Blockchain Company Lympo Reveals Plans to Distribute Shares to Token Holders
Recently there have been discussions in the crypto community that a coin which gives more value to the token holders in terms of the companys ownership is key to its success in the future. Lympo, a sports and health data monetization startup, is set on actually making this a reality.
Earlier this week, a "Shark Tank" investor Kevin O'Leary told CNBC that he is working to conduct a $400 million crypto coin offering of a New York hotel to sell its ownership as a stock. "I'm a believer that asset-based coins will replace small-cap stocks," said O'Leary.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/blockchain-company-to-distribute-shares-to-token-holders/Does this mean that LYM tokens will become not the utility but the security tokens? How will SEC look at all this? What are the consequences? Does Lympo need to get some special permission from SEC?