Re: [ANN][TAO/XTO] Tao - Real Solutions for the Music Industry!
Damn. Well, I guess Taoism does pretty much renounce money and materialism for the most part. Looks like you guys have that going in here!
That makes little sense in response to me posting Desantis' tweets. He's offering over $50K of BTC for a 1% stake in the network.
BTW, while CMC has temporarily hidden Tao from the list of coins by market cap, it's still there. There's just a gap of data for the charts until AM comes fully online after the post ODBcoin sale audit.
https://coinmarketcap.com/currencies/tao/
To be clear, it would also require CMC to actually register AM as a market?
And, as the ODB sale seems to be extended into february, the audit would take place after that, and AM would start trading.. when? Q2? Q3?
Edit: And who conducts the audit? For what purpose? Will the documents be posted publically?
The end of the ODBcoin sale is being extended into February a bit, yes, but there was some flexibility built into the ending dates as long as the audit is completed and the coins disbursed by March 1st. While it may be possible for trading to start before then, it seems most likely to start once the audit is over. So early March, presumably.
According to the Terms of Service, "All Initial Artist Offerings shall also be GAAP certified by credible auditors prior to the disbursement of funds or assets to relevant parties," and the results will be made publicly available. This will demonstrate legal compliance according to federal standards.
GAAP is the certification standard used by the SEC: https://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principles_(United_States)
Edit: I checked specifics of the TOS wording with Bryce and the periodic audits will be published on the website, but individual token sales may or may not have the results published each time.