Im personally going to hold my NEO but you could speculate that now the Chinese cannot participate in the ICO the demand post-ico will be huge from the chinese investors looking to get in.
Ahh good point, is that how it works legally in America too? As in the SEC has no problem with you buying securities as long as its not in the ICO / IPO?
just use a VPN. I buy restricted ico's all the time
You never run into a KYC form when you try to get your coins out?
Never heard of it.
The website just requested us to mark that we are not U.S. citizens or not representative of them. The coins/tokens will normally be automatically transferred to ICO attendees wallet by smart contract.
Actually they said they are going to verify that before the ICO. I asked the same question to the Red Pulse team member yesterday and he said they will be asking for passport or any other national id to make sure the person buying during the ICO is not from the banned countries. Dont know if they will actually do that but he said so.
If they're going to do it, it's fair to do so beforehand so you can't participate to begin with.
I've participated in an ICO where they delegated the coin to their web wallet and when I tried to send out, they hit me with a KYC form (asking ID and utility bill etc). If you used a VPN to get in, you're screwed at that point: they got your money and your coins are stuck.
I don't know how Red Pulse is delegating their coins, but be aware that this could happen.