CORL presents Capital-as-a-service; First equity grade tokens.
Corl, a Montreal based blockchain startup is not just issuing another coin offering but one with regulatory compliance embedded, the next frontier in crowd funding and capital creation. This presents the Crypto-entrepreneurial space with what utility tokens are missing, a stake and dividend. The CORL token has the equivalence of a class B share.
CORL Dual class share structure from corl.io
Most tokens today are utility tokens and proud to be that too. They distance themselves from any talk about profit speculation for the sake of not falling a foul of the SEC whose commissioners` growl has been slowly turning into a bark, essentially telling lawyers in the crypto space to do their jobs and be more rigorous when advising their clients. Technologists and hobbyists may get involved in the token economy ‘mainly’ for the technology, ‘mainly’ being loosely defined but I am yet to meet one investor who buys a token and remains indifferent about its potential future price even if there was such a thing as a charity token.
CORL dividend structure from corl.io
Corl is a security token implemented on the Ethereum blockchain but also built to incorporate all regulatory requirements using Polymath protocol`s KYC/AML compliance platform so crypto investors don’t have to ran from their own shadows anymore. You can sleep easy, no more nightmares of subpoenas. This bold innovation may be what demonstrates to the regulators that the blockchain scene is taking its responsibility seriously and hopefully cause them to sit on their hands a little longer.
Crowdfunding with an edge; most crypto investors are venture capitalists at heart because the very nature of this space necessitates it. One must have a decent risk appetite to invest in an industry where a group of technologists split equations, coalesce an abstract and write a whitepaper. We peruse through it, look at their resumes, calculate the metrics to determine the risk level or simply to make ourselves feel good that we have done due diligence and invest in their project with no promise of a dividend or coin price appreciation. We punt on it and hope that they spend all the money on developing the project or that the project has a trustworthy escrow arrangement and most of the time they do.
Yet sometimes we still wonder why we bought the coins because some teams have built great products and the companies we funded have a revenue stream, but we can only rely on the coin price for profitability especially when the product users don’t even have to hold a coin for long to access the product. Case in point being Ripple. XRP holders don’t get a profit share from ripple. Am I the only one who thinks there is something wrong with this setup? If you invest in a project and it does well, you should be rewarded, plain and simple. But many have traded that sense of fairness for the sake of avoiding the regulators wrath.
Corl and polymath are taking us into unchartered territory and I believe there will be a migration to securities token geared platforms or the development of a regulatory layer in the existing ICO platforms like Ethereum and Neo but why wait to play catchup when Corl is here to give us the early advantage, to make us pioneers of this next phase of mainstream blockchain adaptation that will almost certainly rewrite history in the financial services sector.
This project also has a formidable core team of all stars from HSBC and KPMG among other reputable companies and the advisory team is just as distinguished with business and compliance experience under their belt.
I am not a financial or legal adviser so please consult your relevant advisers and authorities. I may be rewarded with Corl tokens for this post. I encourage you to research this project for yourself at https://corl.io/.
*CORL whitepaper was the original source of some of the images and facts in this post. https://corl.io/whitepaper
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