Hello,

Raphaël officially introduced me to you all last month, and I am really thrilled to join this project.

Please allow me to tell you with a bit more details what we are working on at the moment:

Having a great project, addressing real needs, is one thing. Making it happen by complying to all laws and regulations, already in place or anticipating upcoming ones, another.

This is what is currently taking most of our time. Regulations. Setting up a proper entity to make sure that the ICO will be legit, recognized as such, not seen as falling under any Securities laws, and so on.

So today, I am happy to announce, after having worked countless hours with our legal council during these past few weeks, that the ICO will take place under the Singaporean jurisdiction.

Why Singapore? In short: they already have strict regulations in place regarding ICOs and cryptocurrencies in general, and the Thai government has good ties with Singapore (SelfPay is based in Bangkok, where the whole team resides).

To emphasize that, I would like to quote a portion of this article, dated 28th March: https://www.bangkokpost.com/business/finance/1436159/draft-decree-on-digital-assets-approved

Quote

If ICOs cannot be developed in Thailand, then it is not a problem for ICO issuers because they can embark on ICO offerings in Singapore, even if the funding cost is higher there than in Thailand, he said.

"Singapore is a good location to raise funds from ICOs as it waives the capital gains tax, so the market environment supports the registration of ICOs with good prospects there," said Mr Korn.

As for the ICO date, we can now confirm that it will happen next month, in May. The exact day still needs to be confirmed, though. But we will announce it officially as soon as it has been set.

Thank you for your trust. Stay tuned! Wink