I was curious to see what SYNC's plan was with the regulatory rumors spinning about issuing illegal securities and shares and such.


I'm glad to see SYNC is adapting to the changing landscape. Most coins/teams would pack up shop, "sorry things changed, we can't do it anymore". The simple truth is that the SYNC Profit Program would definitely qualify to become a target under what seems to be the current regulatory pressure in the US, so cheers to the SYNC team for finding a way to evolve the program into something workable.

FWIW, Mike, I was listening to the panel at the New York Law School earlier today, they had a bunch of crypto people and lawyers discussing regulation. They suggested that if you're an altcoin offering what could be seen as "shares" of some sort, you should make it clear to people that the tokens/coins issued are NOT shares in a company etc. Have a look at the BreakoutCoin (BRO) terms, the coin is probably gonna end up being a scammy piece of crap, but check over their ICO terms, they have some legalese sections that distance themselves from the regulatory concepts. Perhaps SYNC should consider adding similar notices on its official paperwork releases, just to cover your bases.


Very happy to see this announcement today, confidence is bolstered and I look forward to November 18th!