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We have seen the advent of decentralized freelance portals, betting companies, lottery companies, and what-not announce new ICOs and new company models. But, so far we haven’t seen any legal-based startup apart from auditors who can audit the smart contracts for you. That’s about to change. SmartOne, a new blockchain-based marketplace for legal solutions and services is now in the process of being recognized and invested.
Their token is called the LEGAL token and will undergo an ICO during the second half of November 2017. Lawyers and firms will eventually be able to offer legal advice to clients from around the world with no geographical barriers standing between them, their compensation, and, of course, their clients.
To kick off their platform and work for a solid unifying status, SmartOne will undertake extensive research and development to find legal clarification of ICOs and cryptocurrencies.
As you can see around the world, the cryptocurrencies and ICOs are being rounded up and subjected to state’s hard-handed moves. In countries like China and South Korea, ICOs and cryptocurrencies have been targeted, while in USA they are going to be forced under the supervision of Securities and Exchange Commission (SEC) and other regulatory bodies. Even in Japan and UK, ICOs have slowly come under the watchful eye of government.
The first task of the new legal team would be to find legal clarification of existence of ICOs and how their presence can be justified under the current laws.
SmartOne is also designed to allow cryptocurrency and blockchain-educated lawyers to give legal advice for ICOs. Since these lawyers understand the system and how it works, according to them, they are better equipped to defend your case. The platform also proposes to put a stop to the time-based services that most legal firms provide, instead automating them so that the services can be rendered as quickly as possible with no intermediation involved.
SmartOne is indeed a very smart setup as more and more ICOs are being created without legal cover and they will need representation in one form or another in front of courts and what not. It is a great risk out there and you have seen how many ICOs had to be wrapped up and money returned because of governmental crackdown because of their legal status. The ICOs are very important for the future of the development of blockchain and decentralization as they are fuelling innovation around the world.
One can easily witness that the legal community on its own has failed to address the issues faced by the crypto world particularly the ICOs so a new platform that is crypto-centric makes sense. It will allow lawyers with knowledge and skill for a tough legal battle with state agencies to represent ICOs and crypto exchanges and make their word heard in the world.
SmartOne is a smart solution that envisages an end to the enterprise-based legal system that has failed to represent the crypto world. It is simply the right time for disruption in this field that is still living in the age of dinosaurs.
ICO
The LEGAL token will undergo an ICO starting from November 15, 2017. A 10% bonus is presented to potential investors during the whitelisting process. SmartOne’s model is such that it will continue to play its role in the legal evolution of the crypto world and not just stand back and watch after the initial launch.
SmartOne is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest