That's great news to see the bill progress further. I've been following it since I heard about it. DNotes Global is incorporated in the state of Delaware. As stated, it will make the swapping of assets much easier, faster, and cheaper and make blockchain equity platforms more attractive with the first state backing it. DNotes Global is incorporated in Delaware.
Thank you, alaalfa, for bringing this to our attention. This is very significant. Delaware is taking the lead but one day all the remaining states will follow, including Illinois. DNotes Global, Inc is incorporated in the state of Delaware and operating its registered business in the state of Illinois. It has limited transactions and business activities at this point but that will change in the future. The path we a chosen is consistent with our vision and the likely path of state and federal regulatory registry, reporting, and licensing requirements as the industry becomes increasingly matured.
Personally, I am concerned about the reckless conducts of our industry as a whole, especially, with regards to the rampant speculative ICOs often with little to zero underlining value. I am fearful that many investors will see substantial losses in their investment with no recourse or hope that what they invested will be worth anything one day. We are already seeing a "blood-bath" that could be quite painful. And regulators will have no choice but take corrective actions to protect consumers investors.
This is a very predictable out-come and a thinning-out process, just like what happened to other emerging technology eras, including PC and dot com. Only a few survived but most vanished. DNotes will survive the test of time. Sadly, most investors in our industry don't seem to do enough home-work to separate fluff from substance. Despite significant added value in DNotes 2.0 development and other areas the value of DNotes has dropped by 75% from its high. It has been under-valued to begin with. I am in accumulation mode.