Under Rule 506(c), issuers may offer securities through means of general solicitation, provided that:
• all purchasers in the offering are accredited investors,
• the issuer takes reasonable steps to verify their accredited investor status, and
• certain other conditions in Regulation D are satisfied.
This Offering is limited to accredited investors only
An “accredited investor” is:
• a bank, insurance company, registered investment company, business development company, or small business investment company;
• an employee benefit plan (within the meaning of the Employee Retirement Income Security Act) if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million;
• a director, executive officer, or general partner of the company selling the securities;
• an enterprise in which all the equity owners are accredited investors;
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence;
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.
Gorbyte’s goal is to build the future of blockchain technology:
- a fast and scalable network infrastructure and
- scalable blockchain applications.
The network (GNodes) is a crypto network based on a new distributed consensus model and a distributed application model, that will support a distributed operating environment for running future blockchain applications with large data exchange requirements.
We have identified several challenges and limitations of existing un-permissioned crypto networks, including lack of scalability, low throughput and high cost of operation.
Our approach to solving these challenges is through a distributed majority agreement protocol that doesn’t require miners or verifiers. All network nodes participate in the verification of transactions and assemble their own replica of the blockchain. This mechanism is independent of network size.
In addition, through the unique identification and registration on the blockchain of the parties involved, applications can be developed to exchange large amounts of data off-the-blockchain directly among verified parties. This will restrict the use of blockchain for truly critical information and will ensure scalability of both the blockchain and its applications.