Hi First name,
Thank you for your continued interest in our efforts to turn Unicoin into a leading cryptocurrency brand!
Once our shareholders approved the transfer of “essential managerial efforts” from Unicoin Inc. to Unicoin Foundation, we started to compare jurisdictions for setting up the Foundation.
The AI-generated summary below is consistent with other materials we’ve reviewed.
My initial inclination was to form the foundation in Switzerland, the top-rated jurisdiction, but the process may take 3-4 months there. It’d be frustrating to wait until mid-spring for the paperwork to be completed.
Thus, the Cayman Islands look to be a more suitable jurisdiction for Unicoin Foundation. It ranks second, and the Foundation can be created there in a matter of days, instead of months.
The Foundation may later open physical offices in Switzerland, Dubai, and other major crypto hubs, when needed.
Unicoin holders will vote on key decisions of the Foundation, including the appointment of Directors and key executives.
Wishing you a pleasant weekend,
Sincerely,
P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. “Unicoin USA” term is occasionally used for Unicoin Inc., a Delaware corporation. My past updates can be found at u.site/updates
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