NON-BINDING NOTICE OF INTENT FOR LAUNCHING UTILITY TOKEN ON PROTON ($XPR) — Open Letter from UBITQUITY Founder & CEO
Dear community, customers, partners, affiliates, et al.
We are presently looking at launching a utility token on the Proton ($XPR) blockchain to be used exclusively (for now) for our newly launched NFTitle™ platform for the purpose of offering a secondary option besides Polygon for minting real estate title documents. NFTitle™ creates a Non-Fungible Token (NFT) and a blockchain hash, with the minted files (a coversheet and the PDFs or .zip files) stored on the Google Cloud Platform (GCP) and InterPlanetary File System (IPFS)/Filecoin.
Our utility token on Proton will ensure super-fast transactions at an extremely low cost. The Proton community has been incredibly supportive of Ubitquity and our initiatives ever since we announced our partnership with Proton on September 15, 2020, so launching on Proton is a natural and obvious decision.
The launch of our utility token will of course be subject to an opinion letter by our legal counsel and possibly other parties. We will be filing an exemption with the Securities and Exchange Commission (SEC) as well since we are a Delaware-based Limited Liability Company (LLC) that will be offering our token to Americans.
For the last seven and a half years of business, we at UBITQUITY, LLC have prided ourselves on taking a pragmatic approach to everything that we do, and that includes decisions related to the prospect of launching a token. We refused to launch an ICO in 2015–2017 when we had a chance as we felt there were too many legal question marks for us, and it was only when we finally built out a successful flagship product, NFTitle™, which has processed over 15,000 real estate records with several companies that we decided to (hopefully) attach a utility token to it.
Now the time has finally come! Details will be made available soon. Thank you for joining us on this exciting journey as we work diligently to revolutionize the real estate title industry and optimize the world…
ONE BLOCK AT A TIME®.
Sincerely,
Nathan Wosnack
Founder & CEO
UBITQUITY, LLC
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Disclaimer: NOT AN OFFER TO SELL SECURITIES. Information contained on this Medium post is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Read the full Securities Offering Disclaimer. Not a Broker-Dealer. Ubitquity is neither a registered representative under the Financial Industry Regulatory Authority (“FINRA”), a member of FINRA or associated or Affiliated (as defined below) with any member of FINRA, nor a broker-dealer registered with the SEC under the Exchange Act of 1934 (“Exchange Act”) or engaged in a business that would require it to be so registered, nor is it an Affiliate of a broker-dealer or any Person engaged in a business that would require it to be registered as a broker-dealer. Read the full Broker-Dealer Disclaimer.
