[Two ANSWERS to two Questions[/b]
Gary, when is the Sphinx bidding open? I understand that trading will be available only on the gadget? Is there a desktop version?
The way it will work is that first we go on the Sphinx system and the STO will be offered through their mobile device. I am not sure if they have desktop.
So people can open an account with Sphinx, and then they will be KYC'd and AMl'd. They people can buy the SANA token through the STO on Sphinx.
MEANWHILE, AdSana will go through the application process of having our SANA token listed on the Jamaican and/or Barbados Security Token Exchange.
I think that it will be good for the reputation of the project that AdSanas security token will betraded on the regulated security token exchanges after the end of STO.
Soon the token will be released on the Sphinx mobile trading application and will be traded there. Let's see how much support the project will have. But without good advertising, I think there will be little benefit.
That is not necessarily true Nevsky. You see even before we go on the exchange we will be working with either a Jamaican and/or Barbados Broker-Dealer. And they will be selling the SANA token for us to investors. Plus Sphinx is bringing on another company that has 2 million investors looking for new investments so we were be presented to them also.
Here is a good definition of a
broker dealer for those of you who are not familiar with what they do. A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. ... A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades for its own account. A broker-dealer is normally regulated with the government within the country they work out of.
Wow! This fundamentally changes the whole thing. In this case, Adsana can get a lot of investor and collect the necessary money. I'm glad for you Gary. Are broker services very expensive?