RE: BitShares - The World's First Bible, Constitution and SEC Compliant Blockchain
SOCIALMARKET.com will be the first Bitshares Marketplace to accept BITUSD and GIFT Currency. GIFT Currency is an industry first in that it is governed through by-laws of a Legal Cooperative Association that is exempt from certain securities rules and allowed to issue shares without SEC registration to members and investors. SOCIALMARKET and GIFT are currently the only known projects to defend Life, Liberty, and Property (Fruit of Labor) granted rights. GIFT compensates labor on a 1:1 basis dollar for dollar or each GIFT purchase and community investment. Until there is a better solution this meets the 100% Fruit of Labor criteria for a successful open cooperative. GIFT is 100% free from sales taxes and income taxes by intelligent design. We will all be more than happy to pay the capital gains taxes each year when GIFT appreciates in value. GIFT is evergreen and because of its protection by co-operative by-laws it is designed to only increase in value. Any member that sells GIFT Currency for below SOCIALMARKET value will be blacklisted on the bitshares dex. Currently no other token or coin can grow exponentially due to free market forces. SOCIALMARKET GIFT Currency is the only token that is governed by its members to only increase in value so members receive discounts on products and services for supporting the cooperative . Community investors can exchange GIFT for BITUSD on the dex or for purchases on SOCIALMARKET.com The open cooperative's bitshares account naming system allows your photo I.D. card to be used at local social enterprises as a debit or GIFT card.