Original Unikrn investors wanted their money back so they decided to do an ICO. Then they realised they would have somehow show that the ICO investors weren't being scammed to get Mark Cuban is hard earned so the spiderweb was woven even tighter and now their is an ICCO! And when the ICCO investors want their money back they'll do an ICCCO? If you actually read the whitepaper for Palladium you will see"We just need to BUY a bank somewhere (maybe Malta) and we need European Bank to regulate it all".
Well, i don't know if these guys know anything about EU regulations and how long it takes and that it takes ALL 27 countries to agree to regulating crypto coins before they allow any potential bank to allow for regulated transactions but this can potentially take years. EU governments, such as Spain, have said there is no way their central banks would regulate crypto coins and many would veto this from happening as part of a centralise EU fiscal policy. Even the main board-members on the ECB executive committee have publicly distanced themselves from wanting to regulate. For sure this will end in a mess and i assume the founders will have some LLC route out for bankruptcy leaving all ICO and ICCO holders with dust.
I'm not going to be wasting too much time wasting this ridiculous attempt at FUD.
UnikoinGold and Unikrn platform development and expansion efforts are ongoing, are you keeping up? Did you not watch the video or read the blogposts we keep our community updated with?
Palladium is a seperate from UnikoinGold.
- This isn't a scam, it's a regulated raising of funds with a dedicated team to build out the entire company for which the ICCO tokens - and later shares, are held.
- Malta regulations are very welcoming to blockchain companies and cryptocurrency and hence why this venture has such strong ties to Malta.
- Regulation of cryptocurrency is indeed a tough road but far from unfeasible. You think all of these businesses and recognized business people would tie their name to something they wouldn't actually back?
Not mentioned in the docs and there are some caveats to it - but I am fairly sure anyone in the EU can apply to open a bank account in another EU country.You are a mod on a post with little expertise or insight into financial markets or financial regulation in the EU. Just having Maltese regulation - which hasn't even happened and is still in the consultation stage - is focused on gaming to start with and as a member of the ECB framework for banking Malta will still have to adhere to ECB regulation of crypto-currencies (please go ahead and deny it and i will point you to your OWN white-paper that states Palladium MUST receive ECB approval). Then lets just google ECB and crypto in the last month - completely independent of me and you will see and anyone can independently get that awareness of the ECB policy towards crypto. Perhaps you can tell me that you can predict the future and tell me when the ECB will create a regulatory financial license for crypto? No you can't and neither can Palladium so asking people for money with such a HUGE exposure on the legal framework is irresponsible and the ECB will see this dimly, i believe. Regular banks don't do an IPO BEFORE they get a license to trade! That's insane.
I mean lets look at Unikrn Gold. You, as an investor, invested in a coin for playing tournament gaming and now you are told "hey we are going into banking". I don't have to polish this turd for anyone with common sense to see that its a shill attempt to kick the Unikrn bucket down the road. Unikorn has made NO money and is burning it fast on operations.