“Creating a gateway between banks and cryptocurrencies”
Mothership, a digital asset exchange, has launched offering a cloud hosting platform and wallet for blockchain financial services around the Estonian e-residency programme.
The start-up is the “first company of its kind” to integrate with e-residency. As reported in May, the Baltic state unveiled this programme to let anyone apply to join its new digital nation and register a global EU company that can be managed online from anywhere in the world.
Mothership founders Arseniy Zarechnev and Anton Egorov are partnering with Oleg Gutsol, a “serial entrepreneur” and now the head of global growth at e-residency.
Gutsol says Mothership is providing a “clear legal framework and a token market for start-ups in the blockchain space and creating a gateway between banks and cryptocurrencies”.
Mothership’s services are available to anyone, but those with e-residency will have access to further unspecified security features.
As well as being an exchange, Mothership will be a serverless platform for apps. The firm says users will be able to build trading bots, payment gateways or any other apps using any programming language.
Mothership will act as a new wallet that’s connected to each user’s e-resident digital identity. This is intended to protect funds with digital signatures, and is planned to “streamline spending and saving decisions”.
The start-up is also raising funds through a token sale built on the Ethereum platform. Of a total 200 million ERC20 tokens, 70% have been supplied for purchase in this round; 20% of tokens reserved for purchase by investors (who assist the project in non-monetary ways including advisory, networking, and smart contract reviews); 5% of Mothership referral programme (MSP) tokens earned through the MSP in this fundraising round; and 5% of MSP tokens to be reserved for the team and advisors.
The token sale ends 26 July 2017, or when all tokens are sold.
