The Decenturion State has reached the planned indicators of attracting startups to the state economy
Last month, the Ministry of Industry accepted 339 applications at the accelerator.decenturion.com web service, 43 startups successfully passed the Accelerator and became residents of the State, the 12 best teams will go on an investment tour to Asia.
September 25th, 2018 - The Decenturion State, using decentralized technologies in the economy, lawmaking and social sphere, has begun to develop a single platform for the interaction between citizens and startups. In addition, an incentive program will be developed with a view to increase the efficiency of the internal market, where the turnover of distributed tokens occurs. Citizens of Decenturion, whose number already exceeds 250 000, thanks to the motivational program will turn from holders of startup tokens into their resellers, advisers and assistants, which will give a powerful impetus to the development of the state economy and the growth of income of its residents.
According to the Minister of Information of Decenturion, Nikolay Evdokimov, the state has defined fundamentals of economic policy and principles for selecting startups. The selection process of the Ministry of Industry of Decenturion is based on two main factors:
● the intersection of the potential audience of startups and the Decenturion citizens, including geography;
● the degree of product readiness.
All startups entering the domestic market use similar token-model and business model:
● the possibility to accept tokens as payment for the cost of goods/services at a market price, but not lower than the price at the emission (1 token = $1);
● the contribution of at least 25% of gross profit for the purchase and the burning of own tokens;
● the implementation of the partnership program with the priority of tokens buy-out from active citizens of the state;
● the development of exclusive goods/services for the citizens of Decenturion;
● the expansion of functions for tokens use, including not only their burning, but also their freezing.
Nikolay Evdokimov:
"We have completely restructured the work of the first investment portfolio, taking into account the experience that was acquired by the Ministry of Trade during its entire period of activity. By conducting an investment tour for startups, we offer the participation in the capital to the friendly investment funds, which means receiving shares of companies. The principle of our work is that we help startups in attracting investments, and in return, we get a small share and the right of the priority sale during the stage of capital raising. This approach allows us to multiply the investment of the seed stage."
The model of work with startups in the Decenturion State is built up in the following way:
Selection of the best startups based on the assessment of their investment attractiveness.
Token Launch in the domestic market of Decenturion, which provides users for each startup, as well as agents responsible for user acquisition.
Financing of startup for the amount equivalent to $100 000, assistance in documentation preparation and the organization of interaction with fund structures and institutional investors.
The share of investors from the first portfolio and the share of citizens are realized during the investment tour with the priority, providing a return of 50% within 3 months from the start.
According to Nikolay Evdokimov, the economy of Decenturion is transparent: the state offers every startup an audience of citizens - consumers and resellers. The startup pays a kind of "tax" to access this growing marketplace, assuming the obligation to direct 25% of the profit for the buy-out and the burning of tokens.
Key advantages of this model:
For investors and citizens of Decenturion: a short cycle of return on investment on the account of the priority of implementation and the minimum risk based on the sales model that uses shares.
For startups: the possibility to attract the audience of users and resellers, as well as to raise funds without investing in the fundraising process and with a minimal financial loss.
For institutional investors: the opportunity to invest in shares of companies with a base of users and resellers at the early stage.
Citizens of the state can receive additional compensation for attracting the best startups to the market and for completing the following tasks:
the conducting of scoring;
the preparation of startups to Token Launch in Decenturion;
the attraction of the best startups.
Information about the Decenturion State
Decenturion is the world’s first state using decentralized technologies in the economy, lawmaking and social sphere, and helping to introduce them to other states.
The state was founded on June 4, 2018. The official date of foundation is timed to the first speech of Decenturion representatives at a special UN event in New York, USA.
The number of citizens for August 2018 amounted to 250,000 people. It is expected that their number will grow to 1,6 million by 2019. Decenturion takes the first place in the world for the density of dollar millionaires per capita, the level of education and the level of IT literacy.
At the moment, Decenturion is in the process of acquiring a territory that will allow it to obtain the status of an independent state and in accordance with the regulations, to join the UN.
Official channels of the Decenturion State
Website - https://decenturion.com/
Facebook - https://www.facebook.com/decenturionapp/
Telegram - https://t.me/decenturion
Twitter - https://twitter.com/DECENTURIONOF
Medium - https://medium.com/@decenturion
YouTube - https://www.youtube.com/c/DecenturionState
Contact Information
For media requests - Ministry of Information [email protected]
On employment issues - Ministry of Labor [email protected]