Why did Axio decided to make their token a security token knowing the stand of many crypto community members about security tokens! Especially in the area of fund raising because not many or no exchange will list a security token or launch an ieo with them,
Do you have a plan B in the case where the project is not able to raise the needed funds for development? Maybe you should have had a thorough understanding of how people react to security tokens before engaging in it.
The ideals of the crypto community demonstrated for the past decade that they are unworkable in commerce. Coins like bitcoin are properties with speculative value while commerce requires securities. To create a contender to fiat, the Foundation has to issue securities.
Please keep in mind that the goal of the bitcoin was to create an alternative currency that would serve the people. This is what Axio is about. But if the crypto community doesn't approve then what exactly their ideology is for?
The Foundation is capable of conducting the offering by itself, however it is working with offering platforms such as tZero and BnkToTheFuture.