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Re: 🔴🔴🔴[ANN][STO] CINDX | PRE-SALE STARTS 26 AUGUST, 2018🔴🔴🔴
by
qwrptctnr
on 21/08/2018, 18:31:36 UTC
I've heard that you only list security tokens. What is the reason for this? Is not utility token simplifying user interaction with the platform?

In this case, we have a good example:
1. The head of SEC said in his statement that there is no utility, as utility does not provide profit, can not be traded on the exchange and provides utilitarian functions. For example, access to the platform;

2. To classify the token we contacted Estonian lawyers and received a legal opinion, in which our token was classified as a security token;

3. If we had followed the "simple" way, the American market would have been closed for us and the consequences for the company would have been unpredictable.

In this case, I have a few questions. I'll start from the end.
What prevents the entry of your company into the American market in case of introduction of this kind of a token?