GECKO Crypto1 is a compliance system that enables a self-regulatory framework on behalf of the Token sale market.
Most importantly, it provides a verifiable independent blockchain audit trail of compliance to satisfy global financial regulators. GECKO Crypto1 is implemented on the blockchain, across the entire ecosystem of data providers and consumers.
Today, GECKO Governance is the first RegTech blockchain solution to easily allow Fund Managers and Banks to monitor and manage their regulation and compliance requirements. It enables Banks and Fund Managers to schedule all their end to end compliance and regulatory tasks and provides a verifiable independent audit trail of compliance to satisfy global financial regulators. The solution greatly improves client's transparency, operational efficiency, cost effectiveness and compliance security.
In July 2013, a form of blockchain fundraising called a 'Token Sale' was developed. Over the last two years, the Token Sale model has been used by hundreds of organizations to raise over $6.8 billion USD. Government agencies are now analyzing the securities implications of this nontraditional form of financing, with potential consequences for Token Sales that violate securities laws.
Many believe the Token Sale market is overheated and filled with economic free-riders which will produce significant negative effects. This paper proposes that the existing GECKO Governance compliance system and protocol be expanded to enable a self-regulatory function on behalf of the Token Sale market will provide much needed transparency and accountability desired by investors.
GECKO Governance, seeks to utilize its existing compliance system and protocol within the Token Sale ecosystem such that it can be seen as an extension to or a structured format for a Token Sale white paper to ensure disclosure of key information for investors before and during a Token Sale. In Addition, GECKO Governance uses a blockchain-based system to ensure all data is live, immutable, auditable and verifiable. That will also provide transparency, compliance, and accountability after a Token Sale on a continuous basis as new regulatory rules are implemented.
In addition, The GECKO Governance system is open to the entire Token Sale ecosystem and as such, enables Token Sale projects to be vetted by investors. It is implemented on a blockchain to ensure trusted, secure, decentralized compliance across the entire ecosystem of data providers and consumers.
In order to power the expansion of the existing GECKO Governance system to provide Transparency, Compliance and Accountability of Token Sales, an ERC20 standard GECKO token will be created and distributed to network participants.
This paper also proposes using the system and protocol to provide a GECKO certification from worldwide organizations that can serve as a trusted validation of compliance, AML/KYC providers, ratings agencies, legal advisors, financial accountants and technology providers.
GECKO Governance is committed to the Pledge1% movement and will be donating one percent of the overall proceeds of the GECKO Token Sale to a number of charitable endeavors.
|“||June 2016: Built first beta version – GECKO Governance.
August 2016: Dell partnership for Data Security began.
October 2016 : DMS Governance rollout – Ireland.
December 2016: Largest EU start up funding competition “Seedcorn” win.
February 2017: Launch of New York office.
June 2017: Launch of Sydney Office.
November 2017: Grant Thornton US partnership Alliance signed.
December 2017: $1 Million COSIMO Ventures Seed Investment.
January 2018: Jeff Parker joins advisory board.
February 2018: MannBenham – Isle of Man legal partners appointed.
March 2018: Token Sale PR firm engaged – Wachsman PR.
April 2018: Signed up to 1% Pledge (of proceeds of token sale).
May 2018: Isle of Man Authorization – Token Sale project.
June 2018: Project Roadshow & Pre-sale to accredited Investors & Funds.
Q4 2018: Launch partnership with ICO Governance Foundation.
Beta build of Crypto1 Token Sale Governance prototype launch.
Test Crypto1 Token Sale Governance prototype modules.
List on exchanges.
Q1 2019: Deploy Token Sale module.
Open Asian office – Singapore/Hong Kong.
Enhance Token Sale Governance prototype based on market feedback.
Q2 2019: Open Boston office in the US.
Full Token Sale Governance solution launch.
Investors – Enhance reporting on Token Sale projects.
Expand core team in Ireland, New York City, & Sydney.