Providing liquidity for political and economic markets. The Democracy Earth token is an ERC20 token (VOTE) with the utility of signal and store of value of time.
Voting, decision making, polling, spending, liking, sharing are all a form of signal, i.e. a staked position. Where and when the VOTE token is staked (sent, received, forwarded) determines signal.
The VOTE token is a stable coin. The public, market determined price is designed to represent the value of time, with one HOUR token equal to one hour of time, and VOTE tokens quadratically derived. The foundation believes a $2.50 value, below the equivalent weighted average global minimum wage of $2.68, to be a fair market minimum.
Our objective is fair distribution to the global population, everyone with the chance to participate equally.
Democracy.Earth is a distributed digital voting platform that integrates into everyday life. Vote, delegate, and discuss decisions with actual economic and political consequences.
The VOTE token will be granted to verified network participants, providing a universal access to liquidity. The token is tradable in open markets and can be minted in exchange for Elapsed Time by validated identities, establishing a fair and ongoing distribution model.
This is Democracy for the 100%.
The Democracy Earth token sale is targeted for late 4Q 2018. The pre-sale will close October 15, 2018. The pre-sale is open to global accredited investors only, excluding NY and China. The public token sale will will be open to global purchasers with no accreditation requirement.
Our pre-sale is a US SEC-regulated, Regulation D, Rule 506(b) security offering. We are offering (at various discounts, based on lockup) the right to tokens that will be available in the Democracy Earth public sale. Under this regulation, only accredited investors, as defined by the SEC, are allowed to participate in the pre-sale. Democracy Earth partners with CoinList for investor accreditation verification for pre-sale participation.
Investors can verify their accreditation status for the Democracy Earth pre-sale online at the Democracy Earth CoinList portal.
Once the token is issued, it must be subjected to the“Howey Test” to determine if it is a security or a utility. Tokens deemed securities fall under SEC securities law. The Democracy Earth vote token is a utility token - its utlity is liquid democracy. Therefore, any purchaser, globally, can participate in the Democracy Earth public token sale (scheduled for 4Q 2018), with no accreditation requirement.
In order to comply with SEC regulations only accredited investors may participate in the pre-sale, and only in jurisdictions the SEC does not ban. Click here to see CoinList criteria for accreditation verification. Chinese regulatory authorities prohibit Chinese citizens and companies from participating in ICOs.
For the pre-sale (opened Feb. 1st, closed when 50M token allotment purchased): BTC // BCH // ETH . Wire transfers are also acceptable.For the public sale: BTC // BCH // ETH // XRP // LTC // XMR // ZEC .
A personal link to an executable SAFT (Simple Agreement for Future Tokens) will be sent to you by e-mail upon your registration for purchase and affirmation of accreditation on our website: https://ico.democracy.earth. Notify a DEF admin on Telegram if you do not receive your SAFT. A review copy of the SAFT can be found here.Purchasers will receive a countersigned SAFT from Democracy Earth only after accreditation verification - you may be contacted by CoinList as part of this process.
Take a look at our Github for a full list of FAQs here.