The relationship between foundation and virtual currency

1.

Ethereum Community Foundation (ECF) is a non-profit organization. Its original idea was to give community projects a bonus to support incubation of early projects and research. Then in 2018, omisego, Golem, status, maker, Web3 (Polkadot), cosmos and ef (Ethereum Fund) were set up in Tokyo as consultants

ECF 2.0 is the upgrade of ECF, which has two core goals:

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coordinate community relations through various harmonious ways, such as bonus, strategic and business support, and community activities

in order to become an open capital network, ECF emphasizes its initial vision, which is to form a network with various funds to realize the support and contribution to the community

In addition, ECF 2.0 upgrade will not only support non-profit infrastructure projects, ecation programs, instrial community activities, but also support application and tool development, and even commercial projects

2. virtual currency does not belong to the fund. It is a kind of investment at the same level and has a parallel relationship
real estate, stocks, funds and virtual currency are all investment procts.

3. 1. Mining doesn't require you to press e to watch animation to dig slowly. It's too slow. Take the ck's beak hoe to attack the ore directly. If you use double holding and attack speed dragon roar, you will become a rotating excavator
2. After a forward attack, if you continuously tap the left button, you will trigger a continuous infinite jump chop. Don't think it's a hidden move. In fact, it's just a light hit to damage the pit father bug of B club;

4. Scam. Now there are many similar software apps on the Internet, such as novel collection fragment wins mobile phone, walking collection fragment wins mobile phone, etc. In fact, the first nine pieces don't take much effort, but the last one will. Take your time. I don't know when it will come true.

5. Some software is too small, not included in the network, you can let your friends share with you

6. MAS report of Singapore blockchain foundation
as the largest financial center in Asia, Singapore's highly liberal policy on blockchain and virtual currency seems to be the most popular location for blockchain ICO projects in the world
What are the unique advantages of Singapore foundation in blockchain&# 8204; Many people like to register companies in Singapore, so what kind of companies do they sometimes register to do blockchain. The first company registered in Singapore is public company limited by guarantee, CLG. Unlike ordinary companies, they are non-profit and have no equity division. It belongs to the public guarantee type. We generally call it a non-profit foundation. Most people's names end with fund or foundation, which means fund and foundation. The ending will be like this: Foundation Ltd. / Fund Ltd.
here, I basically understand why I register overseas companies instead of domestic companies. Why do we choose Singapore to register in other places? Like Maltese, the United States, etc. As a matter of fact, Singapore has its unique advantages:
first, it is close to China and it is easy to operate anything
Second, the government supports the development of blockchain. Many well-known blockchain companies are registered here, including Laite coin. Quantum chains and so on
thirdly, the market is mature and the later service is perfect. Fourth, the price is reasonable and cost-effective
Singapore blockchain foundation registration and ICO compliance
Singapore companies or non-profit organizations are registered and managed by acra, and the non-profit foundation category is public

Company Limited by guarantee

the process is as follows:
1: the name of the blockchain foundation. Note that this is not an ordinary company. The ordinary company takes (PTE LTD) public non-profit foundation as

(Foundation Ltd)
2: provide at least 3 members, One of them is Singaporean (our company can provide)
3: registered capital of the non-profit organization is SGD 1, no share proportion (who can be authorized as the legal representative later)
4: registered address
5: lawyer and auditor guarantee of the new side
6: Secretary of the new side
7: registered member of the new side
registration time
15-20 working days (if the name is too sensitive, the time will be longer) < br/ >Registering a blockchain foundation is only the first step, and the next most important thing is compliance
the legal opinions needed by the stock exchange are actually a general term, which includes more emphasis on the white paper and token reporting, private

offering compliance, etc.
the white paper is also equivalent to our usual business plan, which needs to be modified by a professional Singapore lawyer after it is written, so that it can comply with the laws and regulations of Singapore
we write white papers for three purposes

First: report to MAS in Singapore, and you will not be afraid of being investigated in the future

Second, convince investors that the company is legal and compliant, and let investors feel at ease

thirdly, it needs to be used in the stock exchange

there are also token filing (non securitisation certification filing), and Singapore lawyers make MAS checks to prevent the monetary authority of Singapore

7. 1: Public image: easy to get public recognition, easy to raise initial funds, good impression and trust on investment publicity, too many projects come out and too few are distracted. With the foundation is also a show of strength

2: non profit organizations: laws and regulations do not allow indivials and companies to participate in the trading platform, but there are no prohibitive provisions on the investment objects of Foundations (non-profit organizations), so foundations can operate to raise funds to manage matters, and most projects have announced the establishment of foundations, In the past, investors may not understand the foundation, but now investors know it better than project owners. Therefore, the purpose of the foundation is obvious, and the actual registration is well documented and there are laws to follow

3: the foundation has no director or legal person - all expenses are spent in the name of the foundation, which can play a supervisory role and can not be traced back to the issuer. The company is established in the name of a group, and it is not someone who is doing this, so it reasonably avoids personal risks, and does not involve the responsible person of the lead

4. Reasonable tax exemption - since public welfare undertakings are only non-profit organizations and are not involved in collection, there is no tax worry, because no one will intervene

so how to register a foundation and what are the conditions? Take Singapore foundation as an example, not everyone can set up a foundation. For example, Singapore not only has clear requirements for the directors and shareholders of the foundation, but also has requirements for the registered address and registered capital of the foundation, The specific requirements are as follows: the process is as follows:

1: the name of the foundation. Note that this is not a company. The company is Foundation Ltd.

2: provide at least 3 members, one of whom is Singaporean.

(1) fill in the public welfare foundation (LTD) registration form

(2) fill in the name of Public Welfare Foundation (LTD): XXX Ltd

according to the relevant regulations of Singapore, the name of Public Welfare Foundation (LTD) must meet the market uniqueness, so it is better to give three public welfare foundation (LTD) names. Generally, the registration starts with the first name, for example, XXX Foundation Ltd. if the conditions are not met, the second name will be selected, and so on. If all of them can't be used, it's suggested to choose a new name

(3) fill in the operating business of Public Welfare Foundation (LTD): according to the relevant regulations of Singapore, each public welfare foundation (LTD) can register at most two operating businesses. Of course, one operating business is also allowed, because the Singapore government has stipulated various types of business. So you can provide the content of your own business, or let the agent help you choose a similar established business to register after confirmation.

8. In terms of organizational nature, a fund refers to an institution or organization that manages and operates funds for a specific purpose and concts independent accounting. This kind of fund organization can be an unincorporated organization (such as special financial fund, Ecation Award Fund in Colleges and universities, insurance fund, etc.), or an institutional legal person organization (such as China's Soong Ching Ling children's foundation, Sun Yefang economics award foundation, Mao Dun Literature Award Foundation, Ford foundation, hobright foundation, etc.), It can also be a corporate body

the beneficiaries of public welfare organizations are not specific indivials and groups, and any indivial or group can accept their funding as long as they meet the requirements of their purpose and business scope. The fund of the foundation comes from the society and serves the society The regulations define the foundation as "a non-profit legal person established in accordance with the regulations for the purpose of engaging in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations" The regulations stipulate that "the articles of association of the foundation must specify the nature of the foundation for public welfare, and shall not stipulate the contents benefiting specific natural persons, legal persons or other organizations", so as to distinguish the foundation from other trust and investment funds, fund management organizations for profit and other non-governmental mutual benefit organizations. Due to the public welfare nature of the foundation, the public offering foundation can raise funds from the public. The foundation's property must be protected and used for public welfare purposes The regulations stipulate that "the property and other income of the foundation shall be protected by law, and no unit or indivial shall privately divide, occupy or misappropriate it."“ The remaining property after the cancellation of the foundation shall be used for public welfare purposes in accordance with the provisions of the articles of association. "

the Red Cross Foundation of China (hereinafter referred to as "Red Cross Foundation of China") is a national public offering Foundation initiated by the Red Cross Society of China and registered by the Ministry of civil affairs. It is a non-profit public welfare organization with independent legal status. The purpose of the Red Cross Foundation of China is to carry forward the spirit of humanity, fraternity and dedication, and its mission is to improve the situation of the most vulnerable groups, pay attention to and protect human life and health, and promote world peace and progress< What are the proceres for setting up a foundation< (1) submit all valid application materials< (2) if the Ministry of Civil Affairs reviews the documents and approves the registration, it shall issue the foundation legal person registration certificate< (3) after the foundation is registered, it shall go through the tax registration, apply for the organization code, carve the seal, open a bank account and report to the registration authority for the record< What are the proceres for representative offices of overseas foundations< (1) submit all valid application materials< (2) if the Ministry of Civil Affairs reviews the documents and approves the registration, it shall issue the registration certificate of Representative Office of overseas foundation< (3) after registration, representative offices of overseas foundations shall go through tax registration, apply for organization code, carve seals, open bank accounts, and report to the registration authority for the record< 3. What are the types of foundations<

foundations can be divided into public fundraising foundations and non-public fundraising foundations. According to the geographical scope of fund-raising, public offering foundations are divided into national public offering foundations and local public offering foundations< Where should the foundation register< (1) the Civil Affairs Department of the State Council and the civil affairs departments of the people's governments of provinces, autonomous regions and municipalities directly under the central government are the registration and administration organs of foundations< (2) national public offering foundations; Foundations to be represented by non mainland residents; The original fund exceeds 20 million yuan, and the sponsor applies to the Civil Affairs Department of the State Council for establishment; Representative offices of overseas foundations established in mainland China shall be registered with the Ministry of civil affairs

9.

The differences between fund and foundation are as follows:

1. Different definitions

fund broadly refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident fund, insurance funds, retirement funds and funds of various foundations. A foundation refers to a non-profit legal person established in accordance with the provisions of these regulations by making use of the property donated by natural persons, legal persons or other organizations for the purpose of engaging in public welfare undertakings

Fund can be divided into open-end fund and closed-end fund, as well as stock fund, bond fund, money market fund and futures fund. As a basic social organization and institutional form, fund is different from government, enterprise and general non-profit organization in public welfare, non-profit, non-government and trust

Third, different characteristics and functions

funds can be divided into corporate funds and contractual funds according to different organizational forms. Fund is established by issuing fund shares to establish investment fund company, which is usually called corporate fund; It is usually called contractual fund, which is established by fund manager, fund trustee and investor through fund contract

The foundation is the propeller of the development of civil society. Civil society emphasizes everyone's independent behavior ability. The foundation has changed the traditional social structure and wealth structure. It not only promotes the accumulation of social wealth outside the government and enterprise departments, but also gives the control of social resources to the representatives of citizens through the foundation's public welfare operation, centralizes the scattered citizens' will and wishes, returns citizens' rights to the hands of citizens, and promotes the development of civil society

10. The foundation is a non-profit organization with independent legal person registered in the civil affairs department. According to the regulations, it can be divided into public foundation and private foundation. It can set up multiple funds, such as the "one foundation" set up under the Red Cross in the past. Later, Jet Li set up the "one foundation" in Shenzhen alone, It is the first private public fund established in China
there are two types of funds: investment fund, endowment fund and kindergarten development base metal endowment fund
according to the regulations of the State Administration of non-governmental organizations, private non-governmental organizations (private kindergartens belong to this category) can set up a fund if the donation exceeds 500000 yuan. At the same time, they must report to the management department at the same level, make their accounts public and accept public supervision;