THELOGICALINDIAN - DOVU the blockchainpowered bazaar for carriage abstracts has taken accomplish to ensure its badge auction will be conducted to the accomplished standards including abomination accident administration measures accommodating with all-around accountancy close KPMG on its aggregation and banking structure
Monday’s advertisement that Chinese authorities are banning fundraising through blockchain army 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 apparatus 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 accumulated babyminding 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 crowdsale on 3 October.
The DOVU aggregation has spent the aftermost 12 months ensuring that they are structured accurately for a appropriately 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, alive 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 the carriage industry and blockchain experts. The project’s badge auction includes wallet accident profiling and high-value chump due activity processes (using a risk-based approach) to bigger accord with the accident of crime. With the industry beneath scrutiny, abounding will acquisition DOVU’s badge auction precautions reassuring.
The account that China’s regulators will anticipate Chinese entrepreneurs from adopting funds via badge 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 2024.
The presale launched on 4 September.
For added advice or to participate in the crowdsale, appointment www.dovu.io.
