Tokenized AR

Tokenize Account Receivables 

A company’s tokens are “currency of the realm”: customers procure tokens to pay for the product(s), ecosystem providers are paid in tokens, and the company’s revenue is in tokens which are an hybrid of fiat and cryptocurrency AltaCoin which is initial set to run off MasterCoin of Bitcoin.  Token = Altacoin

  • AD business model will see accounts receivable ENTIRELY in its own tokens.
  • AD sell its received tokens on the open market.
    • Price stability. If the company holds onto its received tokens, the circulating supply is reduced and deflation is produced. That may produce undesirable knock-on effects: customers perceive that the token price will be lower still in the future, fomenting a wait-and-see attitude. This is one reason central bankers are so fearful of deflation.
    • Payables. The company’s account payable will be in fiat currency. Think landlords, non-ecosystem suppliers, etcetera. One can visualize SOME payables in tokens, though the majority of payables will be in fiat currency. And while employee compensation will certainly have a token component, base salary will be in fiat currency 
    • Corporate treasury will sell received tokens in the open market in exchange for fiat currency or perhaps Bitcoin

Why set up as a Wyoming company

Altavoz Distribution, Ltd was established to take advantage of Wyoming push to become the new digital Delaware and have enacted several crypto & blockchain laws to enable our tokenization of AR.

HB62, which would establish that “open blockchain tokens” with certain specified “consumptive” characteristics that were not marketed to initial buyers as a financial investment are (along with “virtual currency”) intangible personal property – and not securities – under Wyoming state law. Under the bill, “consumptive” is defined as “a circumstance when a token is exchangeable for, or provided for the receipt of, services, content or real or tangible personal property, including rights of access to services, content or real or tangible personal property.” HB62 would repeal the Wyoming law passed in 2018 that established an exemption for certain “open blockchain tokens” under the state’s securities laws. According to the legislative findings set forth in HB62, such open blockchain tokens (as defined in both HB62 and the 2018 law) are not securities because a person who is sold that token cannot receive a cash payment or share of profits from a developer, but would instead receive a fixed amount of, or access rights to, consumptive goods or services; and, not being securities, there is no need to specifically exempt offers or sales of such tokens from the state’s securities laws. While the question of whether token sales are securities transactions subject to regulation under the federal securities laws is a fact-specific inquiry and remains not entirely settled, HB62 would carve out a subset of token sales from being classified as such under Wyoming state law