FinstoreStep 1: Check the financial condition of the company
The operator of the online investment platform Finstore.by is LLC «DFS». The company’s specialists analyze the candidate company for token issuers and its financial statements. To do this, they need to provide the following information, documents and materials:
- Certificate of state registration of a legal entity (copy);
- The company's balance sheet with appendices 2, 3 and 4 for three full calendar years and notes to it with an explanatory note and audit reports (copies);
- Link to the official website and social networks of the company.
- For the founders (participants) of the ICO customer, director and chief accountant – passport scan (31-33 pages, as well as a page with a residence permit);
- Selfie with the director's passport;
- Order or Order for the Appointment of a Director and Chief Accountant (copy);
- If the company's accounting is outsourced, it is necessary: a certificate of state registration, a contract between companies, as well as an order for a director.
Step 2: Check KYC
KYC (Know Your Customer — «know Your Customer»)– is a mandatory identity verification procedure used by banks, crypto exchanges and financial institutions. It includes collecting passport data, confirming the address of residence and verifying the security of key persons of the company for the prevention of fraud, money laundering (AML) and terrorist financing.
Potential issuer of tokens prepares and provides LLC «DFS» the following information, documents and materials:
< Getting a business reputation or credit rating
To issue tokens on the Finstore platform, a company must have a business reputation rating or a credit rating from an independent rating agency at least below the level . The agency can be both Belarusian and foreign. Now in the Republic of Belarus there is only one independent rating agency accredited by the NBRB – <(Executive Director – Usachev Andrey Vladimirovich, +37544 473/spanspan>>Step 4: Organization of release. Preparation of the necessary documents, creation and placement of the issue of tokens on the platform
After successfully passing the three stages, the specialists of LLC "DFS" decide on the admission of the company to the initial issue of tokens. At the final stage, you need:
- Conclusion of the Agreement on the organization of emission and placement of digital signs (tokens);
- Conclusion of the Agreement for the creation and placement of digital signs (tokens);
- Preparation of the Declaration «WHITE PAPER» on the issue of tokens;
- Application from the company for access to information on acts of services rendered and acts of reconciliation and their distribution by e-mail in accordance with the contract concluded with LLC «DFS»a contract;
- Act of delivery - acceptance of work performed;
Organizational moments:
- the customer of the token issue must disclose annual and quarterly accounting (financial) statements on his website; - All token advertising is coordinated with LLC «DFS».<
As we see – significant work on the admission of the company to the issue of tokens is carried out by the specialists of LLC «DFS». The company is mainly required to provide ready-made documents.
Reference:
https:/ /finstore.by/uslovia/poradok-vzaimodejstvia-s
http://www.park.by/content/docs/Regulations-on-Crypto/ICO-rus.pdf
DFS LTD is the resident of Hi-Tech park, and performs as cryptoplatform operator (as stated in Decree No8 of the President of the Republic of Belarus "On the Developement of Digital Economy" dated December 21, 2017)Certificate of State Registration of a Legal Entity No. 192824270 issued by the Minsk City Executive Committee. Legal address of LLC 'DFS': 70 Myasnikova Street, Office 219, 220030, Minsk, Republic of Belarus. Taxpayer Identification Number (UNP): 192824270
