need to boost development of core infrastructure, and we can't attract the best developers without offering a good salary. We need to get out and start convincing developers to join our cause, and that requires marketing dollars. Not to mention build a multilingual government relations army to preach the good word to regulators and lawmakers across all 295+ countries.
We are facing some unique challenges due to us being a non-profit, charitable organization. Namely, since we are not incorporated we also don't issue shares. And so we can't sell shares or any part of our organization to our seed investors, like normal private companies can. This is problematic, because we can't offer a potential increased valuation to investors. And investors like increased valuation.
So what can we offer potential backers? Well, we still bring a lot to the table.
1) A chance to be affiliated with a truly groundbreaking initiative. Affiliating with our organization aiming to eradicate poverty and provide UBI for all can provide incredible goodwill for your brand.
2) A chance to participate in upcoming ICO launches for future coins. While we are not an incubator per se, we will have some small influence on all new coins seeking to become a participating coin. We will talk to all of them during their certification. We cannot and will not make it a hard requirement, but we will certainly strongly recommend to develpers of all new coins that they include our backers in their whitelisting process for their initial seed round of their initial coin offerings. Also, for any for coins or tokens that we develop our selves it is a given that $TAX holders are invited to participate in seed rounds.
3) An option to profit from the increased value of our fundraising coin $TAX. We will sell this coin at $1 during the initial fundraising rounds, but will then let the price float. We have included three price-supporting mechanisms to help the price increase with time (reflection, liquidity provisioning, and marketing)
4) A seat at the table. We will require that members of our governance council show their comittment to the project by buying and holding $TAX. Furthermore, when we go to decentralize our governance into a DAO, we will also leverage the fundraising token. We will do so by either by making $TAX itself the utility coin for the DAO, or by issuing a new utility token to holders of $TAX token.
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