We recently just published a new medium post to help you understand a little bit more about what counts as a Security. All around, it's an awesome read!
Thank you for making the distinction between what classifies as a security and what doesn't. There's a lot of confusion surrounding this topic and I'm glad that OPEN is able to elucidate it for us.
Distinguishing between what constitute as security and legally compliant token utility can be so important especially for a project which is based in USA where the SEC is now actively evaluating and looking for possible violators. E have to remember that the SEC in this side of the world can be so powerful as they can just close any program anytime by just merely calling the project proponents and order for any entity to refund the participants of their money.
This is one reason why we should be glad that OpenMoney is really taking the time and do all they can so that they can't be categorized as issuing security but tokens according to the two tests talked about in that medium article. Since ICO is still a new type of a platform there will always be confusion as to many definitions related to legalities and I am hoping that soon a clearly defined regulatory framework can be established to deal with this issue once and for all.
What about SAFT framework? Some simple agreement devs?
According to your description, youre going to use the mechanism of transparent determination of a price of a vehicle. Can you tell in detail how will it work?
Will the mechanism of price determination be decentralized? And how are you going to check the vehicle history reports?
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Topic
BoardTokens (Altcoins)
Re: 🌟🌟🌟🌟🌟[ANN][ICO] BITROAD.IO | LIVE 0.50$/BTD + 20%Bonus🌟🌟🌟🌟🌟
by
HBayter
on 05/01/2018, 09:49:23 UTC
What transaction fees will you introduce together with your solution?
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Topic
BoardAnnouncements (Altcoins)
Re: 📌🔥🔥🔥[ANN][ICO][LBT]🔥LETBET🔥The Future Of Online Gambling🔥 74% OFF🔥🔥🔥
by
HBayter
on 04/01/2018, 10:27:21 UTC
How will the internal exchange work? Are you going to create your own blockchain? Will there be any testing?
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Topic
BoardAnnouncements (Altcoins)
Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources]
by
HBayter
on 03/01/2018, 09:10:45 UTC
On what exchanges has Verge coin been listed already?
If a digital wallet is involved, what happens if I lose the key? Will I still have access to my investment?
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Topic
BoardAltcoin Discussion
Re: How to Make Up to $5,000 a Month Trading Crypto
by
HBayter
on 31/12/2017, 10:23:46 UTC
The site is safe if you deal with people who have good reputation and have sufficient number of trades. The only problem is that the buy and sell prices are not ideal.