Three Ukrainian companies have developed an English-language chat bot that provides consulting services to businesses and investors in the crypto industry. The AI-based platform, Ailo, offers a range of automated services but it can also deal with cases that require human intervention and professional legal advice.
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Law firm Juscutum, crypto-payment solutions provider Paytomat and software developer Cryptogroup are behind the innovative project. Ailo, which is now live in testing mode, provides some of its services free of charge. Others can be paid with cryptocurrency. One useful feature, for example, determines whether a token is a security (Howey test) and if an initial coin offering (ICO) has the features of a fraudulent scheme (scam test).
The platform can also advise startups on where to conduct their token sales. A test run of the “Choosing jurisdiction of ICO” module suggested Gibraltar and Belarus. Indeed, both places are among the most crypto-friendly jurisdictions in Europe, along with Malta, Switzerland and Liechtenstein. In a list of destinations, Ailo provides the top two suggestions for free.
А team of legal experts can also prepare a number of documents that ICO companies might need. Some of these services are automated and free, such as the drafting of nondisclosure (NDA) agreements. Others require additional attention from professionals and are provided for a fee. These services are priced in cryptocurrency and the partners in the project currently accept BTC and ETH.
The cost of drafting a whit...