Quote from: lobat999 on December 15, 2018, 03:15:11 PM

Quote from: Mrboot on December 15, 2018, 01:16:49 PM

Quote from: MandatoryOption on December 15, 2018, 01:13:07 PM

Quote from: Mrboot on December 15, 2018, 01:06:36 PM

Quote from: Rigorous on December 14, 2018, 09:17:27 PM

Quote from: Mrboot on December 14, 2018, 01:19:28 PM

We're indeed a dutch based and registrated company. We dont accept US and Chinese citizens in the ICO.

I dont think it's that easy, cause eventually the whole product need to be global and that include people from the US and China.

1) We want to be accepted on exchanges and exchanges dont list security's (if they do this can suddenly change in the future).
2) People from the US are allowed to buy utility tokens, just in the ICO it's different. If you make a dividend/burn system this can still be considered a security.

You said before you do not want $CYBR tokens to be securities.

You probably are aware of the Howey Test. A transaction represents an investment contract if a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.

What ways could there be for a person looking to profit off $CYBR tokens without violating the Howey Test?

Ofcourse we know the Howey Test, well that way every coin (including btc) will be a security, but we clearly stated in the term of condition and papers that everyone need to agree on before purchasing the tokens that the tokens
are utility tokens for our platform. Some lines are still blurry and probably will untill the ICO's are fully regulated at this stage we do everything that is required to be a legit ICO.

Thats also why we have a Law firm as partner and we hired them to review every step of the ICO. Their name is Watson Law and are also situated in the Netherlands.

How exactly is this Howey Test performed? Would it be enough when a popular Youtuber mentions CosmosCR in a video about, let's say, 'the next top ICOs of 2019', to get deemed as a Security token?

Since almost everyone who invests in an ICO is only doing it because he expects a (financial) profit from it, it is gonna be hard to convince anyone of investing when you aren't allowed to promise these profits.

To be honest the ico that promise huge profits are the ones you need to be carefull off. Your never allowed to promise profits, cause what if it doesnt happen (look at the bear market now some ico's are down 90%) You dont
want any lawsuits against you.

Patience and adoption brings value and demand for the token/coin. Dividends, burns etc should be done with extreme cautions and good advicement from a legal team.

I admire with the team's candid approach to this discussion which I seldom see in most crypto projects doing an ICO. I mean this community should be built with trust among members and the enthusiasm to deliver together this awesome platform powered by the blockchain.

I, too, like this careful and reasonable approach which somehow has also become a necessity. Nowadays investors are looking for reliable projects with trustworthy teams and don't believe just hyped projects anymore.

sge99

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