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|
|268 days left|
|Minimum investment||7 ETH|
|Tokens for sale||2700000000|
The idea of establishing cooperation between the government and local communities might have worked elsewhere, in countries that are more pro-crypto, for example, Japan, Singapore, or Estonia. But definitely not in the United States. There is a superb creative blockchain community in the US, though the authorities are far from being open-minded. Therefore, I think that GOVEARN is going to be marginalized sooner rather than later.
Stacy March 15, 2020 Reply
Seeing how the government servant will figure out ways to work with blockchain initiatives would be hilarious, because most of them have just mastered the abacus. Jokes aside, there is nothing bad in trying to get the government involved in blockchain initiatives, but the effectiveness of such an endeavor is doubtful. Hardly anyone would argue the fact that the blockchain technology is tailor-made for the private sector, whereas the politicians are only putting grit in the bearings.
Maxwell January 9, 2020 Reply
I can't comprehend why a lot of people here get so agitated because GOVEARN intends to cooperate with (d'oh) local, and possibly, federal authorities. They have the same government that builds their roads, protects their sleep, and pays pensions or welfare. I get that politicians are mostly crooked and all, but it doesn't mean that the GOVEARN initiative can't be implemented within its structure. In any case, this project is designed to help the communities, not the governments.
BigBoot December 13, 2019 Reply
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