The rise of the cryptocurrencies in the past few years led to increased freedom and new ways to trade, generate and
hold equity, and raise funds for business. The last one in its ICO form is quickly becoming a popular choice for seed
fundraising in hi-tech start-ups. Cryptocurrencies however extensively suffer from some inefficiencies when it comes
to raising funding for companies whose product has a more physical nature such as robotics or other types of
manufacturing. To make it worse, launching an ICO campaign has already become a very expensive process for most
early-stage companies. The problems come from the fact that cryptocurrencies mostly rely on ‘proof-of-work’, while
for an early-stage company ‘proof-of-ownership’ would be a much more suitable choice since the nature of the
offering is almost exclusively in share equity. Hence, only a few non-IT/non-Fintech companies have managed to adapt
the cryptocurrency model and turn it into a successful ICO, while the traditional Angel/VC route is still more prevalent
for such companies. In addition, other problems (mainly stemming from the complexity of how modern
cryptocurrencies work) limit many businesses from actively using them for fundraising.
This white paper outlines a simple new model, which is not based on traditional blockchain principles, but retains the
benefits of cryptocurrencies. At the same time, the model also exhibits features of traditional money, and
incorporating new unique benefits.