Topic: Dual Token Ecosystem - SEC Regulation Workaround? (Read 165 times)
Projects planning around guesses as to what regulators will get up to are not being prudent. There've been very few definitive statements about how many areas of crypto will be treated by them so far. If they were sensible they'd wait until everything was clear and then get to work.
Was reading into Power Ledgers Whitepaper and came across these excerpts.
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‘This approach means the Ecosystem is adaptable and scalable for applications within any existing or future regulatory environment, achieving the dynamic agility required to adapt to any number of regulatory structures. ‘
Does this mean that you can circumvent SEC regulations by creating an ICO that functions purely as an exclusive currency or token for another application with its own token like Sparkz (1sparkz = 1k/w electricity)?
I find it interesting how Power Ledger have been able to bend around SEC regs in Australia and think this may be the reason
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POWR tokens can be seen as the global token that opens access to the Platform for all Participants, to on-board the system. The POWR token is the access token, like a software license, that grants ability for Application Hosts to transact on the Platform, through trading POWR tokens for Sparkz.
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‘This approach means the Ecosystem is adaptable and scalable for applications within any existing or future regulatory environment, achieving the dynamic agility required to adapt to any number of regulatory structures. ‘
Does this mean that you can circumvent SEC regulations by creating an ICO that functions purely as an exclusive currency or token for another application with its own token like Sparkz (1sparkz = 1k/w electricity)?
I find it interesting how Power Ledger have been able to bend around SEC regs in Australia and think this may be the reason
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