Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CosmosCR [$CYBR] 🌌Virtual reality metaverse powered by the blockchain!🌌
by
Rigorous
on 14/12/2018, 21:17:27 UTC
We're indeed a dutch based and registrated company. We dont accept US and Chinese citizens in the ICO.

I dont think it's that easy, cause eventually the whole product need to be global and that include people from the US and China.

1) We want to be accepted on exchanges and exchanges dont list security's (if they do this can suddenly change in the future).
2) People from the US are allowed to buy utility tokens, just in the ICO it's different. If you make a dividend/burn system this can still be considered a security.

You said before you do not want $CYBR tokens to be securities.

You probably are aware of the Howey Test. A transaction represents an investment contract if a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.

What ways could there be for a person looking to profit off $CYBR tokens without violating the Howey Test?