1. It is programmable money - there is no set standard by which a company has a definite supply of tokens.
2. The coin generally continues to exist since the ICO would have distributed it far and wide - the tokens owned by the company are usually "lost"
Topic: Just some noob questions about legal (Read 125 times)
Hi bros,
I am just having some questions about legal of a coin at the moment , hope we can discuss about it as investors:
1. The max supply of a coin :
How does coin maker define it ?
Why there is some coins with infinity supply as ETH, or unknown max supply ?
What if coin maker print more coins when it reach max supply ? So they will have more money ?
2. ICO vs IPO legal :
The legal responsibility of a company which has a coin issued for crowd funding as many coins in the coinmarketcap now ?
What if they close the project and open the new one for selling their coin again ?
In the near future, when they release their application which use coin/token for using , what if they don't want to use coin but cash only , will the coin be burn to the air as nothing ? Or it turn to be as stock of a company ?
Thank you for your discussion.
I am just having some questions about legal of a coin at the moment , hope we can discuss about it as investors:
1. The max supply of a coin :
How does coin maker define it ?
Why there is some coins with infinity supply as ETH, or unknown max supply ?
What if coin maker print more coins when it reach max supply ? So they will have more money ?
2. ICO vs IPO legal :
The legal responsibility of a company which has a coin issued for crowd funding as many coins in the coinmarketcap now ?
What if they close the project and open the new one for selling their coin again ?
In the near future, when they release their application which use coin/token for using , what if they don't want to use coin but cash only , will the coin be burn to the air as nothing ? Or it turn to be as stock of a company ?
Thank you for your discussion.
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