Post
Topic
Board Announcements (Altcoins)
Re: [ANN][GALI][AIRDROP/BOUNTIES] - MN/PoS/zPoS Hybrid - Dynamic Zerocoin Staking
by
mbroemme
on 01/04/2019, 18:20:35 UTC
This is an important announcement we would like to share in the forum as well:

After much consideration we finally reached a point where the future development of Galilel needed a legal entity both from a business as well as from a legal perspective. Therefore we will legally establish a corporation. The complete costs to establish the corporation will be paid by team members.

Without a corporation behind the project we will be stuck very soon. The project as a whole operates in a B2B business environment. We currently don't have the ability to enter into legally binding business contracts. While until now it wasn't necessary the next tier of business partners will require a legal entity in order to enter into an contractual agreement (Google Play Store, Apple Store and Snapcraft to name a few, but also established exchanges and pretty much everyone else in the real world). Besides that just like in the real world this will leave a more serious impression as in general people tend to pay much more respect when someone writes them with a company in the letter head or signature.

While until now we concentrated on development and have a well established track record of progress there, this will mark the first huge step we take from a business perspective. It will set us up for the long term and will ensure that we are recognized as a serious project. It also opens up new business opportunities by giving us a legal umbrella under which we can operate.