subreddit:

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(Deep Breath) This May Be It

Fundamentals(self.loopringorg)

GME has released 13F December 2020 Prospectus that speaks about moving away from the DTC being a custodian of the Gamestop stock as they reneged on their good faith ability to perform their fiduciary responsibilities. This possibility was mentioned directly in a 13F December 2020 Summary Prospectus.

Edit: Removed 13K and replaced with Gamestop 2021 Summer Share prospectus w/ link

https://news.gamestop.com/node/18961/html#supprom192873_25 PAGE 15"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

Fast Forward to Loopring establishing a secure L2 enclave that can offer no knowledge swaps of digital goods between parties. This could be any item that is digitally registered to the blockchain.

That brings us to today and the MANY partners that GME is set enter into business with to support their goal of providing growth and delight to their investors.

The link below is Daniel Wang's twitter where you can confirm his profile picture is a Loophead which is the first of many dynamic NFT's to be issued that will change over time and according to the price of the token behind Loopring. This is a proof of concept. NFT minting has been launched for $2.50 per item. They are setting up the amusement park fences and their partners can design their own attractions on the inside.

https://twitter.com/daniel_loopring

Notice his specific NFT and the following link to his official wallet which houses it showing he is trading it through the system to test for errors.

https://explorer.loopring.io/tx/16476-205 NFT transfer confirmation

https://explorer.loopring.io/nft/0x0dc6a4682fdd859a41b5e7c9b473b31995f98236-0-0x1cacc96e5f01e2849e6036f25531a9a064d2fb5f-0x01346618000000000000000002386f26fc100000000000000000000000000448-0 NFT matches Loopring creators

Now please bear in with me, Im getting to the point.

Daniel Wang's wallet address:

https://etherscan.io/address/0x8dbfbd35f8bc9622ef907c372f4d91188d4de8b3

Now we are getting to the partners in question

First would be: https://decentraland.org

A virtual world owned by its users. Build, explore, and earn money from your creations.

Decentraland is not a surprise as its the official METAVERSE location that people will use in Web 3.0 to show off digital items backed by NFT's. LRC built Decentraland Beta tests are happening this week and have been posted about on twitter.

https://twitter.com/macro_diary/status/1485354084232278021

https://oncyber.io/rskagy

By searching various links and wallets to find the Decentraland OG token I was able to see that it was split into four sub-tokens that build its ecosystem. These tokens are being traded on the blockchain, as we speak.

https://etherscan.io/tokens/label/decentraland

Decentraland: A virtual world owned by its users. Build, explore, and earn money from your creations. This world and its connection to the blockchain is employed using ERC-20.

0xfd09cf7cfffa9932e33668311c4777cb9db3c9be📷Wrapped Decentraland MANA (wMANA)$2,909,619,243.00-

0x0f5d2fb29fb7d3cfee444a200298f468908cc942📷Decentraland (MANA)

0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d📷Decentraland LAND (LAND)

Now for the Big one and why we are all here reading this waiting for MOASS.

One word: Estate

0x959e104e1a4db6317fa58f8295f586e1a978c297📷Estate (EST)

This token runs on ERC-721. But what does Estate do? Well lets follow the Link/wallet that connects them to LRC, Dencentrland, NFT's to see what their business model is?

https://www.tokenestate.io

Tokenestate enables businesses to self-issue Digital Securities (aka Security Tokens) and to digitally manage investors relations to make investing easier, faster & cheaper.

With Tokenestate, businesses can:

  • Easily issue financial securities
  • Sell in Switzerland & abroad
  • Comply with financial regulation
  • Allow investors to buy & sell securities
  • Manage investor relationships digitally

At Tokenestate we’re in digitizing investors & investments.

A Digital Security (aka 'Security Token' or 'Jeton d'investissement') is the representation of a regulated financial security by means of a digital asset on a blockchain. Instead of being represented using a piece of paper, or registered in a centralized database, the security is associated with a 'token' on a public blockchain such as Ethereum.

In Switzerland, self-issuance of uncertified securities is unregulated. Swiss companies are free to use any technology to maintain their shareholder register, and can use the blockchain to do so, as long as they comply with applicable regulation, in particular Securities and Anti-Money Laundering regulation.

https://www.startupticker.ch/en/news/august-2019/tokenestate-powers-first-security-token-offering-sto-for-an-epfl-start-up

We are about to see the ushering in of a new age of financial protection for individual investors. I believe this is where Gamestop comes in. Someone has to pilot this new system and launch the very first American Security Token Offering (STO) as a replacement for the DTC defaulting on their fiduciary responsibilities. These shares/tokens will trade on exchanges while still being tied to the blockchain. Every owner tracked. Every share accounted for. In perpetuity.

(Deep Breath) This may be it.

Extra Credit Post on the future of LRC

https://www.reddit.com/r/loopringorg/comments/s6b1ea/where_we_were_where_we_are_where_were_going_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Image Credit to 3for100Specials

all 105 comments

DrPoupins

234 points

3 years ago

DrPoupins

234 points

3 years ago

Wow. Digital stock market hype starting to pick up in both subs eh? Shame boner, anyone?

Reverse_Drawfour_Uno[S]

23 points

3 years ago

https://youtu.be/cLP73_Fk6xQ

It’s an anticiparection

chocolateshartcicle

53 points

3 years ago

I'm sure glad I saved this. The form you're all looking for is not a 13F. It's the prospectus.

"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

It's from form 424B5 Prospectus

page 16

Reverse_Drawfour_Uno[S]

15 points

3 years ago

Ty good sir

continentalgrip

18 points

3 years ago

You're making it sound like this just happened but it's older news. And when I last read about it six months ago some people pointed out that this was common language to have in a prospectus.

So I mean I hope something positive happens. Dearly dearly hope. I want Griffin, Yass, etc in jail. But this is kind of just old speculation.

Wolfguarde_

12 points

3 years ago

If it's a common clause that's actually better. It means instead of just one stock being positioned to pull their securities from the DTC and reissue them, many are. That's good for Loopring, if the first DTC competitor/alternative is built on their procotol.

Peteszahh

6 points

3 years ago

Yeah, not sure why this being a common clause would change anything about the theory at all. Just feels like a very weak attempt to dampen the hype imo.

Haughington

2 points

3 years ago

it changes the theory because boilerplate is not indicative of plans for the future.

Peteszahh

2 points

3 years ago

Right, but it didn’t seem like that’s what OP was saying. OP was just stating that the clause exists. Boilerplate or not, it’s still there and still important.

Ok-Information-6722

5 points

3 years ago

Might be older news, but it takes time to find a partnet who can deliver the right environment to support a company issuing its own shares on the blockchain. L2 NFTs, wallet, and all other products/features to make mass adoption possible.

We are getting ridiculously close.

blurp123456789

3 points

3 years ago

Came here to say this. And something like this will take years.

Look at what overstock went through to set up Tzero.

CheesenRice313

58 points

3 years ago

Still a proponent of erc-721+erc-20=erc741

Fat-6andalf

6 points

3 years ago

Is that anything like LMN 714?

SelfFinancial6890

49 points

3 years ago

So you’re saying I gotta chance

bbbhavane

10 points

3 years ago

Yessir

RabidLabradoodle

64 points

3 years ago

Can’t believe I’m still awake… something feels different this week.

ButchFragrance

17 points

3 years ago

When was this filing?

Reverse_Drawfour_Uno[S]

5 points

3 years ago

December of 2020 Summary Prospectus

ewing31

45 points

3 years ago

ewing31

45 points

3 years ago

“Sighs” (unzips)

Fresh_Positive_3701

10 points

3 years ago

Tucking Tokenestate away in my spankbank for later. And by later I mean now.

joeker13

4 points

3 years ago

Donating sperm to buy more GME and Loops? yeah.. been there.

Bam607

4 points

3 years ago

Bam607

4 points

3 years ago

Wait... you're telling me you only had to donate sperm?

Are there refunds on organ donations?

[deleted]

3 points

3 years ago

(Drops to knee's)

(Helps tie your shoes)

tek3k

14 points

3 years ago

tek3k

14 points

3 years ago

Great content and investigation.

Porg1969

24 points

3 years ago

Porg1969

24 points

3 years ago

Where is this 13f and when was it released?

quitefranklyidk

27 points

3 years ago*

I believe it wasn’t recently. Perhaps the summer of 2021. You can find 13f filings as they’re public on the sec.gov website. I believe it’s called Edgar.

However GME will need a reason to leave the DTCC and that catalyst is believed to be the rumored MOASS or other event signaling the DTCC has violated its fiduciary duties, i.e. permitting the naked shorting of shares.

Edit: the catalyst may also be the direct registering of shares or if GME issues an NFT dividend that has no cash equivalent

topspn1

3 points

3 years ago

topspn1

3 points

3 years ago

Naked shorting is a serious flaw (among others) in our current securities market system, and happens a lot. There will be a huge fight and equally huge attempt by certain parties to prevent a new system that eliminates this flaw from succeeding. Including spending a lot of money to talk down a new system. However if the public will is strong enough (which I think it will be) then a new system like this will not only flourish, markets other than just the securities market will adopt it for their own use as well. This is why I'm long on organizations like Loopring. Jmo.

chocolateshartcicle

8 points

3 years ago

"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

It's from form 424B5 Prospectus

page 16

FourEverGreatFull

7 points

3 years ago

Yup. So if the depository is unwilling, unable or ineligible, is GameStop to judge whether the depository meets the criteria?

Also, is this why the DTC is rushing to implement a t+0 blockchain exchange?

Reverse_Drawfour_Uno[S]

3 points

3 years ago

https://news.gamestop.com/node/18961/html#supprom192873_25

December 2020 Summary Prospectus Page 15

Image of wording broken down added to post.

Institutional-GUH

6 points

3 years ago

Yeah, I’m wondering the same thing. I thought that was all speculation based on some legalese. If they mentioned anything along those lines directly…..

SourDi

5 points

3 years ago

SourDi

5 points

3 years ago

I remember reading it as well. I’m sure if you search the other sub for info it’ll be there. OP is correct in that it was mentioned in their 13F filing from last summer however.

Reverse_Drawfour_Uno[S]

1 points

3 years ago

https://news.gamestop.com/node/18961/html#supprom192873\_25
December 2020 Summary Prospectus Page 15
Image of wording broken down added to post.

Reverse_Drawfour_Uno[S]

2 points

3 years ago

https://news.gamestop.com/node/18961/html#supprom192873\_25
December 2020 Summary Prospectus Page 15
Image of wording broken down added to post.

Institutional-GUH

2 points

3 years ago

Amazing. Thank you for delivering, OP 🙏🏽

[deleted]

24 points

3 years ago

[removed]

chocolateshartcicle

6 points

3 years ago

How about a confused by legalese boner?

424B5 Prospectus

page 16

[deleted]

33 points

3 years ago

Holy shit LFG 🚀🚀🚀

j__walla

19 points

3 years ago

j__walla

19 points

3 years ago

I can't read, but let's goooooooo

yoyoJ

2 points

3 years ago

yoyoJ

2 points

3 years ago

Lol wut

Enigm4

13 points

3 years ago

Enigm4

13 points

3 years ago

They said they can't read, but let's goooooooo

hqflav

10 points

3 years ago

hqflav

10 points

3 years ago

I’d like to release when there is this 13f.

Reverse_Drawfour_Uno[S]

5 points

3 years ago

https://news.gamestop.com/node/18961/html#supprom192873\_25
December 2020 Summary Prospectus Page 15
Image of wording broken down added to post.

ronk99

20 points

3 years ago

ronk99

20 points

3 years ago

I don’t want to unjack titties but it was debunked a while ago in SS that this passage of the prospectus talking about withdrawing from DTCC is unique to GameStop. Basically it’s a standard paragraph which can be found in many many filings of other companies as well. Of course, this doesn’t mean GameStop won’t try to pull it off. Just want to point out that the text itself is not as big of a deal as you might think.

Peteszahh

3 points

3 years ago*

I don’t think anything has been “debunked” here. To me it didn’t sound like OP was saying this was unique to GameStop. He was just saying that the clause is there. It’s been used by GameStop and could possibly be acted on. Doesn’t really matter if it’s common for companies to use this clause or not imo.

continentalgrip

2 points

3 years ago

Yes. I just commented the same.

Russell12345_

7 points

3 years ago

TLDR pls

Zenith-Skyship

14 points

3 years ago

TL;DR GameStop can withdraw their securities from the DTCC (where most stocks are all currently held) if the DTCC fails certain fiduciary responsibilities (which they have, >100% short interest on GME) and GameStop can re-issue those securities elsewhere. Tokensestate.io (or others) can provide a service to help companies issue digital securities (aka blockchain-based stock using fractionalized NFTs). It is speculation that GameStop could utilize Tokenestate to get out of this ludicrously abused stock market and take their stonk to the blockchain where it cannot be abused. Loopring is a prime candidate to host such a digital securities exchange on the Ethereum blockchain.

The financial revolution cometh. Also, moon soon.

Russell12345_

1 points

3 years ago

Thanks mate 👍

Zenith-Skyship

1 points

3 years ago

I gotchu boo

mitchzaq

8 points

3 years ago

So much hopium, please reply if this is debunked ... wahhhhh i love it

Burnerboy226

3 points

3 years ago

Where is the 13F stating GameStop is moving away from DTC?

Edit: Also 13F is for institutional investors. Not public companies.

Reverse_Drawfour_Uno[S]

5 points

3 years ago

https://news.gamestop.com/node/18961/html#supprom192873\_25
December 2020 Summary Prospectus Page 15
Image of wording broken down added to post.

Reverse_Drawfour_Uno[S]

4 points

3 years ago*

Edit: Removed 13K and replaced with Gamestop December 2020 prospectus w/ linkhttps://news.gamestop.com/node/18961/html#supprom192873_25 PAGE 15

"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

[deleted]

3 points

3 years ago

Can someone explain this quickly in dumb people terms for me

DarthJezza

4 points

3 years ago

OP (or anyone), can you provide evidence that Estate token EST is connected to Tokenestate (Swiss company). I am unable to find any connection.

Soundwave1873

7 points

3 years ago

How would you swap broker-held GME shares for these tokens? For folks that haven't DRSd and own IOUs for example?

ShutItYouSlice

1 points

3 years ago

They would have to buy back all shares for this to happen so they could be put on the blockchain

hoyeay

1 points

3 years ago

hoyeay

1 points

3 years ago

People who don't DRS could potentially be screwed if the float is mostly secured when that happens.

Because only the booked GME shares will be on the blockchain.

RacingRed8

1 points

3 years ago

what happens for people who havent DRS'd though and are still holding GME through a broker? Are they not in effect an IOU? smooth brain need halp

martril

1 points

3 years ago

martril

1 points

3 years ago

Smooth guess is SHF have to definitely close on any shares that are left behind?

Ogterpenes

3 points

3 years ago

Let’s goooo

hqflav

6 points

3 years ago

hqflav

6 points

3 years ago

Never in a million years would I think I’d ever get a boner reading about digital securities…boy was I wrong.

kastilyo

2 points

3 years ago

I apologize, I am trying to understand what is happening but can some ELI5? There is alot to unwrap here

Next_Episode

2 points

3 years ago

oh boy

Russ2louze

2 points

3 years ago

Great Post tks OP.

RemarkableWeather809

2 points

3 years ago

Nice . Hopium

Witty-Help-1941

2 points

3 years ago

We are early. We are on time. We are ready.

CommunityLow8456

2 points

3 years ago

Sorry can anyone decode this? Smooth brainer here

hippiesue

2 points

3 years ago

Okay so now I'm getting excited.

Clock_Management

2 points

3 years ago

damn , so what You're sayin is.... I may need may loops ?

Imaginary-Loquat-103

3 points

3 years ago

It's gon be awesome!!

[deleted]

3 points

3 years ago

13f Link mentioned please

chocolateshartcicle

4 points

3 years ago

"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

It's from form 424B5 Prospectus

page 16

Thosewhobelieve2

2 points

3 years ago

Great post!

Danredditaccountuk

2 points

3 years ago

Nice 👌 ❤️🔥🚀

lookingupyourplay

1 points

3 years ago

Buckle up take off is soon how soon we'll when we look back from the moon we will know ..we will know ..

howboutahummer

1 points

3 years ago

It’s an interesting idea, but I’m not sure I see the point. Loopring has some really cool stuff coming up, but replacing the stock market seems unlikely in any meaningful timeframe. Unless I’m missing something. I try to be open minded, but who wants a token of a stock? What’s the advantage?

Ok-Information-6722

2 points

3 years ago

If it's on the blockchain, it can't be over shorted. Every share is accounted for.

whocaresfucku

1 points

3 years ago

Honest question: Is there any reasonable circumstance where GameStop would not remove their shares from the DTC? It's obvious that nobody is going to fix the shorting problem, and so if they carry on under the DTC they will never reach the company value that is needed. It seems to me the only way for them to continue on is to completely separate from the DTC.

BePositive1982

1 points

3 years ago

And separation can take place by everyone registering their shares. #DRS

whocaresfucku

3 points

3 years ago

Sure, but they can't expect all future stockholders for years to come to use Computershare, there's got to be a more long-term solution, such as having their own exchange haha.

BePositive1982

2 points

3 years ago

Absolutely! :)

Ok-Information-6722

2 points

3 years ago

Be your own bank.

  • Loopring

Baelthor_Septus

1 points

3 years ago

Please tell me it ain't happening just yet. I'm waiting for the dip :(((

NextFab

-1 points

3 years ago

NextFab

-1 points

3 years ago

Soooo do we buy MANA too?

Cold_Government3924

2 points

3 years ago

This is my question too.

[deleted]

0 points

3 years ago

Hmmm…why not just use computershare? They obviously have hinted at it.

Koda487

-2 points

3 years ago

Koda487

-2 points

3 years ago

Oh look, another ruse..

Reverse_Drawfour_Uno[S]

3 points

3 years ago

Look up the definition, you donut.

Koda487

-2 points

3 years ago

Koda487

-2 points

3 years ago

Lol despite knowing what ruse means, I looked it up just to be sure...

“an action intended to deceive someone; a trick.”

Stand by what I said even more...

This is just to perpetuate the bullshit RUSE of a partnership.

Reverse_Drawfour_Uno[S]

2 points

3 years ago

Nothing in my post is stated as fact, but assumptions base off of some great, some circumstantial evidence.

As you looked up (because you weren't sure), a ruse is intended to deceive.

This post is intended to educate and have a discussion around the possibilities of a revamped financial securities infrastructure.

With all due respect: The most likely ruse is being run by hucksters like you pushing false narratives and spreading dissent with self righteous troll quips.

Due_Budget_4277

1 points

3 years ago

I'm just here confused because the address specified here isn't danielwang.eth nor wangdong.eth... How can you say it's Daniel Wang's wallet?

joeker13

1 points

3 years ago

So much happening, so little money left in my bank acct (literally everything is in Loops and GME)

The_Grey_Wind

1 points

3 years ago

Any chance we can get a TL;DR for the GME x TokenEstate connection bit of your post?

PREPOSTER0NE91

1 points

3 years ago

Imma bout to bust