Executed

Proposal to Establish Operations and Investment Company in Japan


ID 599020...6392

ID 599020...6392

Proposed on: Apr 10th, 2024

Proposed on: Apr 10th, 2024

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Proposal

I. Background:

1. Compliance:

   (1) Recognition of digital currency as legal tender; acquisition of digital currency trading licenses;

   (2) Ability to invest and raise funds through tokens, as well as receive investments in tokens;

   (3) Policies such as Pro-DAO Organizations and Digital Nomad Visas are under research.

 

2. User Base:

   (1) As the world's third-largest economy, Japan boasts a large number of investment users, with a high proportion of high net worth individuals;

   (2) Industries such as anime and manga have a strong presence, with a global fan base;

   (3) Similar cultural and user preferences as other East Asian countries.

 

3. AI Policies and Applications:

   (1) The Japanese government strongly encourages the AI-related technology industry, offering numerous policy advantages;

   (2) Abundant AI application scenarios and demands surrounding industries such as anime and manga;

   (3) Favorable international business environment and AI exchange and cooperation environment.

 

II. Proposal Contents:

1. Establishment of operations and investment company in Japan;

2. As the primary operational entity of BytomDAO, undertake day-to-day operational tasks;

3. Serve as the primary entity for external ecological investment.

 

III. Operational Tasks:

1. Formation of Japanese team;

2. Participation in various summits and hosting various online and offline activities;

3. Community building;

4. Establishment of a global ambassador team;

5. Investment and financing.

 

IV. Financial Plan:

1. Establishment of registered company:

   (1) Registration fee: 800,000 Japanese yen

   (2) Office rental: 4,800,000 Japanese yen/year

   (3) Financial accounting: 400,000 Japanese yen/year

   (4) Registered capital: 5,000,000 Japanese yen (can be used for personnel or operational expenses such as travel)

2. Travel and administrative expenses: 9,000,000 Japanese yen/year

3. Personnel expenses: 24,000,000 Japanese yen/year

4. Marketing and promotion expenses: 12,000,000 Japanese yen/year

Total: 51,000,000 Japanese yen.The proposal will paid in four stages, each stage is 1,275,000 yen. According to the rate and price, the total application for this proposal is 6,785,000 BTM.

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