Post written on February 1, 2021 and updates as of July 6, 2022
We are glad to inform you that on January 28th, 2021, the Estonian Government granted us the licenses for being able to sell our token.
The Estonian Government changed the requirements needed for getting and keeping licenses grating rights for selling virtual currencies (https://www.riigiteataja.ee/en/eli/502122020004/consolideand) we have been working on this since we were informed, on July 7th 2020, that we didn’t comply with new requirements.
These are the details of our new license:
License number: FVT000423
Area of activity: Providing a virtual currency service
Type of activity:
1)Providing services of exchanging a virtual currency against a fiat currency
“It allows exchanging fiat to crypto, crypto to fiat”.
2)Providing a virtual currency wallet service.
“It allows providing virtual currency (hot and cold) wallet service in the framework of which the company generates keys for Clients or keeps Clients’ encrypted keys, which can be used for the purpose of keeping, storing and transferring virtual currencies.
3)Providing services of exchanging a virtual currency against a virtual currency
“It allows exchanging crypto to crypto”.
- Smart contract audit: On June 26, the very well-known CyberSecuirty services company Red4Sec (which has provided services to famous crypto projects such as Neo, QRL, nano…) successfully audited our Smart Contract.
Updates as of July 6, 2022
The “Proof of Feedback” protocol is being developed between the companies Easy Feedback Token OÜ and Easy Feedback S.L. Easy Feedback Token OÜ is established in Estonia for being pioneers in legislation for the sale of crypto assets. After obtaining the license as shown at the beginning of this post, we began selling the EASYF token from Estonia. Starting from July 7, 2022, the Estonian government changes the requirements to maintain this license. As we will no longer need to act as a cryptocurrency exchange or financial services provider, it is unnecessary to continue with the license to sell our utility token, as we can sell the tokens from Easy Feedback S.L. For this reason, we stop selling the EASYF token from Easy Feedback Token OÜ. We will transfer the remaining tokens and sell the token from Easy Feedback S.L. because it is operationally simpler for us. Easy Feedback Token OÜ continues its development and programming activities for the “Proof of Feedback” protocol, and Easy Feedback S.L. also continues to develop the easyfeedback.com platform where the “Proof of Feedback” protocol will be integrated.
If you have any question, please write us at [email protected].
Join our Telegram group and follow us on Linkedin, Twitter and Facebook in order to be up to date with the project.
The EasyFeedback team