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CEO LETTER
Alteum is a unique organization, one with a broader vision and a wider global reach. We have reshaped our financial ecosystem, adding new product rollouts and more ambitious milestones to our project strategy. Today, we are unveiling a new version of our roadmap for 2018–2019, which has been responsibly crafted to deliver new sources of growth in core markets and to accelerate the adoption of blockchain technology in Latin America.
INEQUALITY causes instability and creates social unrest; a fact well-known regardless of region. Some think it’s a necessary evil — we don’t. We believe that it’s a matter of access to opportunities. We must remember that any economic system is the product of its society, and it can only be as good as the institutions that govern it. Through the tokenization of assets and through the widespread digitization, we can change the way these systems are run through technology, provide ample transparency and more financial access to the Latin population, helping address the growing inequality income gap. Now, the markets have shifted, newer ideas have been developed, and mass awareness has grown to such an extent that it could only require a more complete approach. Yet, we remain steady in our mission to promote transparency and financial inclusion, and though our initial strategy has evolved, we are the same team committed with our core principles and values.
AS WE BEGIN THIS NEW CHAPTER, we want to thank each and every supporter, along with our collaborative partners that share our mission of creating a more equitable society. We want to lead by example, and so, we are officially changing our Corporate Governance Structure, effectively tokenizing our company and allowing every token holder to have ownership. This will help change the investment landscape and transform the way companies are run. Today, we are an organization with a clear vision and enhanced strategy which implements the need for providing more financial opportunities to everyone, all whilst remaining the same progressive organization that aims to push the world forward into a brighter and new positively reformed future. We look forward to expanding our footprint and partnerships globally in the coming year in order to prepare for the greater things to come from here onwards.
Sincerely,
Victor F. Navarro
Founder & CEO
Importance of a Corporate Governance Model
Governance is essential for any company wishing to undertake a responsible business model, one that focuses beyond the internal costs of development, and notices the external ones that affect society. These problems mainly have to do with the difficulty of transaction regulation between the administrative parties and the shareholders. Recurrently, the interests of the shareholders are often not conveyed properly without hindering the ability of an organization to act effectively. Relations between small and large shareholders are regulated to such an extent such that small shareholders cannot participate in any way other than being inactive observers.
We want to help change that.
We want to lead the token revolution by opening the scope and allowing all to invest. Our tokenized shareholder model will not only be inclusive, but it will also offer increased investor protection through the form of compliance backed by assets managed through smart contracts. Any participation income and cash flow that is to be distributed as dividends will be equally divided amongst all shareholders whilst the blockchain model will provide complete transparency for investors. Voting rights for shareholders will be established, as well as access to a higher calibre of investment opportunities. This will all help to enable things such as fractional ownership, automated regulatory compliance(enforced by smart contract protocols), cheaper transactions costs in trading shares(via instantaneous settlement on AlteumX) and more generally, broader and more inclusive access to the security asset class. This will also mean there is less legal risk for the company, as all internal corporate processes will be completely transparent.
Key Additions
Corporate Governance Model
Transition of the AUM token from a “value token” to “equity token” subjected to Company bylaws under federal law to ensure legal transparency and direct ownership rights to investors. ALTEUM will be the first organization in Latin America granting direct ownership rights to its investors, with a token-to-paper governance model that is legally binding and financially secure.
CFD Trading — Contracts for Difference
The AlteumX Exchange will be integrating “Contracts for Difference” a popular form of derivative trading that allows traders to speculate on fast moving prices of assets in various global financial markets. This new feature will allow for short and long trading, in crypto as well as in a variety of Stocks, Indexes, Commodities and Forex instruments. This means our users will be granted round-the-clock access to all the world’s major markets, and will have higher leverage available to them whenever they wish to enter or exit a position.
Alteum Pass
Users will have the option to request their very own ALTEUM Card, funded through crypto or FIAT, for commercial use. They will be able to load their prepaid card with funds directly from their AlteumX wallet, and use it anywhere major cards are accepted. With low, competitive fees, this will serve as another payment mechanism option, works online, offline and internationally, in order to offer users full access to fund any commercial purchases.
Alteum Pay
A mobile app that operates as a crypto payment processing service provider for merchants in multiple venues around Latin America. It will offer mobile checkout services to those companies and business venues that want to accept cryptocurrencies as a means of payment.
AUM Protocol
We are currently in the R&D stage, designing an optimized consensus protocol that will modulate the platform for tokenized real-world assets. This will help to promote digitalization of Latin American companies by offering equity in a governance platform entirely our own, specifically designed for trading and tokenizing securities.
2018
Q3
LAUNCH OF ALTEUMX
AlteumX Exchange Platform goes live opening new opportunities for digital trading within the Latin American market.
MEXICAN PESO (MXN) Fiat Gateway
The first Latin American Fiat Gateway is integrated into AlteumX Exchange platform, for direct trading with cryptocurrencies, and for deposits and withdrawals in MXN.
ALTEUM BLOCKCHAIN SOLUTIONS: Enterprises
Our Business Unit opens, with a distinct service model to create blockchain solutions for enterprises looking to adopt the new technological systems.
Q4
BRAZILIAN REAL
Brazilian Market opening. The second Latin American fiat gateway is integrated into AlteumX Exchange platform, for direct trading with cryptocurrencies, and for deposits and withdrawals in BRL.
OTC CRYPTO TO CRYPTO
Over-the-counter trading for cryptocurrencies will be enabled in the AlteumX Exchange
2019
Q1
CORPORATE GOVERNANCE MODEL
Transition of the AUM token from a “value token” to “equity token” subjected to Company bylaws under federal law to ensure legal transparency and direct ownership rights to investors.
ALTEUM XCELERATOR KICK-OFF
Our tech incubator opens, looking to help create blockchain solution models for enterprises.
STRATEGIC COLLABORATION — TECH HUB
Expanding our reach in the blockchain and fintech ecosystem creating strategic partnerships with enterprises and public sector organizations.
Q2
ALTEUM CARD
Pre-funded cards through the AlteumX Exchange, for immediate liquidity and global commercial use accepted in all major venues around the world.
INTERNATIONAL FIAT GATEWAYS
The opening of five more additional fiat gateways, in Latin America and in other strategic countries around the world.
CFD TRADING
Contract for difference. AlteumX Exchange integrates “Contract for difference” features, allowing long and short trading.
AUM PROTOCOL TESTING
We will begin to pilot-test our AUM Protocol, a blockchain-based platform specifically developed for private enterprise asset distribution.
Q3
OTC CRYPTO TO FIAT
Over-the-counter trading for cryptocurrencies and fiat will be made available on AlteumX.
ALTEUM BLOCKCHAIN SOLUTIONS: Government
Blockchain project development begins, with a distinct service model to create blockchain solutions for governments looking to adopt the new technological systems.
ALTEUM FOUNDATION
Our Foundation gets consolidated as an non-profit organization, one whose mission is to carry out educational projects and socially responsible activities that create more accessibility of new technologies in the region.
Q4
ALTEUM PAY
A mobile app that operates as a crypto payment processing service for Latin American merchants and business venues.
ALTEUM PROTOCOL CONVERSION
Official token swap for AUM and rest of internal projects, onto our own blockchain governance platform, specifically designed for trading and tokenizing securities.
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ALTEUM: https://alteum.io
AlteumX Exchange: https://www.alteumx.com/
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