Re: [ANN][Pre-ICO] MedChain - SEC Filed, Open to unaccredited US investors!
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.
Just a quick followup. The investment cleared. All in, it took around 8 days from credit card authorization to confirmation from Start Engine regarding the funding clearance. They really didn't do much in the way of KYC, basic name, address, stated income, etc.
How did you do from a crypto payments perspective over the last 7 days? Any takers?
Rick, thanks for the info... Not sure if the KYC changes depending on level of investment on a Regulation CF, but presumably StartEngine just does the minimum necessary checks.
From a crypto payments/investment perspective we still aren't accepting them. StartEngine did a joint press-release with their Escrow partner PrimeTrust on the day it was 'supposed' to be ready for our offering.
See: https://www.businesswire.com/news/home/20180420005069/en/StartEngine-PrimeTrust-Announce-Reg-CF-Crypto-Escrow
I sent out a poll to our StartEngine investors and followers that indicates over-all support for another extension. Not sure if 'No' answers are aware it won't speed up the creation of our Network and any distribution to end the offering now.
Heard from StartEngine that the functionality is still potentially over a month away. Very disappointing.