"The Masterbit token sale is closed to US participants and participants of all countries in which ICOs are illegal" I thought that just only a coin, not a token.
Yes, that is right it is coin.
Hi all,
The whole point is that for country such as USA, an ICO is considered an offering of a security and can be done only through the legal process of security offerings; it is illegal only if it is done without going through legal processes.
From what I have read through MBC whitepaper, if I am not wrong, it is saying that the MBC platform overcomes and takes care of this problem without causing legal issues ( even if it done without formal security offering processes) in any country.
11. Crowd-investing campaigns
So far, none of the popular crowd-funding platforms allow the authors to
conduct crowd-investing campaigns. This is due to constraints imposed by
the legislative systems of different countries, and the complexity of legal
registration. MasterBIT’s technology allows you to forget about these
problems, and gives the opportunity to launch crowd-investing campaigns
not only for the residents of one country, but for the global population,
regardless of the location, jurisdiction, citizenship, and other bureaucratic
stumbling blocks. Crowd-investing campaigns are almost identical to
ICO-campaigns, but in this case the authors distribute a limited number of
their coins. Each of these coins denotes some part of the ownership of the
company or participation in delivering of dividends (individual for each
campaign).
