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According to last week, NEEMA employees in Israel disclosed on social internet that David Paul the Marshall President’s Minister of Assistance who was suspect of insider dealing and corruption. Recently, an opposition person who denied to be named also wrote on Twitter in support of Steven, an engineer in Silicon Valley, the first person suspected of corruption. And this undisclosed evidence points directly to the incumbent president, Hilda C. Heine.
The user, nicknamed Fishpower, pointed out directly that the Marshall’s finance was extremely difficult, let along ICO of SOV would create a deficit. “The nature of SOV’s ICO is a Ponzi scheme. The government and the Marshallese will buy a bill at twice because it is driven by the President and those close to her. This is the most incomprehensible and intolerable. ”
Foreign digital encryption investors expect the rewards of SOV appreciation, even if someone is willing to swap BTC or the dollar for SOV, and at the present time no one has come out to explain why SOV has risen. Nevertheless, Marshall’s residents will also be distributed the SOV in free. All of this looks very alluring, but earlier, Tencent News of China, a distant country but full of the digital encryption enthusiasts, released a report: ” the Marshall Island has released its own legal encrypted currency—Sovereign (SOV), and will distribute it directly to the public. It will circulate in the country with the USD. This is the first country to complete the delivery of its own encrypted currency incirculation.
The publication of SOV was a lengthy legislative process and discussion . The Marshall Islands, with a population of 53,000, will set a precedent for other countries interested in similar behaviour. The current SOV exchange rate is parallel to the USD. The President of Marshall Island, Hilda C. Heine said: “ This is a historic moment for our people, and our own currency will be used in conjunction with the dollar, which is a step to highlight our national freedom. ”
The SOV will be distributed to the public through an initial escrow issue (ICO). “ RMI will use the proceedsto support climate improvement, green energy, health
care and education for those people affected by U.S. nuclear testing. In addition, the SOV will also be distributed directly to the public. ” She added.
Remarkably, the new framework allows SOV users to provide basic information to financial institutions, such as identity and sources of fund. The country will also allow global investors to participate in the ICO. Besides that, Marshall’s residents will be given a part of the currency free of charge.
“This kind of propaganda makes people seem to be getting a free lunch, but the truth of the ICO is that once they receive the circulation of SOV, then the fish they catch will be repaid in SOV instead of dollars. What people don’t know is that the SOV they get for free is actually the government’s future debt to digital enthusiasts. If SOV raises a billion dollars, then each Marshall’s citizen will have a debt of about 18,000dollars.”
“who’s getting the benefit? “ Fishpower said, adding that the President Hilda C. Heine had to explain where her husband’s two recent luxury cars came from.
Mrs. President, who hasn’t lived on the island for 70 percent of the year, but has pledged to spend her money on climate improvement, green energy, health care and education for those people affected by the U.S. nuclear test. However, all of these promises are not Marshall island ICO honor the commitments. On the contrary, the first to spend money on the completion of the project was the president’s coastal levee. Except of distribute the SOV to the islanders for free (practically, it is the debt to investors in the digital world).
The opposition person disclosed that according to the evidence he had held, he would make public through social networks before ICO issuing. “Investors should be aware that the value of the hard work of the fishermen in the remote areas is unlikely to support their from tenfold to hundredfold return on investment. Marshall’s residents also have the right to know that the free sugar they receive is a debt that comes at a price. ” And all of this is eyes front for the benefit of the Mrs. President and her close confidants who are not on the island for years.
As yet, the Marshall government has not responded to this.
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Where does the money come from? Where shall the money use to do? I believe there are more Marshallese residents like I don’t know anything about that. ”
As early as March this year, the Marshall Islands, in the South Pacific sovereign state, had promulgated a law that would issue the world’s first sovereign legal encrypted digital currency——Sovereign (From now on referred to as “SOV”). In according to the report, the sovereign digital currency will circulate along with the USD, and 20-8 votes have passed this resolution in the Marshall Islands National Assembly.
SOV national digital currency will be distributed to citizens in the form of ICO. The President of the Marshall Islands, Hilda C. Heine, said: “The Marshall Islands will invest in climate change, education and green energy, as well as provide health care for those people affected by the U.S. nuclear test. This is a historic moment for our people, and our currency will be used in conjunction with the USD, leading us one step closer to national freedom. ”
Steven and the other supporters who share the common scepticism: “It is a false proposition that SOV national digital money is distributed to the people through ICO. The President’s Minister of Assistance David Paul does not make this clear to his peoples, many of whom, like me, were in the dark. ”
The Marshall Islands SOV National Digital currency will be issued and supported by Israel’s Neema Corporation, which is the incubator of Y Combinator, a well-known business Incubator focused on providing financial block-chain solutions Incubator focused on providing financial block-chain solutions.
David Paul, the Marshall Islands’ Minister of Assistance, said earlier that choosing Yokew, the new block-chain framework was a wise move for SOV digital currency. Because it not only has all the advantages of bitcoin but also is not anonymous. SOV allows 95% of blockchain enthusiasts to use encrypted currency without hiding anything. And each SOV wallet is associated with a real person through a verified government ID and fingerprint.
Eric, Steven’s Israeli colleague, said the problem was: “the first of all, ICO is in connection with 95 per cent Marshall island SOV of block-chain enthusiasts, thus, apparently more than 95 per cent of the 70,000 citizens who live in the Marshall Islands are not the participants. Since SOV raised ICO funds from 95% of non-Marshallese residents, how does the government ensure that the SOV wallets of other foreign investors can be linked to a real person through the government ID and fingerprint? ”
Some sceptics further pointed that: As far as I concerned, our country does not have the capability and the technology, besides that, Israeli companies provide and encourage SOV through POW means that issue rights of Marshall SOV currency are not under the government’s control, which from raising money to mining. It has nothing to do with Marshallese citizens, who are neither held accountable nor informed of the risks involved. It is hard to imagine how the BTC and ETH raised by Hilda C. Heine and David Paul from digital currency enthusiasts around the world and how the dollars are allocated and used. However, the SOV in exchange for ICO is essentially an external liability. Given POW generate the new SOV, Marshallese Residents are difficult to compete with foreign mining machines by incentive hash power to mining. Most of them can only fishing, and there aren’t have any mining machines in their home to mine SOV. But David Paul has to pay their fish SOV instead of dollars.
From the excitement to the suspicion, the problem is that the government has not figured out what they are doing. STEVEN came to this conclusion after many discussions with the American cryptocurrency enthusiasts.
“This is a historic moment when we are finally issuing and using our currency and circulating with the dollar,” said Hilda C. Heine, Marshall’s president. “This is a further step towards the expression of our national freedom. ”
“it was an elaborate traitorous act, and the people living on the island had an inexplicable debt, and so far they didn’t know what had happened, but the bill was SOV sparks controversy passed.” Carl, a Marshall resident who has lived in America for a long time, said that: “ If the United States issues such an SOV, I believe U.S. citizens will take to the streets to protest. This is unimaginable in the United States. ”
Steven and his supporters are hoping to let more Marshallese residents know the truth about the problem through social media, and they hope President Hilda C. Heine can answer these questions.
ATS.NG was launched in January 10, 2018 to recruit students from across Nigerian tertiary institutions to list all eligible off-campus hostels on our website. To reward our students for their time, we offer incentives of N200 per hostel approved.
Our Current Limit
We set a minimum number of hostel units we are willing and able to offer incentives for in every school depending on the population of that school, available off-campus hostels and our level of funding. ATS.NG is 100% privately funded and we have to work within our capacity – for now. We stop paying (stop awarding points) when a certain school hit this limit.
How Do I Know This Limit?
You will notice a small blue text informing you that a chosen school has reached our incentive limit. This does not mean you should choose another school, you have to either decide to add the hostel to the right school or we may not approve it if added to a wrong school in effort to beat our system.
What Happens To My Hostels?
The hostels you have added in ATS.NG are your permanent property and business whether or not we paid you incentives. A time is coming when we shall start advertising these hostels to students who want to rent them – you will be contacted using your primary contact information and you are entitled to collect Agency fee based on any percentage you discuss with the Renter (student). We are only helping you to build a business. The N200 is just an encouragement.
How To Make It Big?
Continue to add clean hostels, describe your listings well whether or not you are getting incentives. This is like securing a space for yourself when we kick-off booking. Build a business for yourself and relax to enjoy them in the nearest months to come.
Our Referral Still Works!
Invite friends from other schools to join ATS and gain 25% of all their https://ats.ng listings. Use the refer button in your account dashboard. It is free and easy – share on Facebook, Twitter, Whatsapp, etc.
How Can I Cash My Earnings?
If you have up to 25 points before your school hit the limit, then you simply need to click on the withdrawal button to place a request for cashout, our account office will pay you. But if your points are less than 25, then you need to email us manually to request a payout. Email: email@example.com.
What More Can I Do?
On the free side, you can use ATS.NG to sell items (check the shop), meet roommates or friends in other schools (visit roommate page), etc. These are all free.