Which bank to choose? - genesisdotre/IslandDAO.github.io GitHub Wiki

Able to provide mortgage

There are a lot of questions and some magic involved.

To buy an island for $1m and to have multiple 4️⃣4️⃣4️⃣4️⃣4️⃣ operating companies (see legal structure) waiting with the clients.

It should be possible to obtain a mortgage to develop real-estate.

The rationale is simple:

  • land
  • business plan, clients
  • but no buildings
  • land can be collateral, the business plan and clients can be the guarantee that it has some merit

Anyone can present a business plan that is total 💩💩💩. It's a different story when you have plenty of clients who pre-paid for the service. That's why one of the questions to the Estonian regulator was:

Can someone buy $1k worth of services that will be delivered in the future?

Transferwise?

Revolut?

Escrow

I would like to ask if you offer escrow services?

I am raising money for a project and I would like to ensure the investors are protected at all times.

On the technical level, the traditional banking system does not have exit scam fraud prevention mechanism and "in theory" I could run away after receiving money.

Being aware of these limitation - your firm has a reputation and is more trustworthy than a "random guy on the internet" like me :)

Alternatively, maybe you have another recommendations how to resolve the situation above?

Ideally (crypto wet dream)

  • Multisig protection trustless control
  • Transparency, open by default, simplified accounting