Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Pre-ICO] MedChain - SEC Filed, Open to unaccredited US investors!
by
PotatoFlakeSTi
on 11/04/2018, 08:10:02 UTC
Ah.  Good to know, sounds like you’ve got a very proactive team.  I invested; though I wonder if the funds will clear prior to your anticipated close... looks like the funds take 10 days to clear SE’s automated clearinghouse and you might be closing in <5 days.

What happens if the timing is not aligned?  Also it took <3 min to invest... pretty quick.  I was also a bit surprised that the subscription docs weren’t sent by start engine or even linked to the payment page... maybe a bit TOO streamlined?

How long will you keep the offering open?  Until you hit the $1m+?

Happy to hear you decided to invest! I've heard good and bad from people about the KYC process, including annoyance at having to constantly reconfirm investment.

We've also -finally- received an 'official' update on crypto investments... April 20th... *groan* StartEngine has offered to cover the cost of us amending our offering to extend, and I believe we will take advantage of that offer to allow non-accredited cryptocurrency investors a chance to get in at this most advantageous stage.

Edit: If an investment hasn't cleared prior to a close the money will get disbursed to the 3rd party escrow account, then to us after the clearing period.

An interesting idea. Tell me when the work will be completed? Cheesy Cheesy

I have been working closely with our CTO over the last weeks, we have deployed an internal blockchain and private IPFS, we will be hosting a workshop at Colorado University of Boulder showcasing some of this work this coming weekend. In the next 1-1.5 months we should be ready to launch a minimum viable product demo as we transition into our Regulation D 506(c) offering for accredited investors only. We are hopeful that our platform will be launch ready in late Q4 2018 early Q1 2019.

any plans for bounties

Due to the potentially regulated nature of our token, at this time it's difficult for us to provide bounties in the traditional sense; it would have to be in the form of a work compensation agreement and have significant out-of-pocket legal costs for us. As this funding round comes to a close we'll be better poised to approach the subject.