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Meanwhile, MME was finally ready to draft the final structure of the deal. A company would be set up to manage the token sale, which would be considered to be the same as the sale of software. Funds raised would be later controlled by a foundation, which would be created to support an open source platform. A difference between US and Swiss foundations is that in Switzerland, foundations don’t have beneficiaries they can transfer funds to. They can only spend donations according to the purpose defined in the foundation deed. Federal authorities make sure these conditions are being met with ...more
The Infinite Machine
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