Crypto Pacitan : SPINDLE

SPINDLE itself does not mean to deny decentralization, and merely raises the concerns of advocacy for utopian socialistic and unrealistic ecosystems and the lack of criticism against decentralization potentially limiting the spread of cryptocurrencies. By writing out these concerns in the beginning, SPINDLE hopes to take a stance against decentralization in a fallibilistic manner.

SPINDLE’s concern is that the rise in ICOs and cryptocurrency in 2017 will lead to increase in government crackdowns, which will create a new controlled society and will negatively aﬀect the development of a free economy.

SPINDLE’s belief is that conscientious, autonomous people serve as the spiritual pillar of SPINDLE and that many of its investees will be people from the ﬁnance sector who will have ﬂed the strict regulatory control of the ﬁnance world. However, in its current state, only virtual currency hedge funds (ICO tokens are, of course, excluded) from the following areas are accepted.

1: UK

2: EU countries in NATO

3: Canada

4: Operators with US citizenship who properly declare their taxes

5: Japan

6: Singapore

7: Oﬀshore areas in Europe (Excluding Cyprus)

However, many countries are ill prepared to tax tokens from the numerous virtual currency hedge funds, so many token tax systems are set in Switzerland, Singapore and oﬀshore areas. Therefore, depending on the residing country of the fund representative, regulations may be subjected to changes.

Prohibited areas

1: Oﬀshore areas in the Caribbean Sea, Indian Ocean and Paciﬁc Ocean.

Areas subject to consideration

1: China

2: Russia

3: Hong Kong

4: Malaysia

SPINDLE Token overview

Currency Symbol SPD

Blockchain ERC-20

Currency Type Utility Token

Planned Token Issuance Amount 10,000,000,000 SPD