CoinOffering is the very first corporation with its shares on the Ethereum blockchain

Cryptoshares are a reality now.

CoinOffering Ltd. (https://coinoffering.com) is the first company in the world, which shares are represented by tokens issued in the smart contract deployed on the ‪‎Ethereum‬ blockchain. It is written in the Bylaws of the corporation registered by the state authorities of the Republic of the Marshall Islands.

According to the Bylaws, voting of the shareholders should be made in the smart contract, and dividends to be paid to shareholders Ethereum accounts.

The code of the ‪Smartcontract‬ as well as Bylaws of the company are open sourced and published on GitHub. Deployed code can be verified on Etherscan.

This was made possible by the work of an international team of experienced lawyers and programmers. CEO and CTO of CoinOffering Ivan Starinin and Alexander Salnikov previously were key players in the team which made one of the fastest cryptocurrency exchange ‘Margin Call’

CoinOffering uses an advanced system for internationally recognizable digital signatures. Ethereum accounts owners can be verified via Cryptonomica.net system ( https://github.com/Cryptonomica/Ethereum-IdentityProof ). In the by-laws, it is stated that all the possible corporate disputes should be resolved in online arbitration court of the International Arbitration and Cryptography Centre in London U.K. using [ex aequo et bono(https://en.wikipedia.org/wiki/Ex_aequo_et_bono) principle. Thus despite tax free status from the point of corporate law company “lives” in U.K.

In contrast to "the Dao" and similar projects, CoinOffering is a legal entity that can legally conclude deals and own property and has advanced legal mechanisms to resolve conflicts and disputes.

CoinOffering is creating the first market space for crypto shares of blockchain-based companies, and for other legal blockchain secured assets, and offers for clients services for creating a blockchain-based corporation by the same model it uses itself, but customized for special business needs of the customer. It’s like IPO but better.

CoinOffering is planning to make ICO using crypto shares on its own web-platform in September 2016.