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CIVILIXATION DIGITAL COOPERATIVES NEXT GENERATION OF CROWDFUNDING & EGOVERNANCE
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Author Topic: CIVILIXATION DIGITAL COOPERATIVES NEXT GENERATION OF CROWDFUNDING & EGOVERNANCE  (Read 548 times)

CiviliXation

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Currency: 16249443332379212195
Code: CXCMD
Name: CIVIX
PRICE 200 NXT
300,000 For sale once the offer expires we will no longer offer CIVIX again for purchase
Description   
CiviliXation Digital Cooperative core objective is to enable the advancements of Blockchain and higher technologies to be used under existing laws for real use cases to be adopted. CiviliXation is a digital Social Economy connecting physical real time assets. Projects that can use CiviliXation structure: Agricultural Real estate Startups Tourism Energy Education
Supply   2'000'000 / 2'000'000 max
Creator   NXT-JJJW-2ZDX-BYNV-2KTG7

CiviliXation working Paper
https://docs.google.com/document/d/1ZISLYmEzHYqJfq3-msi9EZGxtNRG2wpJS953OrRu56k/edit?usp=sharing

Relating to the viability of using the existing Cooperative Laws of the Republic of Moldova for the purpose of Digital Cooperatives using, but not limited to, Blockchain and Distributed Ledger Technology as part of a technology approach to managing Cooperative frameworks, Services, Members and or any other aspects of Cooperatives within the the Republic of Moldova.

Listed are some examples of existing laws, with short descriptions,  that can be applied with Blockchain and DLT. The CiviliXation Pilot offers the opportunity in a live environment to explore and mature existing and potential new laws for a Cooperative legal and regulatory framework to include Free Economic Zones.

Virtual IT Parks require some framework changes to enable E-Registration, reducing the need of travel to Moldova to physically setup, this is highly possible and credible if the correct on-boarding process and best practices are applied.

The CiviliXation Project for E-Members can act as the example use case as a Closed Loop Framework Trial that can be further demonstrated to Government.

Digital Cooperative CiviliXation

How does a Digital Cooperative work:
Members Register => Profile & KYC => pay Membership fee 50 Euros

Approved Member => Enters into a permissioned blockchain smart contract Agreement

Member => Purchase X Cooperative Shares => Buy & Sell Cooperative Shares => Transactions on the Public Ledger for transparency & Public Auditing.

Members => Coop Dividends Distribution

Cooperative platform will operate from www.civilixation.md (Platform 2nd phase completed of 3 phases)
Target release date of initial MVP (Minimum Viable Product) 01/09/2018

Under Moldovan law Cooperatives http://lex.justice.md/index.php?action=view&view=doc&lang=1&id=311718

Blockchain projects around the world are now looking to adopt the legal structure of Cooperatives in order to facilitate economic development projects leveraging various technologies with the main underline technology being blockchain to facilitate various services as listed below from Moldovan

Article 7 . Types of cooperatives
  • Cooperatives may operate in all branches of the national economy and have the right to practice any kind of activity except for those which are forbidden by legislative acts.
  • Depending on the type of activity, the following types of cooperatives are distinguished:
  • processing;
  • provision of services, including consultancy services;
  • Savings and Loan;
    [Art.7 al. (2), lit. d) excluded by LP91 of 06.03.03, MO56 / 28.03.03 art.251; lit. e) becomes lit.d)]
  • other types of activity.

“Cooperatives are able to operate across various sectors such as Community functions and economical growth”
  • Aviation
  • Logistics and Infrastructure
  • Housing
  • Hydroponics Agriculture development
  • Telecommunication infrastructure
  • Education & Training
  • Financial services
  • Renewable Energy
  • Tourism
  • IT Services & Development
  • Construction / Real estate


Article 10. Obligations and liability of the cooperative
   (1) The cooperative is obliged:
   a) to honor its obligations to its members and associate members, as determined by this law, by its status and by its respective regulations, as well as by the contracts concluded with them;
   b) to carry out, where appropriate, the training of cooperative members;
   c) to provide its members and associate members with information regarding their activity, provided by this law and its statute;
   d) to report to the competent state bodies reports in accordance with the legislation;
   e) to fulfill other obligations stipulated by the legislative acts, the statute and the contracts of the cooperative.
   (2) The cooperative shall be liable for the obligations assumed by the whole of the property owned by it.
   (3) The Cooperative shall not be liable for the obligations of the members and its associated members and shall bear, within the limits of the value of their shares, the risk for these obligations in the cases provided by this Law and by other legislative acts.

COMMENTS: “Clear definition protecting Cooperative Members by Moldovan Law and Statute.
Defining Memberships levels and Roles
Council Board Roles
Voting Capabilities
Investment Restrictions (Total shares owned by individual or corporate)
Release phases of shares to accommodate Timelines
Dividend Distribution
Cooperative Obligations
Technology Functionality and Services

Article 23. Requirements for Membership
   1) Members of the cooperative may be:
   a) legal entities established in the Republic of Moldova or abroad; and / or
   b) natural persons who are citizens of the Republic of Moldova, foreign citizens or stateless persons having the right of residence in the Republic of Moldova, with full capacity, who practice entrepreneurship according to the legislation.
   (2) By the status of the cooperative may be established additional conditions for obtaining the membership that do not contravene the legislative acts.
   (3) The cooperative is open to the admission of new members, regardless of their seat (domicile).

COMMENTS: “Memberships will be managed using a Blockchain enabled platform with public transparency for assigned membership levels and roles
Profile
KYC/AML
Registered Project Identity Card Physical and Digital
Investor Membership
Project Team Membership
Local Resident Membership
Local CooP Employee
Executive Administration Membership   

Article 24. Obtaining membership
   (1) Membership shall be obtained by participating in the formation of a cooperative or by joining a cooperative based on the request of the applicant and the respective decision of the cooperative council.
   (2) The application for membership of a cooperative shall contain the provisions on acceptance by the applicant of the purpose, statute and regulations of the cooperative and the obligation to make full contributions to its initial and additional quotas and to contain the data which confirms compliance with the requirements of Article 23 paragraph (1) and the status of the cooperative.
   (3) Membership of a cooperative is obtained from:
   a) cooperative state registration - for founders; or
   b) to make the first contribution on the initial quota or to acquire the ordinary quota - for other persons.
   (4) The statute of the cooperative may provide for the payment of an entry fee, the size of which may not exceed the expenses necessary for the completion of the co-operative entry formalities.
   (5) The entry fee shall be reflected in the cooperative's reserve capital and shall not be refunded upon termination of membership in the cooperative.

COMMENTS: “The latest KYC/AML technology will be used alongside Digital Identity functionality in order to verify members by their own Cooperative identity card offering built in functions such as E-Voting and Payments. The cooperative identity card will use biometrics for online and offline verifications
50 Euro membership Fee to Join Memberships will be managed on the Cooperative blockchain and auditable on the public ledger.

   
    Article 27. Quota assignment
   (1) A member of the cooperative is entitled to sell or otherwise assign its share in the manner established by the present law, statute and regulation of the cooperative.
   (2) The assignment of the ordinary or preferential quota to another member or an associate member of the cooperative is performed in compliance with the requirements of art. 39 para. (3) and does not require the cooperative council's approval.
   (3) The assignment of the ordinary share to a third party, which corresponds to the requirements of art.23 paragraph (1) and the statute of the cooperative, shall be admitted only with the agreement of the cooperative council, which must be given within one month from the date of the simultaneous submission of the application the assignment and the request for the purchase of a quota by a third party. In this case, other members of the cooperative have the right to preemption on the quota to be transferred, unless the status of the cooperative provides otherwise.
   (4) If, within the time limit specified in paragraph (3), no other members of the cooperative have applied to acquire the ordinary share which is assigned, this quota may be assigned to a third party with the agreement of the cooperative council.
   (5) In the event of a refusal of the cooperative council to accept the assignment of the ordinary quota in accordance with paragraphs (3) or (4), the cooperative shall return to the applicant the value of its quota according to Article 33.

COMMENTS: “WIth the digitization of the cooperative and core focus on blockchain based tokenised shares enables members to legally trade within the cooperative membership, providing OPT in and OPT out scenarios for;
Buy or Sell shares instantly and registered on the public blockchain for transparency and auditing
Transfer of shares to another member or family member once they are registered
Disputes Resolution  (handled via Executive Voting on the Blockchain)



Article 34. The rights of the co-operative member of the cooperative
   (1) The affiliated member of the cooperative is entitled:
   (a) to participate, without the right to vote, in the discussion of matters on the agenda of general meetings, except in the cases provided for in paragraph 2;
   b) to have access to the minutes of the general meetings and to the financial and specialized reports of the cooperative;
   c) to receive dividends;
   (d) to acquire, as a matter of priority, the preferential share (part thereof) which is assigned;
   e) to alienate, to pledge, to pass through the will of his preferential share (part thereof), and to leave the cooperative at the end of the financial year, in the manner established by the legislative acts, the status of the cooperative and the contracts concluded with it;
   f) to convert, with the agreement of the cooperative council, its preferential share (part of it) into an ordinary share or a loan granted to the cooperative;
   g) to transform, with the agreement of the cooperative council, the loan granted by the cooperative to part of its preferential quota.
   2. The affiliated member of a cooperative shall be entitled to vote if the general meeting examines matters relating to the modification of the rights of the members of the cooperative provided for in the cooperative statute or the reorganization or winding-up of the cooperative, and where two years in a row the dividends have not been announced or paid. In the latter case, the voting rights of the associated members cease once the dividends are paid.
   (3) The contract concluded by the member associated with the cooperative may also provide for other rights which do not contravene the legislative acts and the status of the cooperative.

COMMENTS: “Voting rights would be processed digitally with members enabling proposals open to the community to be freely voted upon, cases for Savings, Loans and further expansion of services would be digitally offered to the members and would require a 65% approval vote
    • Requested new service
    • Reinvestment of profits into expanding
    • Executive team positions
    • New ideas and concepts
    • Issues to be addressed
    • Dividend distribution
    • Local member of CiviliXation can request a loan with there proposed terms and business case (Not a personal Loan) This would be vetted and verified by the Executive board before finally being released
    • Regardless the amount of shares (min 1 share or Max of 20% owned) 1 to 20% of shares equals one vote only”


Currency: 16249443332379212195
Code: CXCMD
Name: CIVIX
PRICE 200 NXT
300,000 For sale once the offer expires we will no longer offer CIVIX again for purchase
Description   
CiviliXation Digital Cooperative core objective is to enable the advancements of Blockchain and higher technologies to be used under existing laws for real use cases to be adopted. CiviliXation is a digital Social Economy connecting physical real time assets. Projects that can use CiviliXation structure: Agricultural Real estate Startups Tourism Energy Education
Supply   2'000'000 / 2'000'000 max
Creator   NXT-JJJW-2ZDX-BYNV-2KTG7
« Last Edit: September 17, 2018, 04:39:59 am by CiviliXation »
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