THELOGICALINDIAN - The contempo authoritative crackdown in China signals the end of cryptos Wild West ICO canicule butDOVU are blockage advanced of the curve
[Note: This is a columnist release]
DOVU, the blockchain-powered bazaar for carriage data, has taken accomplish to ensure its token sale will be conducted to the accomplished standards – including abomination accident administration measures – collaborating with all-around accountancy close KPMG on its aggregation and banking structure.
Monday’s advertisement that Chinese authorities are banning fundraising through blockchain crowd sales for Chinese operators for alleged Initial Coin Offerings (ICOs) beatific shockwaves through the crypto markets. Since the alpha of 2017, able-bodied over $1 billion, mainly in bitcoin and ether, has flowed into such badge sales. Blockchain has accustomed itself as a able tool for crowdfunding new tech platforms, but still the growing badge auction industry additionally has brought with it the accident of scams, hacks, pump-and-dump schemes, and a accepted abridgement of corporate
governance and accountability.
Now DOVU, which is backed by Jaguar Land Rover’s addition arm InMotion Ventures, is establishing a new benchmark. DOVU aims to accommodate the advancement industry with ample and high-quality abstracts sets, sourced from a advanced ambit of stakeholders including grassroots users.Businesses will pay for admission to this abstracts application Ethereum-based DOV tokens, which are offered through a army auction on 3 October.
The DOVU aggregation has spent the aftermost 12 months ensuring that they are structured accurately for a properly managed badge integration, alive with blockchain acknowledged experts Ramparts to actualize a audible accumulated entity.
‘We are admiring to acceptable KPMG, one of the top 4 all-around accountancy firms, as our advisors,working with us on our aggregation and banking structure.’ – Irfon Watkins, Founder and CEO of DOVU
DOVU’s best contempo adviser is Andrew Hodgson, Senior Partner at KPMG Corporate Finance.Hodgson joins a awful able aggregation of carriage industry and blockchain experts. The project’s badge auction includes wallet accident profiling and aerial amount chump due diligence processes (using a risk-based approach) to bigger accord with the accident of crime. With the industry under scrutiny, abounding will acquisition DOVU’s badge auction precautions reassuring.
The account that China’s regulators will anticipate Chinese entrepreneurs from adopting funds via token sales is acceptable to accompany added focus on this area in added jurisdictions. Whilst there is some belief that this is acerb accompanying to apropos about basic flight by Chinese residents, whatever the affidavit for the new prohibition in China, it highlights the charge for organisations in this area to anxiously anatomy their sales, accede the risks of abomination and the abeyant account of crowdfunding and balance law restrictions.
DOVU’s accessible badge auction is appointed for 3 October 2017.
The presale launched on 4 September.
For added advice or to participate in the crowdsale, appointment www.dovu.io/presale.
