✨ Isishwankathelo se-AI
- Le posi yebhlog yazisa ingcamango ye-Security Token Offerings (STOs) kwaye inika isikhokelo sendlela yokuqalisa i-security token, ingakumbi kushishino lwezindlu.
- Ichaza ukuba iithokheni zokhuseleko ziphantsi kwemigaqo yokhuseleko karhulumente kwaye zimele amalungelo obunini kwiiasethi, zibonelela ngeenzuzo ezinjengokwanda kokuguquguquka kwemali kunye nokusebenza kakuhle kwemarike.
- Esi sithuba sichaza iintlobo ezahlukeneyo zeethokheni zokhuseleko, kuquka iithokheni ze-equity, iithokheni zedebt, iithokheni ze-utility, kunye neethokheni ezisekelwe kwi-asethi.
- Inkqubo yokuqalisa i-STO ineenkcukacha, igubungela amanqanaba anjengokulungiselela, imisebenzi yangaphambi kwe-STO, kunye nesigaba esiphambili se-STO apho iithokheni zithengiswa khona kuluntu.
- Izinto eziqwalaselwa emva kwe-STO ezifana nophuhliso lwemveliso kunye nenkxaso yabathengi nazo ziyagxininiswa.
Eli nqaku libeka isiqalo sothotho olutsha olusakhulayo kunye noluthethwa kakhulu malunga noKhuseleko lweToken Offering. Namhlanje, siza kukhanyisa malunga nendlela yokuqalisa ithokheni yokhuseleko kwishishini lezindlu okanye kulo naliphi na ishishini ishishini lakho elisebenza kulo.
I-blockchain iphakathi kwezona teknoloji kuthethwa ngazo kakhulu malunga ne-crypto assets ezifana ne-Ether, i-Bitcoin, iithokheni eziluncedo kunye neempawu zokhuseleko. Kuya kufuneka ukuba uqhelene neethokheni eziluncedo, nangona kunjalo, ithokheni yokhuseleko ngumbono omtsha onokuthi ukhe uve ngawo.
Ngaphambi kokuba singene kwinkqubo yokumisela ngempumelelo iMithombo yoKhuseleko lweMifanekiso, masiqale sithethe malunga nokuba yintoni na ithokheni yokhuseleko.
Xa ithokheni iphantsi kwemimiselo yokhuseleko ye-federal kwaye inokufumana ixabiso layo kwi-asethi yangaphandle ethengiswayo, iyaziwa ngokuba ngumqondiso wokhuseleko. Ngelixa iithokheni eziluncedo zingasetyenziselwa ukufikelela kwiinkonzo ezithile, iithokheni zokhuseleko zimele ii-asethi ezinamalungelo obunini. Abanini zikhuseleko bafumana isabelo senzuzo, izabelo, izabelo, ukuvota kunye nokuthenga amalungelo njengembuyekezo.
Kuyinyani ukuba uphawu lokhuseleko olunikezela ngenkqubo yophuhliso inokuba yinto entsonkothileyo, nangona kunjalo, mandikuxelele ukuba zininzi iingenelo ezinxulumene neempawu zokhuseleko. Izibambiso zeTokening zonyusa amandla okuhlawula amatyala e-asethi anokuthi abandakanye abatyali-mali abangakumbi nangakumbi.
Ukongeza koku, iithokheni zokhuseleko zikwabonelela nangezinye izibonelelo ezinkulu ezinje: ukonyuka kokusebenza kwemarike, imirhumo ephantsi yokukhutshwa kunye nokwahlulwahlulwa kwempahla enkulu. Ukuba isiqalo okanye ishishini lihlangabezana nezibophelelo ezifunekayo zolawulo, iqonga elinikezela ngetokheni yokhuseleko linokudala amandla amakhulu ohlukeneyo osetyenziso lwe-blockchain.
Iindidi ezahlukeneyo zeeTokens zoKhuseleko
I-Equity Token: Amathokheni okulingana luhlobo lwamathokheni okhuseleko oluxhaswa sisitokhwe senkampani okanye inkunzi.
Umqondiso weTyala: Iinkampani zikhupha iithokheni zokhuseleko kunye nesithembiso sokuhlawula ukuze kutsalwe abatyali-mali betyala.
Umqondiso oluncedo: Ngamathokheni aluncedo, ukuqala okanye iinkampani zinokunyusa imali yophuhliso lweeprojekthi zebhloko.
Iimpawu ezisekwe kwi-asethi: Ithokheni esekelwe kwi-asethi yakhiwe kwiqonga le-blockchain kwaye lidibene nento ebonakalayo okanye engabonakaliyo yexabiso elithile.
Uyisungula njani i-STO?
Inkqubo yokuqaliswa kweMifanekiso yoKhuseleko eyimpumelelo iqala ngokuhlela ngokwamabakala akhankanywe apha ngezantsi:
Ukulungiselela
Okokuqala, yiza nombono obalaseleyo, qhagamshelana nomcebisi wezomthetho kwaye wenze isigqibo malunga nendlela ithokheni enokufumana ngayo ixabiso. Ngelixa udala ithokheni yokhuseleko, kubalulekile ukuyithobela nemimiselo. Ukuze ube ngumqondiso wokhuseleko, kufuneka ulungele uvavanyo lwe-Howey. INkundla ePhakamileyo yase-US yaseka uvavanyo lwe-Howey ukuqinisekisa ukuba ilungiselelo libandakanya ikhontrakthi yotyalo-mali okanye hayi. I-asethi ye-cryptocurrency ecoca uvavanyo lwe-Howey ithathwa njengophawu lokhuseleko. Kufuneka ihambelane nezibambiso zombuso kunye nemimiselo. Ukuze usungule iqonga elinikezela ngetokheni yokhuseleko ngempumelelo, kubalulekile ukuba uqaphele amaqonga aphezulu okukhutshwa kokhuseleko - iPolymath, Securitize, Swarm, Securitize, Harbour and Securrency.
Enye into ebalulekileyo yesigaba sokulungiselela yi-STO whitepaper. Amanye amacandelo abalulekileyo amele afakwe kwiphepha elimhlophe abandakanya ukuchaswa kwezomthetho, umboniso woshishino, iinkcukacha zemveliso, imodeli yeshishini, i-architecture yobugcisa, i-asethi kunye nolunye uhlobo lokhuseleko oluhambelana nomqondiso, i-Tokenomics kunye neenkcukacha zokusetyenziswa kwethokheni kunye namalungu eqela. Emva kokuba uze nombono oqinileyo, khetha iqonga elifanelekileyo lokwakha i-STO kwaye uqinisekise ukuba ujonge iqela leengcali ezinamava ezinamava uphuhliso lwe-cryptocurrency. Emva koko, kufuneka wenze iqonga lewebhu elikuvumela ukuba uthengise amathokheni okhuseleko kubatyalomali be-crypto.
Presto
Ngaphambi kokuba uqalise i-STO yakho, kubalulekile ukuyazisa kwimarike ukuze abantu bazi ngayo. Iiwebhusayithi ezahlukeneyo ziyilelwe ukudwelisa ii-ICO kunye nee-STO. Kukho eminye imibutho yabagcini abafanelekileyo enokukunceda ukuba uqalise i-STO yakho efana ne: CoinBase kunye ne-Prime Trust. Ngoku ekubeni ugqibe kwiqonga lokunikezelwa kophawu lokhuseleko, lixesha lokugxila ekudaleni umqondiso. Ukuze wenze ithokheni yokhuseleko, inyathelo elipheleleyo ngenyathelo lokhuseleko lwenkqubo yokunikela liza kulandelwa. Ngaphambi kokuba uqale, kufuneka ube ne:
- Iakhawunti yeMetamask exhaswa ngemali
- Ukwenza iakhawunti kwiPolymath
- Bhalisa uphawu lomqondiso
- Khetha Amaqabane
- Indalo yoMqondiso
- Ukuseta enika iinkcukacha
- Ukufakwa kuluhlu lwabatyali-mali
I-STO yabaTyali-mali abaVunyiweyo
Oku kwenzeka ukuba yinqanaba eliphambili leprojekthi ye-STO apho inkampani ithengisa amathokheni ayo kuluntu ngokutshintshiselana nokunyusa imali. Ukuze uqhube ukuthengiswa kwesihlwele, kufuneka ube neqhosha lokuthengisa uphawu kwiwebhusayithi ukusuka apho abatyali-mali banokuthenga amathokheni ngokudlula. KYC / AML iitshekhi. Ngelixa uthengisa amathokheni kuluntu, kubalulekile ukubonelela ngeenkonzo zenkxaso yoluntu ukubanika uncedo olukhawulezayo xa lufuneka. Emva kokuba uqalise iSibonelelo soKhuseleko lweSibonelelo, kufuneka ugxininise ekudaleni iqela lenkxaso elinika uncedo kwiiplatifti ezininzi zeendaba zoluntu kunye neeforamu ze-crypto.
Ngeposi-STO
Ukuze kuqinisekiswe ukuqaliswa ngempumelelo kwe-STO, kunyanzelekile ukuphuhlisa imveliso exhasa ithokheni yokhuseleko eqalisiwe. Imveliso inokuphuhliswa emva kokuba ithokheni yokhuseleko iqaliswe kwaye kukho imfuneko enzima yokwakha i-user-friendly, i-robust kunye nesicelo esikhuselekileyo kwi-blockchain. Nje ukuba imveliso ikhutshelwe uluntu, i Inkampani yophuhliso ye-STO ibonelela ngeenkonzo zenkxaso yobugcisa ukunceda abathengi.
Oyena mnikezeli wenkonzo yophuhliso lwe-STO uya kubonelela ngeenkonzo zenkxaso ye-clock-clock ukuze abathengi bangajongani nazo naziphi na iinkxalabo zobugcisa. Nangona i-Initial Coin Offerings incede iinkampani ukuba zinyuse izigidi zeedola, zihlala zingenazo iindlela ezilawulwayo kunye nokhuseleko. Ke, ithokheni yokhuseleko iyayoyisa le ngxaki ngokulandela ukuthotyelwa kwezomthetho.
I-Antier ngomnye wabanikezeli benkonzo yoKhuseleko oluBonelelo lweSibonelelo abanokukunceda uqalise ithokheni yokhuseleko ngempumelelo. Ukususela ekudibaneni nokwakha ithokheni yokhuseleko kunye nokwakha i-blockchain esekelwe, iqela lethu lophuhliso lwamathokheni okhuseleko linokunika uncedo lwezobuchwepheshe oludingayo kuyo yonke inkqubo yokuqalisa i-STO.
Imibuzo ebuzwa qho
01. Yintoni ithokheni yokhuseleko?
Ithokheni yokhuseleko yi-asethi yedijithali ephantsi kwemimiselo yokhuseleko ye-federal kwaye ifumana ixabiso layo kwi-asethi yangaphandle ethengiswayo, emele amalungelo obunini kunye nokubonelela ngeenzuzo ezifana nokwabelana ngenzuzo, ukulingana, kunye namalungelo okuvota.
02. Ziziphi iingenelo zamathokheni okhuseleko?
Amathokheni okhuseleko aphucula amandla okuhlawula amatyala, ukwandisa ukusebenza kakuhle kwemarike, imirhumo ephantsi yokukhutshwa, kunye nokuvumela ulwahlulo lwee-asethi ezinkulu, zibenze babe nomtsalane kubatyali-mali nakumashishini.
03. Ziziphi iintlobo ezahlukeneyo zamathokheni okhuseleko?
Iindidi eziphambili zeempawu zokhuseleko ziquka iimpawu zokulingana (ezixhaswa yimpahla yenkampani), iithokheni zetyala (intlawulo ethembisayo yokutsala abatyali-mali), iimpawu eziluncedo (kwiprojekthi ye-blockchain yenkxaso-mali), kunye namathokheni asekelwe kwi-asethi (edityaniswe kwii-asethi ezibonakalayo okanye ezingabonakaliyo).
