Can I Sign Montana Profit Sharing Agreement Template

Can i document type sign profit sharing agreement template montana

hello everyone I'm coming from Switzerland isn't she a very ambitious project you're actually creating a completely new type of bank in Swiss this Bank is based on thrillers I have to do it fast I'm gonna be very high level so sorry but uh but the bank is based on rigorous and though kind of fundamental I will see videos of people who's the first one is permissible second stuff is marketplace and third one is okay so let me expand with four reserve is most of you understand it means that we will never ever use the money you deposit with us to learn it up to someone else we will never ever use the money to deposit with us to gamble on the more debt to make profit for our self so we will keep a very simple balance sheet super safe we will never have risky we will never have market risk on our benarjee will never risk you may so we want to be the bank that will have zero waste initiative opportunities so of course as an institution information is privileged to make on balance sheet loans which is pretty much 90% of the revenue visual commercial banks how do we make them well that's my secondary market is we want to basically offer every single banking products and services in the form of market rates and if you understand that it's very similar to what you see with buta or being the etc this is collaborate typically at the end of the day you as a customer you want to have the best product at the best price and on the market business exactly that so they need to example to illustrate that currency Asian currency exchange today you don't know let's say more you're gonna make a transfer to educate you sent a thousand dollars you have no clue how much euros you gonna pay for this transverse up until the wires gone and then of course it's not transparent of course yeah the real piece invented in different England the price of release only difference makes a tracer on targets what we do is that we organize a simple marketplace for people to exchange more Kazuki's so it comes like a very traditional order group that you can find on any big time exchange but here is for all the currencies that you can find on the right well of course some day long how many haven't seen a neck problem because if we have not enough customers and how do we make sure that we have enough liquidity too much all these things together so we built a robot that is basically will be a breeding of bigger than us price and re-executing back to back every time it get matched with brokers index that means that today were already able to offer you currency exchange at the maximum of 2.25 percent margin and that's it that's the worst-case scenario best-case scenario you create to own it and it's free and you can even make money out of it and that's really the idea you have to take orders you need to create a proposition to exchange money and wait to be much and because you were proactive sweeper you or you can basically much the best available pure an offer on the marketplace every every currency per right so you ruled order you whispering etcetera etcetera so of course that comes with the very basic payment systems and banks should we should start whispering system so we offer you 30 different items when you sign up with us 30 different person we format them because we don't understand why it should be random numbers so with a the three last digit 2 input EU or if it's you right now see it's a Swiss franc F and G B D if its authority about etc etc so that you can never get mistaken anymore and of course if you master one where it basically is a single I bet you can predict any currency and it will be allocated to the right supply line of course you have likely route a single part we have the removable host authorization that means that we can delete the found a company in London the URI complement Paris and of course the Swiss bank account in Geneva and of course if you're in Geneva and you do not have to describe well the appearance section is triggered on our marketplace and of course not through visa and here we're talking about fourteen times cheaper than 40% for three times cheaper than when should we get otherwise so this is for the payment useless but not one of the crucial aspect of meant it was sure hoping to replicate this concept of market basis for pretty much each and every banking from in services again let me give you another example which I believe is crucial because this is the very core business of things boom if you look at it from your own perspective as a customer the only thing that you care is that you get the best deal and all your criteria so much you don't care if it's provided by being a packet of ups or even any good the only thing that matters to you is that all your criteria so respected and you get the best ability and that's exactly marketplace we fetch those information for you represent it in the marketplace way that means that everything that comes on top it's actually the best deal but again because it's an open marketplace if you still unhappy with what you've been proposed even do is the best you can find on the market you can create your own deal and let the crop subscribe into it and that's if you look at it looks very much like lending the Hawaii crop and linked up and if you basically here is that people are happy in general when you are investing in providing platform you happy because first of all we intend to in the it was a better year to get into panko device but there is a big hole and this big drawback is that were locked in your investment up until the deal matures and that leads me to the toilet aspect of suspended tokenize because we have here a very cold emission and it's not an admission of more to reality to tokenize the entire balance sheet of the bank of course if you look at it from the balance sheet perspective of the bank liability means the deposit of the right it means you're in storage it's bound in Swiss traffic and of course we got a dream dimension as the or C 20 students issued on both artists K and we have different issues and you would have kept currencies on blockchain that will be able to move just like better and of course here we have a site compliance problem because we are as a bank the custodian of the real money and what we issue and changed us to representation and because we as a bank article again that means that we were responsible for it we're responsible for this money not being in the hand of Panda the no Isis or any terrorist or whatever yeah so we have either the compliance there on top of the determinant work with Ross smart contracts that means ACP we do to civilians there we ensure that people in from the sites within a set of wait list for the tokenizer and that you respect certain thresholds of minutes that have been imposed a new during the key ways to process but that is non aspect that is something that most people want to do and that is unless is only the lady side of the vanishes now we're going to go one step further and actually took a nice asset sale because if you look at it Thanks banking assets there are mostly contracts 99% of banking assets or concerns so what we do is that they take those contracts we hash them and we attach them to smart constructs a simple version of those cons lights so what's the point you would tell me let's go by the example of rule room is actually a contractual relationship you have you think everyone should pay them back the room or the room you have made with them and that is an asset for the bank simply because it yells for them that this asset for the bank isn't antiquity because now they haven't I said yes but if they want to sell it to another bank they say you have to construct relationship ruby has to pay them back your remotes and UBS wants to sell that to transfers what they can but it's going to be costly because they have to do the circle simply because every once you keep on paying them mark if you replace that with smart ones the advantage is here now you're not paying back an iPad but you're paying back in essence even a mr. Gryce yep and what happens here is that the partnership there's no man in spite of smoke except itself that means of them they wanted in UBS on they treat any credits with you don't care yourself paying back the same of us but because it's a token it's divisible and therefore it's also possible for the proper collectivity point and this is where we can enter a whole new set of possibilities for the bank to bring new type of asset those I said at leisure to be traded only Bank bankers or investment bankers the minute the minute it was one minute you can bring it in the form of marketplace tokenizer and I have access to the property when you think about it you can cook a nice big mansion and we think that the bank has in custody and bring it in a fraction to the property if you think about this a nice message the way to finance themselves today even have access because of the blue chips there are the ones that can actually I do I do and raise tons of money so they are local they have no access to that the only way for them to get financed is to remove from their bank and they work very in an inferior position you have your own pizzeria you love your kids are downstairs you believe that this Bazaar is the best of Paris and the game has opened a new one in another face of Paris you shouldn't work so human in and you know this investment opportunities because in your banking ecosystem you can select pretty much the circle of area that you're interested to receive in support and you can really think of many things really far beyond that and any product that is traded on the stock exchange or on the fresh stock exchange payment also brought in to organize the endpoint let me just go this is important to understand this is our exhibition and it's crucial for understanding to understand why we do it it's basically it all started mr. small conference the smart contracts is the base of the entire bank and then on top we build briefs to add new services so of course the traditional payment systems the currency exchange we have negotiated the remote hospitalization was most apart that means that we do the authorization or sell at them that means that began of course they did the pound I come from a very successful central and of course this ecosystem is open for any tech person in this world so common will new FinTech services without having to deal with the important simply because the way we have made our IT is from a simple observation of what's the problem today with index they're one huge big money Maloney's system that is for the core banking system and that's when it becomes offset not worthless you really change it or they use passion on top of it that's what they do today simply because today changing the core banking systems forward or anything it's like running it's like riding a 130 on the highway and you need to change the wheel it's complex of course logistically you can do it but it's super complex and costly it's way easier to stop on the side chain to women go again right so the so based on this observation the way we build it is by creating a set of micro service the communicate three children each of those microservice is basically running in its own technology it's raining in the best technology it needs a great opportunity but the audible is to be super fast so we were working on technology persistency of accounts is presidency and so it will be running another technology etc etc if one of those micro circuits become obsolete we just reconnected Micro serious and not the entire community and all those services or basically communicating to each other and at the center there is a rule engine is the court authority to obey this rule engine makes sure that everything happens within the rule was in set of rules that has been defined we spin up the regulator in Switzerland but also specifically to each and every individual that we have one more did because of course the plumber would not have the same limit as the super high net worth individual and that allow us basically have an open API so that anything and click anything person can work their home service into it and build new FinTech services so on chain it looks like this so in the middle you have the bank the centralized thing because again it's a bank so we need to run it in a very central centralized way on the left this is the they say the legacy payment systems so how does that work every time you deposit the thousand-year overdose we should thousand eruption and this thousand euro is in a wallet at the bank's been sold and that's public option and so these thousand euros or you know what at the bank's control so basically you know in real time entire liability of the bank yes but you don't know who else what because it's a what it owned by you think that means that we are still respecting the Swiss banking secrecy but at least you will know in real time the potential of the bank now when you are about to make a payment out closures you pay today guess be well well symbol we redeem the point unchain we send the money to the corresponding bank that will deliver to you the initial but the end you can choose instead of paintin island to pay to indeterminate and that simple the booking will seem to you from the way we thought well what it you can for your front of what it means for in here there is a compliance issue because depending on the type of a situation we not change you have to comply with certain movin especially when it comes to fiat currency the accuracy is like the most rustic of all that means that we have to make sure that each and every participant within the theater blockchain least weight is first wallet and attach it to a ninety once once that is done exactly now if you look at all the type of assets we can do the opposite way in success rarities is free but we'll remove the privilege if you look at it and four shares when you took a nine shares share so basically what dividends and voting rights now if you only have a token without those privilege it so can it can move freely but again it's not leadership so that means that we can have different type of rules in other to restricts the keyway senior transferability or to that it's completely freely transferable so that she can have it but it's an overseas because you don't have the benefits around it he to do the KYC person then you can get rid of the benefits so let's relieve the division of the bank being the castrating agents for your money your assets and organizing facilitators marketplaces will infiltrate and mmm-hmm they said as a bank you can took a nice pretty much everything there is no limit even arts I mean who has never ever wish to only be yes but of course it's too costly for a single person to own an average person's opponent again as a bank you can whom only PS tokenize it and let the prom be able to own one millions of this because oh and again because it's a token we cannot even a yielding component into it because I guess as a yield as a bank you will you will lose it in the gallery you will within some museums and they will pay for it and therefore you are able to pay the guilt for the token holders that owns it so there is absolutely no deleted organization with the reward of the castilian decentralized custom name that actually own those real assets that has been issued and of course the right honorable profession of it and of course the burning question yes my friends this is already we are working since more than a year now wispy white and of course the thing about break dancer we get regulated as a bank in Switzerland and today the feedback is absolutely amazing so the way we did it is not by going to film I say look this is what we is qualifiers without the other step we said look this is the ambition we have we know it's tricky for you because we know cryptocurrencies because we even want to basically offer items or BTC I advise ETH yeah so not only limiting ourselves with entrances and of course this creates issues for the regulator because if they look at it like oh my god this is it bears some money laundry problems there are in bitcoins in defiance whatever drugs and this online so how do you make sure that you have a process for that so because we know that this could d lay our application for the banking license we have fitted in and we made it in the first version where we say this is a bank on blockchain there's another component so if you look at it the blockchain aspect is the core banking system that you regulate we'll know how it works and we can prove to you that we are on top of everything and we can show and prove to you that better than with their own one of those assets on our debt so that shows them that actually we know how to build this risk we know how to deal with pretty much everything has to do with banks and we have a plan for the next step and again now we are educating the regulator to show them okay this is how you can use an on change the original Pathan this is how you make sure that this funds has been actually has never gone through the the darkened and of course you have a higher retention rate from assets like Bitcoin when they complex because is wait order to proof and and some people are super honest but because they were Tweedy birth parents at some point they own everything in cash and it was local bitcoins etcetera it makes super difficult to actually prove the story that do finances so you have a higher addiction but at least you can still move some of those bodies the easy one they are the one that has participated in the area - - at some point in his life he did with 10k in it he's not super rich it's fine and easy the crew leaders have a move to point so independently you can read it off Shannon documents for the client was when you say its people and this is what now we're looking anything with the regulator sure that it's possible to achieve except deposit within this business I think we don't have time whatever this wasn't the example as for the bank that's just pretty how do you manage how smooth contrast in the image of events when you look at how much money the expense of this middle of this reporting etc is included if you look at it it's super easy today a trader from make a the its trading with Bank B would they call each other they trade on screen whatever at the end of the day because each Bank has its own literally every one of em everybody goes into its own system and addresses at the end of the day Bank a sense of information to thank things he does the same type of fish looks at the two internal versus four they receive from the counter body they look they much or they have to reconcile if it doesn't like also design you have to reconcile and then when they you is all this all these processes is super cost in terms of computed obvious if you located the traded cost 1 million kisses just before it even makes me enough to pay back all of this is reported now if you replace all that it was a simple small country because the game traders are three in contract option so if you replace this with a small princess you shouldn't change what happened is that trades and settlements are only separated by few seconds in the face and that changed the whole game reporting the movie streets it's unchanged it's like there is no like one night overnight batch running and generating reports for you it's there and it's undisputable because at the end of the day post body are reading the same entropy we estimated that you can actually reduce 50% of most of investment max costs today simply by moving training to export and buy juice cases of course Swift as announced that I wanna use blockchain when they say t5 use edge because he doesn't mean it Swift is a centralized messaging boy why would they want to use poaching to make themself irrelevant of course not so it will make the private blockchain and for them it will be more costly to maintain that a central database was an API and you know today we know that all participants why should you do something over it so what uh what do you miss it before you launch the project actually technically why are you here we have you is a partner and we didn't know kind of answered pretty much all the questions of not which made those two scenarios that which then in a very comfortable situation to who tell us as a new bank and not as encrypting and therefore they can really look at the model of n20 sees or whatever and they just say okay so we need also interested in the nail bank so that makes sense and and you come to a space is something we'll discuss next your realtor so that that's pretty much the roadmap we have made is that during your presentation you fluidly move from owning to control back and forth all the time for me there is a conceptual gap here that I don't really understand how do you the Banger ones it all the time so this is pretty much - yeah so a bank journal is it is a customer today you did was it money at the bank actually what should have is not money anymore that's terrible yeah it's a room naturally that's the opposite you are doing a room for the bank so here's your the central your centralized database of who has what but the danger is lndeed what you're talking about the peer-to-peer lending what happens in the case for the faults with a person who lends concentrated punch with ortho/para guarantee they're with other lending actually but I cannot warranty in your own whatsoever so the way it works today is that a new room up of execution of course we're not gonna offer all everything at once so we'll go step by step to release things so the very first thing is to the quality release them that means that those rooms have a realistic electrolytes it can mean for example for reinstatement but it can also mean you look at it because we endeavour also to offer you a Bitcoin deposit and upon advance is to use this Bitcoin as a collateral voice control yeah so basically you put them into default with us and you can let those coin and get the kept on because you don't want to sell those comes to get the money because you still want to be exposed to the market but at the same time you need the money to basically buy something so you can let them have a loan and because it's collateralized that means that there is no risk on this one if you don't pay back to be equated of course we don't offer and and for uncollateralized rooms people are taking words so whenever you organize a marketplace where you have assets that you can buy and sell those assets we all have risk and you will have an essay a picture where you will see okay so this I said proposing this and that is all the specification will have a risk assessment was a great that you will see and it's up to you to decide what type of risk you're willing to take and again here this is this is known for the very proactive users that will do the charity but those that are the passive ones those that do not want to actually they still want to have a yield and because they want to have a yet over the money but they don't want to do this charity they don't want to take the risk everything they will they will be able to use something that we're creating on the site which is the fund so we are having found internally within the bank so that just like you have a saving account your saving account is basically I'm giving the meeting the rights for the thing to do everything they want was good money generate somewhere that you take part themself and give me something here was the fund is pretty much the same idea so instead of putting in a saving account you put in the fund you can drag token money there you have it yells operates and we take care of everything to charity the risk and everything and you just get the yield back but of course you will never get as much money as you would get if you are the proxy here's a cherry picking everything exactly and again here on our site with the with the funds everything will be ever done because it's like a big package so basically average of the risk through having a bigger pile well that's cushion oh it's okay all right thank you you know one less good um well you welcome after two governments became a Sephora eat up question because I couldn't move [Applause]