Quote from: PuertoLibre on March 11, 2019, 08:04:36 PM

Quote from: Praedium on March 11, 2019, 04:23:45 AM

I recently came across https://republic.co/ and was wondering if there were any other crypto focused accredited investor portals. Also want to find one that has no up-front fee. We looked into coinlist last summer and at the time they wanted $50K upfront plus 2-3% of the funds raised.

Recently learned that advertising a Reg D 506 b sale inside an accredited investor portal does not count as general solicitation so it'd be nice to be able to reach new investors.

How are they gonna to find the credibility of investors in accredited investors portal? Sounds very confusing to me. Why do they charge an upfront fee for this purpose?

They verify that the investors meet accreditation status, this can be as simple as verifying they have $1000000 worth of crypto in a wallet they control or a letter from a lawyer saying that the investor is accredited. The purpose of this is to comply with US fundraising regulations. All it really does is add unnecessary barriers to entry to fundraising. The platforms charge the upfront fee because they can. Coinlist lowered the upfront fee and it's now 20k instead of 50k. These platforms are working off the fact that the SEC is unpredictable and will call any crypto a security even when it's not, even when it's not in the publics best interest. Seems there's a lot of corruption going on with the SEC surrounding currencies.