Topic: [ANN] | PARAGON | Revolutionizing the Cannabis Industry | - page 6. (Read 110160 times)
Why is Paragon up 1,125% in the last 24 hours? https://coincodex.com/crypto/paragon/
I know the SEC has ordered the Paragon Foundation to issue refunds to ICO participants. When will the Paragon Foundation return a refund to ICO participants?
PARAGON listing on Yobit.net!
Happy trading
Happy trading
I did not really understand the sec decision until i read the whole thing, not the news articles because they did not read the whole thing. In the sec decision there is a penalty for selling unregistered securities. Then they have to offer a refund claim page. If you live in the usa and bought at ico then you can get back money. even if you sold you can still get back ico money invested if you want. If paragon does not meet the timelines and conditions they agreed to then sec fines them more. This is a compliant enforcement not a cease and desist one. Once compliance is achieved then they are a legit company according to the sec. Imo this is a good thing for paragon and holders of the coin. I am one who has bought a ton after sec decision, please read it in full before investing. Good Luck to all. If you invested and are not a usa resident your money most likely is lost, unfortunately.
It Doesn't PRG in hitbtc? I didn't find PRG in hitbtc...
They delisted prg and so did livecoin. I asked why they said for investor protection. I said you had token here for 1 year and a half, you dont announce you are delisting. How r u protecting us? I got lifetime ban. Not many exchanges trading prg until they pay the fine.
It Doesn't PRG in hitbtc? I didn't find PRG in hitbtc...
I slag of Paragon abit on this page, only because it was a dumb as fuck shill ico but i thought this might help.
https://mobile.twitter.com/jchervinsky/status/1063662992359915525
In short, because Paragon couldnt even legally do the scam ICO right people can claim refunds on entering the ICO.
Not sure of timeframe to claim but its worth trying and totally worth reading the whole twitter feed (segmented into 20 tweets)
https://mobile.twitter.com/jchervinsky/status/1063662992359915525
In short, because Paragon couldnt even legally do the scam ICO right people can claim refunds on entering the ICO.
Not sure of timeframe to claim but its worth trying and totally worth reading the whole twitter feed (segmented into 20 tweets)
You only get into SEC trouble if you are careless. - By not doing a KYC, registering in the USA, not stating that your token is a utility or trying to disguise the token as a utility, and taking steps to ensure the value of the token increases.
don't get me wrong. we all want to make money, but if your token does provide a true value to the ecosystem, it will go up in value.
don't get me wrong. we all want to make money, but if your token does provide a true value to the ecosystem, it will go up in value.
Hey. Thanks for sharing. the 7Pass looks extremely interesting. i was referring to this www.marystrain.io
as a general disclaimer I am involved with the project.
as a general disclaimer I am involved with the project.
They're working with Polymath, so there won't be any SEC trouble...
Hey. Thanks for sharing. the 7Pass looks extremely interesting. i was referring to this www.marystrain.io
as a general disclaimer I am involved with the project.
as a general disclaimer I am involved with the project.
How can PRG still maintain such a commanding lead in a niche that's so obviously sucking exhaust? https://coindata.vc/industry/cannabis
In my opinion the Cannabis Space and the right application of blockchain does hold amazing potential. The reason why PRG is out front, despite losing 95% of its value is from a lack of competition. That is about to change.
There is a coin coming to market in the next month or so that will knock Paragon off the list, also once the reality of the SEC settlement sinks in I expect the value to drop significantly.
I do have some questions. They held a significant amount of tokens in reserve. Can they issue these tokens following the SEC settlement? and If a company was to acquire a majority of the tokens on the market which are now (or soon to be) security tokens. would that company become the "owner" of Paragon? Much in the same way as a stock take over.
Are you referring to this? https://www.7passtoken.com/ I'm very interested to see how that develops too.
How can PRG still maintain such a commanding lead in a niche that's so obviously sucking exhaust? https://coindata.vc/industry/cannabis
In my opinion the Cannabis Space and the right application of blockchain does hold amazing potential. The reason why PRG is out front, despite losing 95% of its value is from a lack of competition. That is about to change.
There is a coin coming to market in the next month or so that will knock Paragon off the list, also once the reality of the SEC settlement sinks in I expect the value to drop significantly.
I do have some questions. They held a significant amount of tokens in reserve. Can they issue these tokens following the SEC settlement? and If a company was to acquire a majority of the tokens on the market which are now (or soon to be) security tokens. would that company become the "owner" of Paragon? Much in the same way as a stock take over.
How can PRG still maintain such a commanding lead in a niche that's so obviously sucking exhaust? https://coindata.vc/industry/cannabis
This is important information, hence, you should have specific figures/ statistics to support your judgement.
Arbitrarily judgement might cause dramatic loss or too risky investment decision.
Stop chatting shit you fucking bounty whore.
The reason Paragon is spinning this as a good thing is that a lot of people won't probably be able to prove their purchase or will be unwilling to.
The Paragon scamming cunts are in essence getting off lightly.
They should have been thrown in jail straight away.
But sadly, that's not how the world works.
Yes, this topic is becoming more and more relevant in the world. I think this project has a great future. I hope that you will not have problems with the law.
Great future? I don't think so, they must give money back to investors and pay $250,000 (iirc) to SEC, so great future...I think that Paragon it's just dead and it's time to move on
I think 90% of ICO investors sold their tokens, and they will not give money back to people who bought at exchanges. Sothis will be only small amount of refunds.
How they development going?
Yes, this topic is becoming more and more relevant in the world. I think this project has a great future. I hope that you will not have problems with the law.
Great future? I don't think so, they must give money back to investors and pay $250,000 (iirc) to SEC, so great future...I think that Paragon it's just dead and it's time to move on
Paragon got rekt by the SEC
https://www.sec.gov/news/press-release/2018-264
FOR IMMEDIATE RELEASE
2018-264
Washington D.C., Nov. 16, 2018 —
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
According to the SEC’s orders, both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017 after the Commission warned that ICOs can be securities offerings in its DAO Report of Investigation. Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets to finance its development of a token-denominated “ecosystem” starting with a mobile application that would allow users in emerging markets to earn tokens and exchange them for data by interacting with advertisements. Paragon, an online entity, raised approximately $12 million worth of digital assets to develop and implement its business plan to add blockchain technology to the cannabis industry and work toward legalization of cannabis. Neither Airfox nor Paragon registered their ICOs pursuant to the federal securities laws, nor did they qualify for an exemption to the registration requirements.
“We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets.”
“By providing investors who purchased securities in these ICOs with the opportunity to be reimbursed and having the issuers register their tokens with the SEC, these orders provide a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.
Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc. The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.
The orders impose $250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings. The companies also will register their tokens as securities pursuant to the Securities Exchange Act of 1934 and file periodic reports with the Commission for at least one year. Airfox and Paragon consented to the orders without admitting or denying the findings.
The investigation into Paragon was conducted by Pamela Sawhney of the Enforcement Division’s Cyber Unit and was supervised by Robert A. Cohen, Chief of the Cyber Unit. The investigation into AirFox was conducted by Colin D. Forbes, Emily R. Holness, and Michael J. Vito and supervised by Celia D. Moore, Amy S. Gwiazda, and John T. Dugan of the Boston Regional Office. The SEC appreciates the assistance of the Massachusetts Securities Division.
https://www.sec.gov/news/press-release/2018-264
FOR IMMEDIATE RELEASE
2018-264
Washington D.C., Nov. 16, 2018 —
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
According to the SEC’s orders, both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017 after the Commission warned that ICOs can be securities offerings in its DAO Report of Investigation. Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets to finance its development of a token-denominated “ecosystem” starting with a mobile application that would allow users in emerging markets to earn tokens and exchange them for data by interacting with advertisements. Paragon, an online entity, raised approximately $12 million worth of digital assets to develop and implement its business plan to add blockchain technology to the cannabis industry and work toward legalization of cannabis. Neither Airfox nor Paragon registered their ICOs pursuant to the federal securities laws, nor did they qualify for an exemption to the registration requirements.
“We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets.”
“By providing investors who purchased securities in these ICOs with the opportunity to be reimbursed and having the issuers register their tokens with the SEC, these orders provide a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.
Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc. The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.
The orders impose $250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings. The companies also will register their tokens as securities pursuant to the Securities Exchange Act of 1934 and file periodic reports with the Commission for at least one year. Airfox and Paragon consented to the orders without admitting or denying the findings.
The investigation into Paragon was conducted by Pamela Sawhney of the Enforcement Division’s Cyber Unit and was supervised by Robert A. Cohen, Chief of the Cyber Unit. The investigation into AirFox was conducted by Colin D. Forbes, Emily R. Holness, and Michael J. Vito and supervised by Celia D. Moore, Amy S. Gwiazda, and John T. Dugan of the Boston Regional Office. The SEC appreciates the assistance of the Massachusetts Securities Division.
Do people that took part in the ICO have to do anything or is this only related to people that currently hold Paragon? If you know.
It's for people who took part in the ICO and who can prove they suffered a financial loss.
And for those who took part in the ICO and still hold Paragon tokens.
Obviously check for news but that's what it's been said so far
Iterestingly enough, when I try to access my account on paragoncoin.com it says that my email does not exist (even though it says it's the same credentials as the crowd-sale account). Chrome has my login saved for that exact site but they claim it doesn't exist.
It'll be hard to prove anything at this rate I'd say.
hey Hhampuz, there's a good thread on twatter about the SEC decision.
https://twitter.com/jchervinsky/status/1063662992359915525
Maybe you might find some helpful info in there.
Regards.
The Paragon telegram channel is spinning this as a good thing. How could that possibly be? Essentially they have admitted to fraud, and will have to register their token as a security. How is any of this GOOD? Please enlighten me.
Paragon got rekt by the SEC
https://www.sec.gov/news/press-release/2018-264
FOR IMMEDIATE RELEASE
2018-264
Washington D.C., Nov. 16, 2018 —
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
According to the SEC’s orders, both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017 after the Commission warned that ICOs can be securities offerings in its DAO Report of Investigation. Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets to finance its development of a token-denominated “ecosystem” starting with a mobile application that would allow users in emerging markets to earn tokens and exchange them for data by interacting with advertisements. Paragon, an online entity, raised approximately $12 million worth of digital assets to develop and implement its business plan to add blockchain technology to the cannabis industry and work toward legalization of cannabis. Neither Airfox nor Paragon registered their ICOs pursuant to the federal securities laws, nor did they qualify for an exemption to the registration requirements.
“We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets.”
“By providing investors who purchased securities in these ICOs with the opportunity to be reimbursed and having the issuers register their tokens with the SEC, these orders provide a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.
Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc. The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.
The orders impose $250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings. The companies also will register their tokens as securities pursuant to the Securities Exchange Act of 1934 and file periodic reports with the Commission for at least one year. Airfox and Paragon consented to the orders without admitting or denying the findings.
The investigation into Paragon was conducted by Pamela Sawhney of the Enforcement Division’s Cyber Unit and was supervised by Robert A. Cohen, Chief of the Cyber Unit. The investigation into AirFox was conducted by Colin D. Forbes, Emily R. Holness, and Michael J. Vito and supervised by Celia D. Moore, Amy S. Gwiazda, and John T. Dugan of the Boston Regional Office. The SEC appreciates the assistance of the Massachusetts Securities Division.
https://www.sec.gov/news/press-release/2018-264
FOR IMMEDIATE RELEASE
2018-264
Washington D.C., Nov. 16, 2018 —
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
According to the SEC’s orders, both CarrierEQ Inc. (Airfox) and Paragon Coin Inc. conducted ICOs in 2017 after the Commission warned that ICOs can be securities offerings in its DAO Report of Investigation. Airfox, a Boston-based startup, raised approximately $15 million worth of digital assets to finance its development of a token-denominated “ecosystem” starting with a mobile application that would allow users in emerging markets to earn tokens and exchange them for data by interacting with advertisements. Paragon, an online entity, raised approximately $12 million worth of digital assets to develop and implement its business plan to add blockchain technology to the cannabis industry and work toward legalization of cannabis. Neither Airfox nor Paragon registered their ICOs pursuant to the federal securities laws, nor did they qualify for an exemption to the registration requirements.
“We have made it clear that companies that issue securities through ICOs are required to comply with existing statutes and rules governing the registration of securities,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “These cases tell those who are considering taking similar actions that we continue to be on the lookout for violations of the federal securities laws with respect to digital assets.”
“By providing investors who purchased securities in these ICOs with the opportunity to be reimbursed and having the issuers register their tokens with the SEC, these orders provide a model for companies that have issued tokens in ICOs and seek to comply with the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.
Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc. The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.
The orders impose $250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings. The companies also will register their tokens as securities pursuant to the Securities Exchange Act of 1934 and file periodic reports with the Commission for at least one year. Airfox and Paragon consented to the orders without admitting or denying the findings.
The investigation into Paragon was conducted by Pamela Sawhney of the Enforcement Division’s Cyber Unit and was supervised by Robert A. Cohen, Chief of the Cyber Unit. The investigation into AirFox was conducted by Colin D. Forbes, Emily R. Holness, and Michael J. Vito and supervised by Celia D. Moore, Amy S. Gwiazda, and John T. Dugan of the Boston Regional Office. The SEC appreciates the assistance of the Massachusetts Securities Division.
Do people that took part in the ICO have to do anything or is this only related to people that currently hold Paragon? If you know.
It's for people who took part in the ICO and who can prove they suffered a financial loss.
And for those who took part in the ICO and still hold Paragon tokens.
Obviously check for news but that's what it's been said so far
Iterestingly enough, when I try to access my account on paragoncoin.com it says that my email does not exist (even though it says it's the same credentials as the crowd-sale account). Chrome has my login saved for that exact site but they claim it doesn't exist.
It'll be hard to prove anything at this rate I'd say.
hey Hhampuz, there's a good thread on twatter about the SEC decision.
https://twitter.com/jchervinsky/status/1063662992359915525
Maybe you might find some helpful info in there.
Regards.
Yes, this topic is becoming more and more relevant in the world. I think this project has a great future. I hope that you will not have problems with the law.
So they finally got busted uh? I had great hopes at the start even if I didn't bought into their ICO but at this point it was pretty much predicatable and end like this one
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