I was surprised by the relatively good rating on ICObench I think. I was a bit cautious here as I remember a similar project that turned out to be a scam. Will give this another look.
Were there already other mining projects that went the security token road and turned out to be a scam? Hard to believe because it isn't that easy to just disappear again when you have all your documents already checked by the SEC.
Is that officially verified that they have all their documents "checked" by the SEC? I know there are a couple of exemptions and easy routes that come with severe limitations in regards to your offering. Is this a real security token offering with all the huge hurdles having been taken? The full process is said to cost in the millions of USD.
Are you sure it costs millions of USD to just get the security token sale approved by the SEC? Sounds pretty hard to believe. If this is true I doubt that there are many STOs that can afford to spend this much money on just setting up the requirements for a funding round.
Our initial research into a Regulation A offering puts the price at anything from $250,000 to $600,000 depended on how much marketing you include. The ongoing audit and filing costs could be around $150,000 a year. None of that is verified yet but you’d have to be working with a pretty large startup budget to do it as a new project. If we successfully complete our raise and once we’re up and running then we’ll definitely aim to do it. Being able to allow anyone to invest would be a great position to be in.
