I see that the token sale is a security token offering, hold on an exchange (first time I guess). But even if your sale is regulated according to SEC rules, you cannot allow US-citizens to participate? Isn't the SEC an US agency?
Hello, thank you for your thoughtful question. We are relying on Regulation S for this token sale, which is an exemption from registration. Regulation S allows U.S. issuers to conduct an off-shore offering to non-US persons. The DRMR Tokens will be freely tradeable between whitelisted addresses (and thus able to list) with the rule that tokens cannot be traded back into the U.S. for 12 months. So the correct term is SEC Compliant, not SEC Regulated.
I hope that answers your question.
Yes, that answers my question perfectly.
I didn't know that is a difference between SEC-compliant and SEC regulated. My guess is that almost all STOs nowadays are 'only' compliant and not SEC-regulated because it is probably very hard (almost impossible) for a crypto token offering to register at the SEC.