Merchants

A Member Merchant at EYECO refers to a business entity who has been accepted and validated by EYECO to participate in their platform as a merchant seeking funding. Member Merchants are those entities who have met EYECO's eligibility criteria and have been approved to mint Semi-Fungible Tokens (SFTs) as a means of raising capital.

Here are some key characteristics of a Member Merchant at EYECO:

1. Validated Business Entity: Member Merchants are registered business entities, such as corporations, limited liability companies (LLCs), partnerships, or sole proprietorships, depending on the applicable legal framework.

2. Financial Viability: They are expected to have a solid financial standing and a history of responsible financial management validated by EYECO. This may involve a review of financial statements and creditworthiness.

3. Operational History: Member Merchants  required to have a minimum operational history or track record to demonstrate their viability and reliability.

4. Transparency: EYECO places a strong emphasis on transparency, and Member Merchants are expected to provide accurate and comprehensive information about their business operations, financial health, and future prospects.

5. Compliance: Member Merchants demonstrate compliance with EYECO's policies, terms and conditions.

6. Participation in SFT Creation: Member Merchants are approved to mint SFTs on the EYECO platform. These SFTs are then offered to investors as a means of raising capital for their business activities.

It's important to note that specific eligibility requirements for Member Merchants may evolve over time as EYECO's platform and policies develop.  

To qualify as a Member Merchant at EYECO, certain criteria and qualifications apply. However, specific requirements may vary depending on EYECO's policies and any legal regulations that govern its operations. Here are some general qualifications that merchants need to meet:

1. Legal Entity: Merchants should be registered as a legal entity, such as a corporation, limited liability company (LLC), partnership, or sole proprietorship, depending on the applicable legal framework.

2. Operational History: EYECO require merchants to have a minimum operational history or track record to demonstrate their viability and reliability.

3. Financial Standing: Merchants need to demonstrate a solid financial standing and a history of responsible financial management. This may include a review of financial statements and creditworthiness.

4. Transaction History: Merchants are required to provide a transaction history that showcases their business activities and financial performance.

5. Compliance: Merchants should adhere to all relevant laws and regulations, including financial and tax regulations, and demonstrate compliance with EYECO's terms and conditions.

6. Transparency: EYECO places a strong emphasis on transparency. Merchants should be willing to provide accurate and comprehensive information about their business operations, financial health, and future prospects.

7. Alignment with EYECO's Values: Merchants should align with EYECO's mission and values, which include transparency, innovation, and a commitment to creating a secure and trustworthy ecosystem.

It's essential to note that EYECO has a formal application and vetting process in place for potential Member Merchants. Additionally, specific eligibility requirements may evolve over time as EYECO's platform and policies develop.