After careful considerations, we decided to base our ICO out of Norway. We are cooperating with the Norwegian Financial Supervisory Authorities, major banks and tier 1 law firms in ensuring compliance and optimal tax structure. The values in the Norwegian social-democratic society of transparency, trust, one of the lowest scores on the ​Word’s social inequality index​ and a long tradition for protecting Intellectual Property, freedom of speech are in our view favorable and synonymous with the values of the Blockchain community. Norway also benefits from having no foreign debt and no secret laws which can be used to put pressure on Friend Network AS. By doing the Friend Network ICO in Norway, we hope to set the standard for other projects to follow. Private companies in Norway have to disclose more information than public companies in countries such as the UK or the US. We see this as a great advantage for FRND Token holders. Furthermore, Norway has a special legislation that ensures all private tax information (on an individual level) is available to the public