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.
hear hear, too many people are letting greed get in the way of their brain. thanks for being a voice of reason.
Thank you, we appreciate all feedback and we're happy to always discuss situations like this cause it's important together we buidl the future of cryptocurrency
and this not only count for our project, we really love all legit projects and are really excited about the future (although the market atm doesnt reflect that).
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.
You got this so right! Our goals are keeping the community happy and involved while we buidl a great platform.
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.
I'm an investor myself and that learned me a lot over last few years in cryptocurrency. The market evolved a lot cause it changed a lot compared to even a year ago.
I've seen several VR projects that are somewhat similar to this one and has varying features and I wanna know what will be this project's greatest advantages over its competitors.
Someone with the knowledge should do a comparison table with all the competitors. These are always a nice read.
Yes this is very important . There are 2 things that I believe will be the key to success in business, uniqueness or special thing and different target market.
yes for the success of a project is not enough that this is valid and well-structured but also serve for example unique characteristics/features and an aggressive marketing campaign aimed at interested users, and in the specific case of cosmoscr let's say a smooth and fast 3d graphics engine...
We're working on a own infograph, but we are always available for questions if someone would like to make a comparison graph. At this stage we pref. creating articles
and content.
No continuous burn system or buy back token system implemented?
Creator of this token is a legendary member on this forum, i think he is aware of how important this is.
Burning tokens is not a good idea you will most likely be considered a security instead of a Utility token. You can burn unsold tokens though, just not on regular basis.
Same count for a buy back program most likely cause it gives people Expectations of Profit.
We're a utility token and we focus on main adoption that will drive the price, every extra additional rewards need to be reviewed really well and discussed with our lawyers.
I don't understand how the token burning would make this a security. But constant token burning would probably be an annoyance when dealing with coinmarketcap and the total amount of the tokens
Burning tokens can make it an calculated investment like for example dividend. with burning tokens we mean tokens that get burned based on for example revenues not unsold tokens.
