what can you tell me about the dangers of investing in an American ICO?

teeshe

newbie

Activity: 182

Merit: 0

Quote from: Saturday97 on July 22, 2018, 10:20:39 AM

I've heard that eMusic is moving towards an ICO.

Well, there is no doubt the music industry is one of the most centralized, there are no good alternatives to Spotify and Pandora,
we need to take the power back from the big labels, by listening to music through decentralized platforms.

From what I understand, emusic allows independent music artists and small labels to negotiate directly,

indeed looks like a refreshing project, though isn’t it a huge risk investing in projects coming from the US before the SEC will regulate ICOs?

With respect to ICOs from America, the singular risk they face is that they are under direct jurisdiction of SEC. Despite that, I have seen some American project founders register their project in other countries as this will enable them have a smooth fund raising process via ICO.

Invest-or

member

Activity: 322

Merit: 20

Quote from: Saturday97 on July 22, 2018, 10:20:39 AM

I've heard that eMusic is moving towards an ICO.

Well, there is no doubt the music industry is one of the most centralized, there are no good alternatives to Spotify and Pandora,
we need to take the power back from the big labels, by listening to music through decentralized platforms.

From what I understand, emusic allows independent music artists and small labels to negotiate directly,

indeed looks like a refreshing project, though isn’t it a huge risk investing in projects coming from the US before the SEC will regulate ICOs?

There is no point in launching an ICO in USA at all, the best countries are Singapore, Switzerland, the tax havens and similar places. Forget the US, is not worth it.

IsabellaSophia

jr. member

Activity: 350

Merit: 1

Emusic is known to be the first major music platform which embraced blockchain technology. Though they haven't yet made an official announcement, a website is known as token.emusic . They also have a plan for initial coin offering sale.

cryptohipo

jr. member

Activity: 322

Merit: 1

If we look back at the old news, a lot of ICO projects which originated in America, got closed down. This could be the main reason why the people are reluctant or labelled it as dangerous to invest in them.

vitek_dyb

newbie

Activity: 210

Merit: 0

What now situations with American ICO can project from US will have future and what now SEC still not give green light for this ICO?
I think it's very dangerous if we invest in ICO USA becouse how we know SEC regulated all. I see some project very progressive and with good team and plans but how to know that this ICO and project will be not reesticted by SEC?

Awoben

jr. member

Activity: 236

Merit: 3

It's more safe and secure to invest in an American project, but know that all your details income and all that pertains to you are free for the eye to see.
It's not worth the stress, such ICO is already centralized and controlled by the government.

BitcoinGuruOne

member

Activity: 364

Merit: 13

As i understand that is the token is sec complaint , if it is a security then this token in is an advantage not an disadvantage because then it is regulated by SEC and could be bought by US investors which is a very good thing.

rabia_laskor

newbie

Activity: 168

Merit: 0

As far as I know, these projects future is not good. Most probably these projects will be closed in near future. That’s why I think investing in American ICO is dangerous. Keep in mind, This is only my concern.

jwplayer0

copper member

Activity: 224

Merit: 30

[REP] Augur

I do not see anything dangerous in American projects. And even on the contrary, I trust American projects even more than others, because in the USA strict laws against scammers.

DarkTaiga

newbie

Activity: 154

Merit: 0

Quote from: Exchge on July 26, 2018, 01:28:21 PM

I think it's very dangerous if we invest in ICO America because we know that their government is very strict in terms of some kind of crypto industry.

I think the founders have researched the law carefully before starting ICOs. So we don't need to worry anything about it. At present, many US ICOs are active and successful, without legal obstacles. We can't say anything until the SEC makes a decision. Ignoring American ICOs will make you lose a lot of good chances because it have many potential.

krassy

member

Activity: 476

Merit: 19

The Americans have very good ideas and developments, investing in American projects is as risky as in projects from other countries, not only because of the control of SEC and security services, but also because of the large number of scam in cryptocurrencies. Maybe even American projects that were released on the ICO and received the approval of the SEC are less risky and are guaranteed to pay dividends to investors.

Exchge

newbie

Activity: 54

Merit: 0

I think it's very dangerous if we invest in ICO America because we know that their government is very strict in terms of some kind of crypto industry.

jonloner011

newbie

Activity: 224

Merit: 0

There are many reasons to avoid american ICOs, the country's rules and regulations, their citizens not being able to participate etc are some of them. However, trump government is not being too harsh about ICOs recently, recent negotiations with SEC might have had an effect. For now, eMusic looks like a project full of promises.

novy

full member

Activity: 728

Merit: 110

I've discovered another fact. Most of the European ico doesn't cares about token price after ico. They think this way: we took the money and you dear investors please wait while we develop our product, after that you will get your profits. China guys works like - hype hype hype, everyone take profits on ICO stage, then we can do our development.

cryptojohnn7

newbie

Activity: 294

Merit: 0

I appreciate the attempt of Emusic. It will help a lots of artists and small label to come to the spotlight. Otherwise it is very hard for them. Maybe there will be some risk but first we will need to know the complete plan.

Beimere

newbie

Activity: 66

Merit: 0

From my point of view it’s a good move. Although this type of industry is so centralized but there are no superior alternative. Now we will listen music from decentralized platform. It so exciting it allow independent artist and consult directly.

CoinsOrDie

full member

Activity: 448

Merit: 100

The US does not allow The ICO to be implemented there. So if there is an ICO of USA launch. That ICO is operating illegally against US law. And will certainly be accused and closed of. If you invest in it. Surely you will lose the entire investment amount

Theyetion

newbie

Activity: 145

Merit: 0

from my opinion emusic is different kind of project in America ICO's. But as sec will regulate this ico's and i think will not for long run.

Actum

newbie

Activity: 230

Merit: 0

I think your caution is appropriate, though eMusic has a unique American project and its many resources. This made a huge progress with the SEC. Before investing in American or any other ICO we have to be careful I think.

Bonwin

member

Activity: 798

Merit: 38

If a proper arrangement has been made and there is a good resolution with the SEC, i feel there should not be any problem. We all know that if any ICO would be coming from America, there is every tendency for it to have the consent of SEC and it might be centralized.

Topic: what can you tell me about the dangers of investing in an American ICO? (Read 224 times)