In 2017, the attention of the interested public was focused on the implementation of the Neufund project, as the mechanisms incorporated in it make it possible to combine direct financial investments and blocking technologies. In addition, the opportunity to participate in the capitalization of the site was also a significant advantage. At the same time, most experts say that the main business process implemented by developers and those who will be engaged in attracting investments, is ICO, that is - the initial public offering of coins (initial coin offering). This is a widespread term which, however, can not be extended to Neufund, since the key unit area will become equity tokens, which is somewhat different legal ownership.
Initially, ICO and tokens were perceived as identical concepts, however, the active development of the latter led to the fact that from a conditional payment unit that could only be purchased, sold or exchanged, they became the equivalent of the real shares of a project, with all the ensuing opportunities. Formally, there is no longer ICO, but TGE (token generating event), which is much more attractive in terms of legislation. The fact is that the crypto-currencies in one form or another have not yet found a full-fledged legislative reflection of their status, as happened in Japan, moreover, a number of countries have even banned the implementation of operations with them. That is why the creation of a site based on the use of blocking technology should be as far as possible from associations with the primary issue of the risk group. Moreover, Neufund is a consolidation of an online stock exchange and an investment site for block-start-ups. In other words, this is the infrastructure that allows advanced protection technologies to be extended not only to crypto-currencies, but also to other transactions and securities.
This is especially important for the Russian players, as a case in point is the experience of the electronic platform "Sunrise", which was prohibited from trading provided the first Yakut diamond cryptocurrency D1 Coin. As stated in the official statement of the Central Bank, the Moscow Stock Exchange, which is a partner of the site, did not take into account the potential risks associated with the legislative consolidation of the status of the crypto currency. And, although a number of experts note that here it was not about the traditional ICO, but about the placement of equity tokens, the legal distinction was not carried out at the proper level.
In view of all of the above, the advantage of Neufund is that the original goal of the project was the generation of investment assets for the development of innovative start-ups, rather than the IPO (Initial Public Offering) - an initial public offering, which would avoid attracting state regulators and bureaucratic obstacles arising from their reluctance to work with not legally fixed units.
From a legal point of view, the implementation of the above transactions on the platform should be considered as a public offer rules of interaction that determines the specificity of the current proposals, as other laws are simply not available.
When the company enters the Neufund site for the first time, you can use the term ITO (initial token offering), which also distances itself from primitive emissions. Thus, the main legal regulator of transactions is white paper - an agreement on the offer, which should be drafted in the most clear and detailed manner. Otherwise, any legislative act introducing an element of uncertainty will be interpreted by different parties in their interests.
If we consider Neufund from the point of view of the regulator, then it acquires even greater popularity among potential investors due to such international practice as contra proferentem, when any legal inaccuracy is treated against whoever initiated it. And since the offer is offered by the developers of the startup, any uncertainties are automatically interpreted in favor of the investor, which is an additional tool for protecting the invested funds.
If the investor accepts the proposed offer, the so-called smart contract enters into the business, the legal bases of which further expand the availability of implemented ideas, as they protect the inexperienced user IT systems from the code audit procedure and the detection of hidden conditions. Thus, there is a transition from a localized block-environment, to enter into which for the beginner is akin to a lottery, to a civilized legal field in which everything is regulated by contract, and not knowledge in the field of coding. At the same time, the tokens themselves can act as a calculation unit, as well as a document that determines the share of property and brings dividends.
Such legal difficulties predetermine a situation where between the potential investor and a developing company there should be an arbitrator regulating their interaction and providing guarantees to both parties, its role is assigned to the Neufund site, and the opportunity to get a share of the latter, provides the necessary decentralization of the ex-ski.
Site https://commit.neufund.org
Lightpaper https://neufund.org/lightpaper/