Hi all,
I wanted to discuss a new feature that some Altcoins are implementing into their token structure - i.e. dividend payment
We all know a handful of coins that offer "dividends" to token holders. This is through commissions or fees that it collects via their network (and distributed in some form of token, ether etc.).
Some examples (from my knowledge) include:
Augur
Ethbits
Peerplays
DigixDAO
Seeing as there has been a lot in the news lately especially from the SEC, I'd like to know if anyone has any idea what the legal position is?
I.e. are the coins mentioned above securities? Does a dividend equate to it being a security? What does that mean for them - i.e. long term prospect.
Also I have heard some exchanges like Bittrex are delisting those that do offer dividends but have no idea if that is true?
Keen to hear what people think
They are all including on the list of security token because they are offering the security usage to the investors that cat to represent your shares in the company and the token it not offering the utility usage dude. I wanted to discuss a new feature that some Altcoins are implementing into their token structure - i.e. dividend payment
We all know a handful of coins that offer "dividends" to token holders. This is through commissions or fees that it collects via their network (and distributed in some form of token, ether etc.).
Some examples (from my knowledge) include:
Augur
Ethbits
Peerplays
DigixDAO
Seeing as there has been a lot in the news lately especially from the SEC, I'd like to know if anyone has any idea what the legal position is?
I.e. are the coins mentioned above securities? Does a dividend equate to it being a security? What does that mean for them - i.e. long term prospect.
Also I have heard some exchanges like Bittrex are delisting those that do offer dividends but have no idea if that is true?
Keen to hear what people think
The long term prospect depends on the company.
That's true consider about they are security which not registered on US regulators.