good project but sounds like a security.
We have provided a Medium article to give some color on the way the NPX token should be assessed. Please read
https://medium.com/p/ef8eb3ebcc17/edit for some information.
Remove the 'edit' from the link to read it.
https://medium.com/p/ef8eb3ebcc17/A legal memo, prepared by our Legal Counsel KRAMER LEVIN NAFTALIS & FRANKEL LLP and sent to the French Regulator, presents our NPX token as the mixture between an asset and a utility token.If I am reading correctly, the French Regulator has not confirmed the status of the NPX token as presented.
At that point of time, the Napoleonian asset manager which will be fully regulated and licensed (under a European jurisdiction) would have no particular issues regarding the DAFs tokens that could potentially be qualified as security.Shouldn't that read "no particular issues in Europe"?
In our case, we have decided to exclude US residents and US citizens from our ICO, together with Iran, North Korea, Syria, Lybia, Sudan and Cuba.Just to restate it in this thread.