Topic: ICOs in the field of security tokens (Read 174 times)

Do we have any news about the SEC investigation?

I assume that investigations like these don’t move very fast, so we will still have to wait until there will be news.

There is also tZero, which however is now being investigated by the SEC. This does of course not necessarily mean that there will be any trouble, but it certainly creates a risk for investors. Apart from that tZero is a great project, since they are planning to launch an exchange for security tokens.

It is good to see that companies like BFT are prepared for what the SEC is doing. Following the SEC public statement regarding the status of online platforms BFT released this positive news in Telegram:

Hi there, BFT community! Some important news for you! SEC made a public statement regarding the status of online platforms. BnkToTheFuture.com forecasted this announcement from the SEC and had already been through the process lengthy of registering as an ATS through our sister company. We believe we are several steps ahead of this.
https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading

There are only few tokens or coins I know that deal in security. If someone has a list that will be helpful. I applied for the poly airdrop but didn't get it. Gladius was the other one and I did the bounty for them but they wanted KYC done at the end which I didn't want to do so lost that too. The one coin I know is Intense which deals with VPN.

ICO-based Security, It is a very important ICO because in security is number one to keep our assets. ICO in the security field is certainly like I recommend to you that is ICO DIWtoken.

Good to see that there are also others that believe in this approach. Judging from the price of POLY, market also seems to believe in it. It is already trading at 1,45 up from 0,6.

Does anyone have recommendations for other security token related investments? I would be interested in diversifying.

I recently invested in Polymath (POLY) and Bnk to the Future (BFT). POLY didn't even organise an ICO but only an airdrop, which was very successfull. BFT sold out within 150 seconds during their public sale. While both of them are utility tokens, they are designed to power platforms that are in the security tokens business.

Polymath (https://www.polymath.network/:

They are building a platform on which companies will be able to launch their own security tokens. Here is what they are planning to do on their platform according to their white paper:

1. Provide a decentralized protocol for trading security tokens.

2. Enable individuals and institutions to authenticate their identity, residency,
and accreditation status to participate in a wide range of security
token offerings (STOs).

3. Allow legal delegates to bid on new issuances to represent issuers on
offerings to be done in a regulatory compliant manner.

4. Match issuers with developers who can translate issuers’ Security Offering
parameters into secure code that generates ERC20 compatible tokens.

POLY will be the token to power all these activites, e.g. whenever a company offers a KYC service on the platform or provides legal advice.

BTF (https://bnktothefuture.com/):

They will launch a platform on which investors will be able to trade their equity in the form of security tokens.  The BTF token will be used to power community based activites on the platform such as reviewing companies and providing timely updates on them. This should allow them to scale their existing procedures, which are now centralized and thus very time consuming. BTF is already a very well established actor in the crypto space.

BTF and POLY have also partnered. Here is an interesting article that describes their partnership and the differences between them: https://www.finder.com.au/polymath-and-bnktothefuture-partner-for-asset-tokenisation

I personally believe that securitiy tokens hand in hand with regulatory compliance are the way forward for cryptos. I would thus be interested to hear what you think about those two projects and if you are aware of any other similar projects that work with security tokens that may be interesting to have a closer look at.