DCORP Action Plan Paper

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DCORP - The Action Plan

Created through Crowdfunding
Decentralized Corporation (DCORP) was created by a group of ardent blockchain enthusiasts to realize their dream in the thriving blockchain atmosphere, just perfect for the start-up, in early 2017. DCORP envisioned bringing democracy into the elitist venture capital industry through the revolutionary digital blockchain - the decentralized, state-of-the-art, and inherently democratic technology.
DCORP founding team decided on an Initial Coin Offering (ICO) as the best option for funding and developing their visionary project.
The crowdsale took place in June, 2017. After relentless development work and multi-faceted campaigning, DCORP surpassed the minimum funding goals and successfully …show more content…

The news came as a bolt from the blue to DCORP being in the advance stage of developing the VC Platform. This highly unexpected news created a panic in the lightly regulated domain of the ICOs. The SEC ruling now formally required all ICOs to register their entity with the SEC, if they planned to distribute the securities to the citizens of the United States.
This was a difficult extraneous development for DCORP, as they now had to act hurriedly in order to protect the interests of the US contributors as well as the viability of the corporation. Moreover, the DCORP team resolved to provide a fair solution to everyone who had joined DCORP up to that point. It was going to be a difficult task, as there was no easy way to determine how many US Citizens had participated in the Initial Coin Offering.

The Great Solution - Split of DRP into DRPU and DRPS
Following threadbare discussions and careful consideration of all the aspects, the DCORP team worked out the best solution possible to comply with all the legal regulations including the tough and startling SEC …show more content…

If a DRP holder is in the jurisdiction of a regulatory authority that prevents its citizens from investing in the securities, they would only be able to exchange their DRP for DRPU, the utility variant. Whereas the security variant DRPS would be available to the citizens of the countries that has no such preventive regulation. DRPU is available at a 2:1 exchange rate from DRP. This plan of action is appropriate to solve the issues arising out of the SEC

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