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    Author Topic: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure  (Read 125729 times)
    ceaa
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    December 12, 2017, 12:20:49 AM
     #581

    Thanks for your answer.
    What is the purpose of making sure they (U.S citizens) are accredited first?
    Is the term 'investor' for anyone who wants to put money into this ICO?
    Why don't I have to be accredited as a Canadian citizen?

    Thanks,

    Because the Envion token is a security token and it is better to be SEC compliant. Envion want to be a regulated token, it's pioneer work. If it's regulated no friction happens in the future.
    Problems will come to other ICOs as they aren't regulated. There are ICOs where everything had to be reversed.
    Look at HydroMiner, they did not do the necessary securities compliance and called their token a utility token with a convoluted business model. Now they have problems.
    As a security token, SEC regulations for securities apply.

    Interesting article: https://www.coindesk.com/regulated-icos-arrive-overstock-open-exchange-legal-token-trading/

    Hmm, what problems do Hydrominer have?

    No need to get into major detail here, since it is a forum about Envion and not Hydrominer, but I would suggest that the gist of the problems Hydrominer is having is that they are unable to payout their profits to their tokenholders without being considered a security, which would make their ICO illegal in the first place. A bit of a catch-22 if you get my drift.

    And now they are trying to play a dangerous game. They try to avoid being legally responsible by giving away vouchers instead of dividends.

    What are the vouchers supposed to do? Cash them in for money? Because that's basically the same thing as a dividend. Or do you use vouchers to buy other cryptocurrencies?
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