ICOs Have Options Other Than Regulations
During the last couple of months, the buzz about regulating ICOs has been increasing. SEC has already ruled over the DAO tokens, China and Korea banned ICOs for an unknown period of time. It even looks like that the Swiss are becoming careful. According to some, the “Wild West” ICO days are coming to an end.
Some ICOs are actually looking for a way to overcome regulations in different countries. It includes dealing with regulations that touch both the ICO and distributed business. There are three legal ways to work around them.
- By dividing your tokens
The first option is to divide your tokens into “Security Type” and “Utility Type” tokens. By doing this, the ICOs don’t pop up on the SEC radar. The difference between such coins is the dividend payout.
- By buying some freedom
It is possible to buy a company and transfer necessary rights and legal controls, thus dodging the regulations. One ICO that actually did this was Stox – prediction marketplace where token holders can predict the outcome. They announced that they were buying out Commologic , a non-blockchain company that has an existing gambling license.
This stands for Simple Agreement for Future Tokens. SAFT limits the participants in ICOs to “Accredited” or “Sophisticated” investors who can be defined as people with an income of at least $200,000 or net worth above $1 million.
Original Source: Cointelegraph
Today’s Reading List:
• ICOs Have Options Other Than Regulations
• Wikipedia Founder – ICOs can be scams
• UTRUST and Soma announce a Partnership
• Compliant ICOs are Possible, according to SEC
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