ok. one for all.
https://blog.wavesplatform.com/app-tokens-revolution-cats-are-coming-bfa8e9b26ef#.r5gj7ncix
cats?
Lets list certain approaches that should NOT be used.
You cant promise to pay dividend to the token buyers. Its a securities offering. If you really need to do it go to Securities and Exchange commission and file for IPO.
Tokens cant represent equity in your company without approval from corresponding regulatory bodies. You can attach certain voting rights to them (meaning for example your users can decide on the development direction), but you cant connect them to equity without proper legal backing.
You cant issue tokens and promise to buy them back with a premium later. It clearly constitutes a security offering; read up on Howey test.
poloniex regulation? no trading for ICN. maybe they could trade ICNX the funds, but polo allows us user so there is the question of kind of custom asset token you are allowed to. regulatory and kraken is different to polo.
https://blog.wavesplatform.com/app-tokens-revolution-cats-are-coming-bfa8e9b26ef#.r5gj7ncix
cats?
Lets list certain approaches that should NOT be used.
You cant promise to pay dividend to the token buyers. Its a securities offering. If you really need to do it go to Securities and Exchange commission and file for IPO.
Tokens cant represent equity in your company without approval from corresponding regulatory bodies. You can attach certain voting rights to them (meaning for example your users can decide on the development direction), but you cant connect them to equity without proper legal backing.
You cant issue tokens and promise to buy them back with a premium later. It clearly constitutes a security offering; read up on Howey test.
poloniex regulation? no trading for ICN. maybe they could trade ICNX the funds, but polo allows us user so there is the question of kind of custom asset token you are allowed to. regulatory and kraken is different to polo.
Hmm.. I'm not sure if you have an agenda, but what you've said is clearly a bit of a stretch. Honestly, I am not sure if you're trying to undermine the project or if you had mistakenly bought into the lies fabricated and perpetrated by the FUD group. But I'd like to take this opportunity to set the records straight.
Does ICN constitute a bearer share or a registered share of Iconomi ltd in Slovenia? Definitely not! 1. You're not eligible to vote on bylaws or any affair pertaining to the company. 2. You do not enjoy any right as a stockholder. 3. You're not eligible to become a director.. and the list goes on. I'm sorry to say that you're not a shareholder of Iconomi or its parent company. To me, ICN is more like a crowdfunding token and a profit-sharing plan - with no voting right or guaranteed dividend written in any official document, and nowhere mentioned on the ICO site that ICN constituted shares in the Iconomi company. Obviously, when it comes to Crypto, there's lots of grey areas. But calling it a company share or security offering is definitely stretching too much. Furthermore, Iconomi has stated outright that no US participation will be allowed in ICNX/ICNP sales. I think it is very wise of them to decide not to enter US retail market as US's protectionist monetary policies (and measures taken to prevent capital flight) are not so different from China's at the moment (a country I consider hostile to Crypto).
So whoever told you that Poloniex cannot list ICN because it violates SEC rules, I'm sorry to say that they were lying to you. This is my space, so I'm pretty sure I'm correct in this regard. The truth is.... I'm really tired of this -- people just pull stuff out of their hats in an attempt to mislead the blind & the uneducated. Please stop perpetuating those lies fabricated by those FUD groups. It's just BS and nonsense.
On 2nd thought, I don't really care what you believe. If you believe the FUD, just sell your position and walk away. Simple as that.
PS: Honestly, I'm very curious why so many FUDders seemed to be attracted to this project. Is it possible that they might be from competing projects?
There's just so many lies perpetrated by people without knowledge. I am not sure if they're doing this intentionally.