Sino sa inyo ang nakakaalala sa $LODICOIN ay ang tinaguriang Philippine based token na i nilaunch noon September 22, 2022 at isa mga promoter nito ay ang celebrity na si Rob Moya ito ay
“Filipino-based cultural utility token”, a play-to-earn app, and a social media app that enables users to create NFTs and gain rewards by participating in their social media platform.
Pero sa kasamang palad ay mag crash ang price nito ng ito ay na list sa DEX at sinisisi pa ng developer ang toxic culture daw ng mga Pilipino
Pic extracted from :
https://www.bitskwela.com/At ngayun ay hinahabol sila ng SEC sa ibat ibang pag labag at ang depensa nila ay sinunod nila ang advises ng kanilang mga local counsel para maging fully compliant ilang sa mga violations nila ay :
- There was an investment of money by the public in the investment scheme of Loditech.
- There was a common enterprise in the sense that the investors’ monies were pooled in Loditech’s alleged profit-making venture.
- There was clearly an expectation of profits on the part of its investors who were promised that their money would earn as much as 1000% when the digital asset, through the form of a cryptocurrency, is launched.
- The expectation of profits is derived primarily from the efforts of others. The investors had no hand in the management of Loditech’s product LodiCoin and were promised to earn profits by merely investing in said project of the entity.
Loditech’s Response to SEC AdvisoryLoditech stated that at the very beginning, it intended to comply with all the rules and requirements that will enable it to run its intended business in the Philippines.
In response, the company appointed a legal counsel (referred to as Counsel A throughout the document) to ensure Loditech’s business complied with Philippine laws.
Lodicoin Surprised by SEC Advisory, Lays Fault at Legal Counsel for Compliance FailuresSa tingin nyo ba dahil sa nangyari sa LODICOIN ay madidiscourage na ang local developers na magdevelop ng mga platform na backed by Cryptocurrency dahil sa nangyari sa $LODICOIN o dahil lang sa mga maling payo ng kanilang mga counsel kaya sila ay nakatakdang kasuhan ng SEC.References :
Kasalanan Daw ng Pinoy: Lodicoin Loses 99% of its Value After LaunchWhat Happened to LodiCoin?