I can see Emmie the hardworking CEO all smiles and at work, i have a good vibes about this project very much due to the hardworking nature of team especially CEO herself, thanks for the link and i think i have to on my notification so i get update real fast about the project on twitter
I think they are in talks to incorporate in the US and they are just waiting to ensure the token is considered as a utility and not as a security. I think this is them sorting the incorporation out.
Why would it be bad for the crypto market if the tokens are seen as securities? as far as I know this just means more paperwork for the company and more paperwork for the citizen when doing taxes
What do you think, why in the last few months so many ICOs started, and they have not tried it with IPOs? Because it is much simpler in the crypt world, there are virtually no regulations and it is also much easier for investors to invest. When you make an IPO, you already need a year to prepare for everything, the costs are immense and the value increases are not nearly as high as with an ICO
Theirs good and bad things to being seen as securities for those in the US its basically a death sentence to small time investors, if it becomes a security in the US your basically hamstrung into being a verified investor or whatever its called and that requires you to have a certain networth, its idiotic, i don't see why their needs to be regulations against whos allowed to invest their own money. I'm all for companies being regulated, but i'm against individuals being regulated against investing.
ICO's are great because for 100$ i can get in at the ground floor of something like superbloom and be part of something that could in a year or more be a massive success and i could be rich. Any college kid with a few bucks could make a huge gain on crypto with spare change, thats not the case when it comes to securities investing. But thats my 2c