So, FYI:

The reason that the partnership with Kottackal to audit us is a big deal is because Kottackal helps tech firms get VC in India.  However, to move into that market, you must be compliant, thus the necessity for "auditing" before entering.  Global success standard for "successful" seed funding is $20,000.  Bitland passed that already, so globally have met "success" standards for crowdfunding  That is when you start to get past attention in traditional fintech media, and that is why we have been contacted by many international organizations looking to partner.  Some are just still in the works

http://nextbillion.net/news/press-release-unitus-seed-fund-adds-more-prominent-investors/


November 16, 2014. Bangalore: Unitus Seed Fund, India’s leading venture seed fund supporting startups innovating for the masses, announced that it has now raised over USD $4 million from 16 high net income Indian investors in its Indian rupee fund. Additionally, Unitus Seed Fund announced that leading Seattle area tech executives, including Steve Singh, Diego Piacentini, and Bill Gates have invested in Unitus Seed Fund’s affiliated offshore venture fund. Unitus Seed Fund has more than $20M USD to invest across healthcare, education, mobile commerce & value-added services, marketplaces & e-commerce, retail & distribution, agriculture, water and energy sectors. Unitus has already announced 14 investments in India.

As noted in the September 2014 G8 report on impact investing “…the most common obstacle faced by impact entrepreneurs is securing early stage risk capital.” Unitus Seed Fund and its leadership investors aim to address this challenge through their own work and by encouraging HNI investors to embrace impact more broadly.

“Impact investing is a powerful model with the potential to build markets and drive change for the people who need it most,” said Bill Gates, co-founder of Microsoft and co-chair of the Bill and Melinda Gates Foundation. (Bill Gates’ investment is a personal one and not associated with his foundation’s work.)

“I have invested in Unitus Seed Fund because I believe that Indian entrepreneurs are uniquely positioned to field profitable and scalable solutions that unlock opportunity for the masses in India”, said Desh Deshpande, chairman of Tejas Networks. “The Unitus Group has a track record of finding and supporting the best entrepreneurs who are building impact businesses serving the base of the economic pyramid in India, and making good money at the same time. I hope others will join me in investing in impact funds from Unitus Group and other innovative managers.”

Unitus invests in India through two investment funds: Unitus Seed Fund India, a Securities and Exchange Board of India (SEBI)-registered venture capital fund, and Unitus Seed Fund, LP an offshore venture capital fund.

More than 50 leadership investors have committed to Unitus’ offshore India-focused fund, including Bill Gates (Microsoft, Gates Foundation), Desh Deshpande (formerly Sycamore Networks), Romesh Wadhwani (Symphony TG), Vinod Khosla (Khosla Ventures), Steve Singh (Cleartrip, Concur) Soma Somasegar (Microsoft), Dilip Wagle (McKinsey), Geeta Aiyer (Boston Common), Kamesh Aiyer, Pradeep Singh (Aditi), Bharat Shah (Microsoft), Anoop Gupta (Microsoft), Nagesh Pabbisetty (Microsoft), Prady Misra, Vikram Chalana (Winshuttle). A number of leading foundations have also invested, including Michael & Susan Dell Foundation, Crystal Springs Foundation, Pfizer Foundation, Sorenson Impact Foundation, and others.

New investors in Unitus Seed Fund India include Srikanth Iyer (former CEO of Pearson India), Sharvil Parikh (Phenix Consulting), Kishore Musale (Astarc Group), Jacob Ninan (Kottackal Business Solutions), Aroon Raman (Raman FibreScience). Unitus is currently accepting inquiries from other HNI Indian nationals wishing to participate in the growth of startup businesses.

“We are very pleased to announce our growing group of Indian HNI investors who see the opportunity to invest in innovative high-growth startups serving the masses in India”, said Srikrishna Ramamoorthy, Partner of Unitus Seed Fund. “We are finding a large number of high-quality entrepreneurs in India who are creating disruptive businesses that can deliver superior financial returns to investors while improving the lives of millions of India’s low-income populations.”

Unitus’ fund is open to receive investments from Indian national investors only, until December 2014.

The new investors have joined with founding investors in Unitus Seed Fund India including T.V. Mohandas Pai (Formerly Infosys CFO), Dr. Ranjan Pai (CEO of Manipal Education and Medical Group), Hemendra Kothari (DSP Blackrock), Pramod Saxena (CEO of Oxigen), Hema Hattangady (Conzerv/Schneider), Ananda Kallugadde (Neobytes), Rajeev Bakshi (METRO Cash & Carry), and Ravi Venkatesan (Infosys, Microsoft, Cummins), and other entrepreneurs and business luminaries, listed here.

The G8 report goes on to say “…there is growing recognition that markets and the private sector must play a more significant role if we are to solve or at least make a dent in addressing some of the greatest challenges facing developing countries worldwide.” The 65 leadership investors in Unitus Seed Fund are doing their part.

Based on community response, we are running another Twitter campaign until the completion of Phase 2.  Each action earns 5 Cadastrals, and 5 winners will receive 2,000 Cadastrals each, limit one prize per person. 


Click the image to participate in the campaign!



Cheers!


Chris

Ok thanks for your feedback. Good luck!! Let us know if you need more help from the community.

We need people spreading the word for us!  We can't tell anyone how awesome we think the project is without looking self-inflating and self absorbed, so it really has to be the community who talks up the project.  If you want to see the project succeed, let people know how much you think this project can change things.  You hear people talk about how much money DAO will make, or whatever, but Bitland is about making legitimate change and progress.  If you know people who are into change and progress, talk to them about Bitland.  While there is great potential for economic growth with Bitland, that is not the conversation we are trying to have. 

We just need support!

Cheers!


Chris

What happens to unsold coins? I've been looking for this information and been having hard time finding.

ty

Hello,

Coins unsold during phase 2 will be sold through Omni Layer at a weekly 2% increase.  Since the coin is capped, there is no reason to burn tokens, as tokens going back into the system at any point will be distributed over the next 99 years to coincide with the longest tenures of land in Ghana.


Cheers!


Chris

Quote from: merockstar on April 19, 2016, 04:28:46 pm

Quote

The entire pilot project is being done with the oversight of the Land Administration Project in Ghana.

I hope you don't mind that I just sent LAP an e-mail to confirm this.

If they respond positively I think it will put a lot of people at ease about this, and help garner much more support.

Also thanks for the links above, they were helpful.

been checking my spam, and have not yet heard back.

I don't know what kind of credentials you presented to them in your e-mail, but I am not certain that they will respond quickly.  This is a government agency, and they have elections coming up in November, so I am sure they are extremely busy there. 

Regardless, keep reaching out to your satisfaction.


Cheers!


Chris

Earn 50 Cadastrals with 5 easy tasks on Twitter!

It takes about a minute to complete:

http://www.bitland.world/poa/


Cheers!

Chris

http://documents.worldbank.org/curated/en/2016/02/25909903/ghana-second-land-administration-project-procurement-plan

http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/AFR/2015/09/14/090224b0830dab09/1_0/Rendered/PDF/Ghana000Land0A0Report000Sequence008.pdf

"Strengthening the Policy, legal and regulatory Framework for Land Administration:(Cost $5.00 M)
Decentralization and Improving Business and service Delivery Processes:(Cost $23.51 M)
Improved maps and Spatial data for land Administration:(Cost $31.51 M)
Human Resource Development and Project management:(Cost $10.78 M)"

Quote from: Tabali_Tigi on April 17, 2016, 01:56:30 pm

Quote from: merockstar on April 16, 2016, 10:44:52 pm

Quote

When Cadastrals will be sold to governments, it will be at a VERY different price than currently, as the available supply will be greatly reduced.

It sounds like the people of Ghana could really use something like this. I wish there was some way to compensate investors without charging them for it.

This is the long term goal of the system.  The point is that investors cannot LEGALLY be compensated for "crowdfunding" campaigns in the United States.  That is not legal, period.  So in a system where the long term goal is to allow contracts to be created between investors and developers, the individuals who own Cadastrals will be able to get clear ROI terms at that point in time.  Otherwise, the people who get in phase 1 will be guaranteed that in phase 2 their investment will be at least 3X value.  I would hope people that buy in phase 2 wouldn't sell at a loss.

I hope this clears up that investors WILL get compensated when the government of Ghana is able to back the smart contracts issued by developers.

Cheers!

Chris

I think you misunderstood that one. my logic is if the government ends up buying cadastrals, ultimately ghanian citizens would get taxed to pay for it, I was just pointing out that that kind of sucks, but it's better than nothing. I wasn't expressing further concerns about investors getting compensated, I was brainstorming if there's another way to do it.

I really like your line of thinking, as you're on the same page as us.  The money wouldn't come from taxes.  The World Bank is funding projects like this around the globe, so the money would actually be coming from the World Bank through the government.  You are spot on that for a program like this to TRULY work, the citizens shouldn't be the ones paying for it.  Like I said, we're on the same page, and we will definitely make sure this doesn't happen on the dime of the poorest populations around the globe.

Cheers!


Chris