Author

Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 275. (Read 473154 times)

hero member
Activity: 1344
Merit: 500
How are Atoms not securities then? Atoms were XPYBits. Where XPYBits not a form of profit sharing? You were giving the team funds to help with the business to later be rewarded. Am I missing something?

@CryptoBuds Point to the wording in the law that says non-blockchain tokens are securities... You are missing the law..

Even your Bitcoin ION FAQ calls them tokens... Don't you trust suchmoon's real answers to ION???

First off, where did I say tokens. Second, why do you think I have to agree with suchmoon? Unlike you, I can think on my own and make my own decisions. Don't need to follow like the ION sheep.

Is that what they officially are called, "tokens"? If they are are like loyalty cards, why are they then transferable? I'm working with you here, trying to find out officially what Atoms are.

And it doesn't matter what they're called, if it acts like a security, then it's a security. Semantics won't affect things here. And I'm not saying they're securities, but they sure present themselves as an investment in a company that comes with rewards for doing so.

When they were XPYBits, they were an investment in XPY.IO and the reward came with being granted 8 IONs per XPYBit. Now that they are Atoms, they are a limited resource (token) that produces Electrons and are tradable. Atoms are not currently definable in the definition of the Securities law and therefore can not be considered to be securities. With the nature of Crypto changing, a modification of the Securities law make occur in the future. So currently, they are NOT securities and are considered tokens...
legendary
Activity: 2100
Merit: 1042
HODL
How are Atoms not securities then? Atoms were XPYBits. Where XPYBits not a form of profit sharing? You were giving the team funds to help with the business to later be rewarded. Am I missing something?

@CryptoBuds Point to the wording in the law that says non-blockchain tokens are securities... You are missing the law..

Even your Bitcoin ION FAQ calls them tokens... Don't you trust suchmoon's real answers to ION???

First off, where did I say tokens. Second, why do you think I have to agree with suchmoon? Unlike you, I can think on my own and make my own decisions. Don't need to follow like the ION sheep.

Is that what they officially are called, "tokens"? If they are are like loyalty cards, why are they then transferable? I'm working with you here, trying to find out officially what Atoms are.

And it doesn't matter what they're called, if it acts like a security, then it's a security. Semantics won't affect things here. And I'm not saying they're securities, but they sure present themselves as an investment in a company that comes with rewards for doing so.
hero member
Activity: 1344
Merit: 500
You've been trying to shill ION up while dumping it,

@suchmoon How can I be dumping IONs when the volume at the exchange is zero dollars... I must be flushing the coins in the dumpster... I'd like to see your proof on that statement lol



and I don't shill, I believe the ION investment is worthy and I promote the investment...

If you didn't purchase your IONs at the ICO, Now is a good time to stock up on them... Pick up 20K IONs and invest in an ION masternode or for the small investors, buy a couple of Shares in a community masternode at the Market Place @ https://ionno.de One share is currently paying out approximately 1 ION per share per week. Looking for some "small fish" and big investors to invest in an ION masternode. You can also pick up a few IONs and stake them in a wallet or on Ionomy.com to earn some extra ION coins...
hero member
Activity: 1248
Merit: 583
I also need 5000 Atoms to stay in the Whale's Club or loose my Whale privileges and access to the Secret Information...
Ooooh, you have Secret Information that others (non-whales) don't get. I can see how this creates a lot of trust with potential investors and will make ION a raging success. /s


It will, imagine if people like you knew everything
hero member
Activity: 1344
Merit: 500
How are Atoms not securities then? Atoms were XPYBits. Where XPYBits not a form of profit sharing? You were giving the team funds to help with the business to later be rewarded. Am I missing something?

@CryptoBuds Point to the wording in the law that says non-blockchain tokens are securities... You are missing the law..

Even your Bitcoin ION FAQ calls them tokens... Don't you trust suchmoon's real answers to ION???
legendary
Activity: 1526
Merit: 1000
why do you care about singaporean law when Matlack is in texas and there's zero proof of them being a registered company in singapore?

Who on earth is going to buy all those ions you get in 6 months?
hero member
Activity: 1248
Merit: 583
Quote
Atoms. In relation to Atoms based crowdfunding you acknowledge that your contribution (whether financial or otherwise) does not entitle you to any rights, including any ownership, control or intellectual property rights. Atoms is not a company share offering, but a loyalty and services program specialised to work within the Ionomy.com platform to reward its loyal members and help fund the development of the Ionomy.com services.
ref: http://archive.is/IxsVs#selection-1081.0-1083.426

actually you dont own anything  Cool all that word play is meaningless when the public perspective is what it is. everyone is expecting returns

I too have read the T's & C's...was a while ago though.

I would expect any reputable company to have T's & C's that limit their exposure..... I bet all reputable companies YOU deal with have a similar approach.

For me their T's & C's aren't a problem  Smiley
legendary
Activity: 2100
Merit: 1042
HODL
How are Atoms not securities then? Atoms were XPYBits. Where XPYBits not a form of profit sharing? You were giving the team funds to help with the business to later be rewarded. Am I missing something?
hero member
Activity: 1344
Merit: 500
And I bet the team greatly appreciates an unlicensed investment advisor peddling their unregistered securities. There is probably some country where that's legal so it's all cool, right?

@suchmoon Where's your proof that Atoms are unregistered securities? The Ionomy team has openly said that Atoms are not a securities... You should update your Bitcoin ION FAQ to include the real answer that Ionomy non-blockchain tokens are not securities...

Q: What is ionomy?
A: Mainly an online wallet for ION and an ION/BTC exchange, with some non-blockchain features such as atoms, electrons, and stakers.

Q: Are community masternodes, atoms, or any other ionomy tokens considered securities in the US or Singapore?
A: The team did not provide any details.


15 U.S.C. §78c(a)(10)
(10) The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, certificate of interest or participation in any profit-sharing agreement or in any oil, gas, or other mineral royalty or lease, any collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or in general, any instrument commonly known as a “security”; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase, any of the foregoing; but shall not include currency or any note, draft, bill of exchange, or banker’s acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited.

corresponding part in singaporean law 17 §03(b)


Join the Ionomy today and get into the ION investment game early...
legendary
Activity: 2100
Merit: 1042
HODL
And I bet the team greatly appreciates an unlicensed investment advisor peddling their unregistered securities. There is probably some country where that's legal so it's all cool, right?

@suchmoon Where's your proof that Atoms are unregistered securities? The Ionomy team has openly said that Atoms are not a securities... You should update your Bitcoin ION FAQ to include the real answer...

Join the Ionomy today and get into the investment game early...

Just because they say they are no securities doesn't mean it to be true. If the ION team was intelligent they would consult a financial guru to ensure that Atoms aren't structured like securities. They sure function like them. They're not loyalty based as they can be sold or transferred. It would be good to be on top of this but the team instead seems to be more focused on obfuscation and skirting the lines. They just want BTC. For BTC being so shitty, they sure want a bunch of it.

If the Ionomy team tells you the sky is purple, is that the case then? See what I'm saying? All words and nothing to back it up. Keep on shilling, you're pure entertainment.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
So what is an Atom ? I don't know what you would class it as does but I know owning one delivers tangible benefits.



I do know that owning 5220 Atoms boost over 20K of Ionomy stakers to twice their rate...

@suchmoon Why would I be selling my Atoms when I'm am using them in to produce Electrons for my Ionomy stakers and making twice my earnings (free coins)? I also need 5000 Atoms to stay in the Whale's Club or loose my Whale privileges and access to the Secret Information...

Join the Ionomy and pickup a few/available Atoms at the Ionomy Live Auction @ https://ionomy.com/auction/atoms

Sharkie, you're not as smart as even the dumbest penny stock pumpers. You've been trying to shill ION up while dumping it, Occam says you're likely to do the same with atoms. There is no other benefit for you to get anyone else to buy into it other than to dump on them. Just like there is no benefit for any masternode owners to want more people to buy masternodes etc. This 50-person "ecosystem" is getting very tight with this stupid inflation, isn't it?

And I bet the team greatly appreciates an unlicensed investment advisor peddling their unregistered securities. There is probably some country where that's legal so it's all cool, right?
legendary
Activity: 2100
Merit: 1042
HODL
I also need 5000 Atoms to stay in the Whale's Club or loose my Whale privileges and access to the Secret Information...
Ooooh, you have Secret Information that others (non-whales) don't get. I can see how this creates a lot of trust with potential investors and will make ION a raging success. /s


Again, insider information and insider trading potential. Awesome business model, pay to be elite.
legendary
Activity: 938
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
I also need 5000 Atoms to stay in the Whale's Club or loose my Whale privileges and access to the Secret Information...
Ooooh, you have Secret Information that others (non-whales) don't get. I can see how this creates a lot of trust with potential investors and will make ION a raging success. /s
legendary
Activity: 910
Merit: 1009
Quote
Atoms. In relation to Atoms based crowdfunding you acknowledge that your contribution (whether financial or otherwise) does not entitle you to any rights, including any ownership, control or intellectual property rights. Atoms is not a company share offering, but a loyalty and services program specialised to work within the Ionomy.com platform to reward its loyal members and help fund the development of the Ionomy.com services.
ref: http://archive.is/IxsVs#selection-1081.0-1083.426

actually you dont own anything  Cool all that word play is meaningless when the public perspective is what it is. everyone is expecting returns
hero member
Activity: 1344
Merit: 500
So what is an Atom ? I don't know what you would class it as does but I know owning one delivers tangible benefits.



I do know that owning 5220 Atoms boost over 20K of Ionomy stakers to twice their rate...

@suchmoon Why would I be selling my Atoms when I'm am using them in to produce Electrons for my Ionomy stakers and making twice my earnings (free coins)? I also need 5000 Atoms to stay in the Whale's Club or loose my Whale privileges and access to the Secret Information...

Join the Ionomy and pickup a few/available Atoms at the Ionomy Live Auction @ https://ionomy.com/auction/atoms

hero member
Activity: 1248
Merit: 583
What do you mean the top 2 guys expect rewards don't you think it's 100% of the people that own atoms expect a return for ownership

yes obviously and anyone else saying otherwise is lying. but your ionomy dev team disagrees and said its a loyalty program only. a weak attempt at skirting around securities laws
Aren't loyalty rewards themselves for stores treated as such and not securities on the very fact you can't transfer / sell / donate etc to other people they are loyalty rewards to yourself and yourself only to be used on future purchases?

If ionomy dev was serious in that they are a loyalty program "only" then should they not shut their atom / electron whatever market down as you can't "sell" or "trade" loyalty tokens?

Did the devs say it was part of a loyalty program ? Interesting point though what would you class an atom as.

An atom is something you can buy & sell. An Atom produces a daily supply of electrons. At the moment electrons can be used for boosting a staker or ingame to purchase stuff.

100K Atoms were created and that's it no more. Atoms were once XPYBits and XPYBits were created fund to XPY.io development.

If I sell you an Atom am I also selling a chunk of loyalty

So what is an Atom ? I don't know what you would class it as does but I know owning one delivers tangible benefits.

legendary
Activity: 1596
Merit: 1021
What do you mean the top 2 guys expect rewards don't you think it's 100% of the people that own atoms expect a return for ownership

yes obviously and anyone else saying otherwise is lying. but your ionomy dev team disagrees and said its a loyalty program only. a weak attempt at skirting around securities laws
Aren't loyalty rewards themselves for stores treated as such and not securities on the very fact you can't transfer / sell / donate etc to other people they are loyalty rewards to yourself and yourself only to be used on future purchases?

If ionomy dev was serious in that they are a loyalty program "only" then should they not shut their atom / electron whatever market down as you can't "sell" or "trade" loyalty tokens?
legendary
Activity: 910
Merit: 1009
What do you mean the top 2 guys expect rewards don't you think it's 100% of the people that own atoms expect a return for ownership

yes obviously and anyone else saying otherwise is lying. but your ionomy dev team disagrees and said its a loyalty program only. a weak attempt at skirting around securities laws
hero member
Activity: 1248
Merit: 583
with that explanation they are totally not securities in usa or singapore  Grin sharkie you are not towing the team line: they are just loyalty points with no expected returns. its funny that the team thinks this kind of maneuvering changes the nature of atoms. even the top 2 guy expects returns

What do you mean the top 2 guys expect rewards don't you think it's 100% of the people that own atoms expect a return for ownership
legendary
Activity: 910
Merit: 1009
with that explanation they are totally not securities in usa or singapore  Grin sharkie you are not towing the team line: they are just loyalty points with no expected returns. its funny that the team thinks this kind of maneuvering changes the nature of atoms. even the top 2 guy expects returns
Jump to: