This article was first published on ICONOMI - Medium
We are presenting a new structure for ICONOMI that will answer all questions related to ownership and governance.
In the summer of 2016, just two years ago, the blockchain space looked very different than it does today. There was a total legal vacuum, without even a hint as to the direction in which the legal framework might move.
Yet even in such turbulent times, we have witnessed best practices, with non-profit foundations and offshore corporations being the most common options. ICONOMI has also followed that path, but we are now taking an important step toward addressing the issues these setups have brought.
Merging the service operator and the platform
In the process of acquiring a license in the EU to become a fully regulated virtual financial asset service provider, we have grown into a professional organization. With the transformation of our business and the landscape in which we operate, we also need to add clarity to our ownership structure. We also have to acknowledge that our team and compliance are the two most important keys to our success. This is why we are introducing a solution that combines these two aspects under a unified corporate structure: merging the service operator and the platform.
We run ICONOMI with a professional corporate structure, and transparent governance is paramount to our success. We have therefore invested the utmost effort into proposing a revised corporate structure and governance system for the ICONOMI ecosystem with the aim of achieving greater transparency, accountability, and, ultimately, trust for our token holders.
We firmly believe that transparency should be a top-down process, which is why we want to start by enabling our token holders to actively participate in the governance of the ICONOMI platform as its legal owners. Identifying the owners and determining corporate governance procedures with the aim of ...
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ICONOMI - Medium