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Re: LongFutureShot post# 60207

Saturday, 09/08/2018 6:51:17 PM

Saturday, September 08, 2018 6:51:17 PM

Post# of 61155
Just a thought here, but both Momentous and High Times will require a company like Prime Trust to hold in escrow the Bitcoin funds that are going to be used for their digital currency transactions. And because Prime Trust is a Blockchain-driven trust company specializing in both cash and non-cash assets such as Bitcoin and Crypto, this is why High Times will use Prime Trust to hold the digital assets for the High Times IPO.

So my take on the connection would be the escrow part of it. And on the DC Offerings website, the process is discussed:

Then the potential investor goes through the same process they would to open a brokerage account; KYC/AML (Know Your Customer/Anti-Money Laundering), and, where applicable, an accredited investor verification. They sign an offering memorandum, or engagement contract, as well as an escrow agreement. The crypto is then sent to escrow; the escrow service verifies the documents, takes a fee and transfers the balance of the funds to the company. The investor receives confirmation of escrow completion and is issued their documents relating to the investment; and the company is issued a distribution document. Once these confirmations are completed, the cryptocurrency is transferred into an established account for investor.

Sounds simple, and it is to an investor because they get 100% value for the digital asset they are using. From the company’s perspective, they are willing to incur the cost of the escrow service to facilitate the process, because the escrow company is assuming the responsibility for the proper transfer and liquidity of the transaction, not the investor. DC Offerings deals with all the legal, custodial, regulatory and technology issues, including probably the biggest, volatility, liquidity and all disclosure issues.


https://dcofferings.com/process/

So the question is, who will Momentous use for the escrow service of DC Offerings? Will it be Prime Trust or another company?

https://primetrust.com/about.html

Something very interesting is brewing for sure. DC Offerings is going to be a virtual trade show for investors to hook up with companies they can use their crypto to invest in. Will be interesting to see where all this is headed and which companies get on board with DC Offerings.


Please do your own DD. My posts are based on my own research and opinions.

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