GOVEARN is a blockchain platform that will enable governments and communities to collaborate on different socially beneficial projects. It was developed by the eponymous public benefit corporation established in 2016. Currently, the project conducts the sale of their ERC-20 tokens with the ticker gDLR.
GOVEARN has set itself the task of creating the first ever blockchain-based platform that enables fruitful cooperation between governments and various representatives of public and private sectors.All interactions within the framework of the platform, which includes both legal and financial, are conducted through the effective use of Ethereum’s smart contract since the entire platform has been built of that particular blockchain.
The use of smart contracts will enable a far more transparent and seamless economic activity, not to mention the unconditional implementation of all agreements, thus ensuring the creation of sustainable profitability along with safer investment opportunities and exit strategies.
More specifically, GOVEARN works towards funding and providing multilateral support for public benefit projects initiated by governments and communities alike, thus promoting the values related to corporate social responsibility. Their primary focus in on creating affordable housing and providing decentralized energy services that might put GOVEARN ahead in the global battle against poverty.
GOVEARN introduces two types of tokens: the utility token named bDLR and the security token - gDLR, which can also be labeled eDLR, depending on the participant’s preference. The main difference between them is that bDLR can be used to gain access to the platform and certain types of services while eDLR comes as the equivalent of currency that can be used for either investment or trading purposes.
As the whitepaper has it, the bDLR serves merely as an indicator of investors’ interest in the project and the overall realization of the proposed concept. The team places a particular emphasis on the fact that gDLR can’t constitute an investment and can’t be used for financial interactions.
The gDLR token, on the other hand, is the monetary unit designed specifically to fuel all economic activities that take place on the GOVEARN platform. Basically, gDLR serves as an investment stake in the given governmental project, the price of which is determined in relation to the project's needs and specifications. This token can be sold to transferred freely to other platform members. Moreover, the users can make an exit from a project using gDLR, in other words, cash out on their investment. Should a user choose to stick with a project until its conclusion, he will receive his initial investment back along with the corresponding interest.
Both these team members have successfully passed the KYC procedure.
GOVEARN organized a very prolonged ICO that will last until December 31, 2020, so there is more than enough time for investors to jump onboard. bDLR is the token that had been put up for sale with the price established at 0.000777 ETH a piece. The minimum investment is 7 ETH, which is quite substantial a threshold. The only medium for purchasing bDLR is Ethereum. All investors must pass KYC. Citizens of the United States are barred from the ICO.
Author: Alex Paulson for Crypto-Rating.com
|Start||June 23, 2019|
|End||December 31, 2020|
|465 days left|
|Minimum investment||7 ETH|
|Tokens for sale||2700000000|
Govearn proposes the idea that might sound sophisticated, but in reality, it is short of being ridiculous. I mean, we all have seen how "friendly" the U.S. government officials are towards blockchain projects when they lashed out on Libra for trying to push them slightly from the global financial flows. Besides, where's the guarantee that the government would be willing to cooperate with the citizens efficiently on any project. The government is defunct, and no blockchain will help in that regard.
The US and sanctioned countries are restricted from participation and all info on team is available on website and dozen external sources
In my opinion, the task presented by Govearn is infeasible, at least in the foreseeable future. Judging from the fact that the US government greets nearly all major blockchain project ‘with open arms”, I would say that this project is bound to stay at the local level for a long time, if not forever. Maybe if they tried to realize this idea in some other country - Japan or Estonia, for instance, - where the official stance of this technology is not as conservative as in the States, then Govearn might have enjoyed a relative success. But as things stand now, I highly doubt that the project will ever get a global recognition.
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