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November 21, 2019
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Blockchain

ICO that Raised $37M in 18 minutes – Monetha – Passes Legal Audit on White Paper Commitments with Flying Colours

Monetha, the corporate that raised $37M in 18 minutes throughout its ICO, has simply launched the outcomes of a authorized evaluation evaluating the mission described in the white paper and the precise providers the corporate affords right this moment

commercialToken Agency

Monetha is among the many first of post-ICO firms to provoke such an analysis, carried out by the Swiss regulation agency Kellerhals Carrard — one of many main Swiss industrial regulation companies, in the post-ICO period.

“Trust is fundamental not only for Monetha but it is also key to the entire industry. Therefore we entrusted well-known Swiss law professionals to conduct thorough examinations and tests of our services. The positive results of such an investigation not only reaffirms our investors but also contributes to the general reliance on the blockchain businesses in the post-ICO era,” acknowledged Justas Pikelis, Co-Founder at Monetha.

According to examinations and assessments, Kellerhals Carrard legal professionals acknowledged that they:

“…did not identify contents in the WP (white paper) that were not developed in the Monetha platform and are not working from an operational point of view.”

The talked about evaluation was carried out with out beforehand informing the Monetha staff.

“Promises that were given to the investors during the ICO rush, unfortunately, does not always match the actual operations of some companies. If they operate today at all. The deficit of trust is clearly the issue contributing to the general precaution towards the industry. This is one of the key factors slowing the broader implementation of blockchain technology. Monetha intends to set a completely different standard”, he added.

The textual content of the WP has been out there on Monetha’s web site since June 2017, earlier than the beginning of the ICO, and remains to be out there for buyers, regulators, and anybody keen to delve. The outcomes of the comparative evaluation have been made public right this moment as properly.

Monetha Gmbh is a Decentralised Trust and Reputation System for world commerce working flawlessly collectively with a cell fee resolution on the Ethereum blockchain. Founded in Zug, Switzerland, Monetha’s headquarters is in Vilnius, Lithuania.

Monetha’s co-founder — Justas Pikelis — was chosen for Forbes Europe 30 Under 30 Finance and Big Money lists.

About Richard Kastelein

Founder and writer of business publication Blockchain News (EST 2015), a associate at ICO providers collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of training firm Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning writer, innovation govt and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain expertise and startups at Blockchain News and has additionally revealed pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the highest 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang on the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation four.zero programme.  Over a half a decade expertise judging and rewarding some 1000+ innovation initiatives as an EU skilled for the European Commission’s SME Instrument programme as a startup assessor and as a startup decide for the UK authorities’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain expertise in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing profession has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written sometimes for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and concepts have been translated into Dutch, Greek, Polish, German and French. A journalist by commerce, an entrepreneur and adventurer at coronary heart, Kastelein’s skilled profession has ranged from political publishing to TV expertise, boatbuilding to judging startups, skippering yachts to advertising and extra as he is travelled for practically 30 years as a Canadian expatriate residing world wide. In his 20s, he sailed world wide on small yachts and wrote a collection of journey articles known as, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in main journey and yachting publications. He at the moment lives in Groningen, Netherlands the place he is elevating three teenage daughters with his spouse and crusing associate, Wieke Beenen.

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