Post
Topic
Board Tokens (Altcoins)
Re: 🔴🔴🔴[ANN][STO] CINDX | PRE-SALE STARTS 26 AUGUST, 2018🔴🔴🔴
by
Whitethoughts
on 24/08/2018, 20:24:25 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.
The American market is the biggest, so the fact that you prepared the project in the best way for investors from there gives you a great advantage.
I think that because of the market situation, many investors who wanted to enter the crypto now are waiting for the market to turn. As soon as this happens, very large sums of money will go in the crypto and it is obvious that they will go to projects that have prepared for this in advance.
Thus, the project CINDX has a good chance to get full funding and close the hard cap.