Here an offical statement from the HGT team 5
months ago ....
The HGT was structured based on legal counsel in a way that ensures it is not a security. Part of that involves setting a maximum cap to any potential rewards that supporters may receive. Importantly, we are also legally bound to highlight that the rewards are given at the discretion of the HelloGold Foundation.
That of course is bullshit claiming that the $0.15 max gold cap is set so low to not being called a security LOL
Having said that, we've also structured the HGT Token Sale across 3 rounds unlike the vast majority of ICOs. This way potential supporters for Rounds 2 and 3 will be able to evaluate us accordingly based on performance instead of simply promises. Should we not distribute rewards to supporters at any time, the market will value us accordingly. What it also allows us to do is to provide more utility/potential rewards based on the feedback we receive from supporters prior to the next rounds of the Token Sale. The cap amount could be increased or possibly removed (should regulation allow for it - for which I'm personally expecting there to be much happening over the next couple of years) prior to further rounds of token sale.
Looks like it already happened and supporters valued your tokens real price based on perfomance and not promises.
2 more ICO rounds to come
Also the claim max gold cap amount could be increased or removed in the next couple of years.Clearly showing they do not want to take the max cap away and Robin's claim back in may was a joke when reading that.I guess in may there was no more problem to take the max gold cap away according to Robin even there was no changes on crypto regulations.
Yeah each time creating a new lie for not willing to remove the max gold cap leads to a total mess. Almost all of crypto are high risk high reward plays as everybody in this space are essentially startups (with many not being past proof of concept stage). With the GOLDX, we introduce a low risk low reward token to provide a diversification option for the crypto investor. As HGT is linked to GOLDX and based on the performance of HelloGold, a company that has already been running with close to 13,000 KYC'd users, it was designed to be a medium risk medium reward option for those in crypto. It remains to be seen how the market will actually treat HGT.
LOL medium risk because a company has 13000 KYC where 10.000 is activ and which all together have gold with a value of $150k LOL.
Yeah that volume makes Hellogold really medium risk.
Bunch of nonsense.
If you invested in that ICO i recommend sueing to at least get your initial investment backDamn dude Thule.. What you doing over here lol ... How are the scammers doing at CvCoin lol
First being all against them, after they made you admin and start to pay you, you start to sing a different song. So how is it going now?