I want to find out if i could build an ICO (Initial Coin Offering) based on the following concept. I just need a bit of legal advice on how whether or not such a concept is legal and the best way to move forward. Here is the concept basically:
World dolphin, porpoise, and whale populations (Cetaceans, marine mamals) have decreased significantly over the last 30 years, with some. Cetaceans are made up of over 30 species. Some of these species are on the verge of extinction. This has been largely due to over fishing and indiscriminate fishing practices, loss of habitat, and loss of feeding grounds.
If this trend continues, our planet could be deprived of entire families of highly intelligent, graceful, ocean dwelling mammals within 25 years. Our children and grand-children may never experience the joy of hundreds of dolphins and porpoises playing off the bow of our boats, or have a chance at one of those life changing interactions between our species.
Currently there are a few excellent organizations staffed by professional and highly dedicated people from various fields of science as well as environmentally conscious volunteers that are making headway in the preservation of dolphin, porpoise, and whale populations around the world.
The Dolfund Foundation and the Dolphin coin DOF is designed to raise funds for preservation of Cetacean mammals through an ICO that would channel donations to non-profit organizations dedicated to preservation of Cetaceans.
Would-be donors purchase a coin that can be sold to other donors or donated to the non-profit organization of their choice. In the situation where the coin purchaser trades the coin, 20% of the coins value is donated to the non-profit foundation of their choice at each transaction.
Coin owners may choose to keep their coin allowing it to accrue value then donate, or they may choose to purchase and immediately donate.
to coin In a few paragraphs, explain the information your white paper will cover. This section should give people a reason to continue reading. Be sure to summarize your main points and key takeaways.
Any of the non-profit organizations selected as beneficiaries by the Dolfund foundation may cash in their coins at full market value at any time.
Will this concept fly????
We, the prime movers would get paid in coin at time of pre-offering.