Topic: Closed - page 19. (Read 27294 times)

When will Friend in Debt be released?

I saw there's a token staking pool. Does that mean your apps like Friend in Debt and GiftChain will be free to use?

Do you have metamask installed?  You must be using Chrome, Metamask and be on the Ropsten testnet.  Do you have Ropsten testnet ETH?  I can send you a small amount if you give me your address.

How do the tokens work?

For me "http://fiddy.io/" response with a "Can't connect to Metamask. Check Metamask or internet connection" error, refresh do not help.

Thanks for your interest!  I hope you will try the beta of Friend in Debt http://fiddy.io/ and let us know what you think of it! 

maybe if this project is going well, I will joining the ICO but for now I will bookmarked this project first, just looking for a further progress of this project , I hope it will be better project

I am really excited about this one. Think it's interesting how the amount of debt and credit stored on your credit protocol can exceed the market cap of all crypto currencies combined.

Excited for this one, I think I was one of the first couple dozen people on the whitelist when I stumbled upon it.  The fact that investment advisors could potentially pitch this to their clients with SEC protections is huge, and finally an ICO that allows US investors.  Good luck with the project!

We've had this discussion elsewhere with someone claiming something along similar lines, so let me just paste that reply here:

Your understanding is correct but incomplete.

You correctly note that the Supreme Court has not yet fully ruled as to vertical vs. horizontal commonality, and that creates uncertainty as to Howey's 2nd prong (common enterprise).

However, Howey, as has been made abundantly clear since the original decision, is an AND test, not an OR test. And Blockmason's ICO clearly does not trigger the 3rd prong, the expectation of profits. Quoting from the legal opinion:

"As to the third prong of Howey, the expectations of profitability and advantage on the part of CP token purchasers in BlockMason’s ICO is a function of the token holders’ own decisions and efforts about how to use and develop the rights they are purchasing, as summarized in detail above. Any possibility of profiting from the future entrepreneurial and managerial efforts of BlockMason – as opposed to their past and proven efforts to develop products and services – is entirely speculative. The BlockMason IPO satisfies each and every formulation of Howey’s third prong, by any of the courts identified above. Far from expectations of profits flowing solely, or predominantly, from the efforts of the promoters, those expectations flow overwhelmingly from the decisions and efforts of the token purchasers."

As far as I understand it the legal opinion is relying on the hope that the third prong of the Howey test means profits are derived "solely" from the actions of your company.

We are currently preparing a bounty campaign, please subscribe to our email list for the latest updates on that.

I recommend you take a look at our legal opinion here:
https://blockmason.io/Ethereum_Opinion_2017-08-14.pdf

You might also be interested in our medium article about Investment Tokens vs. Product-Use Tokens in ICOs
https://medium.com/@BlockMason/three-weeks-ago-the-ethereum-community-was-rocked-by-an-unexpected-report-the-sec-had-finally-90814e8ca4d

If you have any more questions let me us know!

Has this project opening some bounty campaign?
When will it start if there is any bounty available?

There will be a pre-sale in which buyers of CPT will receive a 50% bonus on the amount of tokens they purchase.

So you're saying this ICO will be open to all Americans?  And legally?  Kind of doubt that.....

Will there be a pre-sale?

Thanks for information dev. I will keep watching these thread to be updated with last news.

Interesting project. Wait for further update on its progress.

This is still under consideration, we feel like Omisego will disproportionately award whales.  Our primary goal is to get CPT into the hands of developers and users of apps built on our protocol.