Mothership, a new token market, exchange, cloud hosting platform and wallet providing blockchain financial services, has been introduced to the Estonian eResidency program. The e-Residency offered by Estonia is a government-issued digital ID available to anyone in the world. A legally binding signature (a pair of identity-linked RSA keys), e-Residency allows applicants to register an EU based company entirely online. Mothership is the first company of its kind to integrate with e-Residency.
Oleg Gutsol, a serial entrepreneur and now the Head of Global Growth at e-Residency, said: “At e-Residency, we are working very closely with the blockchain community and we are excited about what Mothership is doing – providing a clear legal framework and a token market for startups in the blockchain space and creating a gateway between banks and cryptocurrencies, founded in a secure and robust exchange,”
Estonian e-Residency is a government-issued strong digital ID – available to anyone in the world – and a transparent business environment in the EU, which can be accessed remotely. Working with companies like Mothership helps position Estonia to become a place to start and run blockchain start-ups, making cryptocurrency markets accessible for EU businesses, Estonian e-Residents and digital nomads. Mothership’s services are available to anyone, but those with e-Residency will have access to further security features.
Mothership is raising funds through a token sale built on the Ethereum platform. Of a total 200,000,000 ERC20 tokens, 70% have been supplied for purchase in this round, 20% of tokens reserved for purchase by their Strategic Investors (who assist the project in non-monetary ways including advisory, networking, and smart contract reviews), 5% of tokens earned through the Mothership Referral Program in this fundraising round, and 5% of tokens to be reserved for the team and advisors. The ongoing token sale will end on the 26th July 2017, or when all tokens are sold.
The platform is launching within the context of the European Commission’s July 2016 proposal to amend the Fourth Anti-money Laundering Directive (4AMLD), to bring cryptocurrency exchanges and wallet providers within scope. Cryptocurrencies would be given a clear definition as ‘virtual currencies’, and be added to a list of regulated entities.
Aa a new token market, Mothership would be a gateway to cryptocurrency markets for existing Estonian blockchain companies, as well as an option for launching new blockchain start-ups. Providing a platform and legal framework for the whole process – from e-Residence and 100% remote incorporation to developing an ICO offer, accepting payments and tracking results – it will work to simplify conducting business in Estonia.