Bitcoin Forum

"Red Pulse
RPX Sale Postponed

Dear ,

Thank you for your patience regarding recent regulatory announcements. After consulting with our financial and legal advisers, Red Pulse will be postponing the RPX sale. We are not cancelling the sale, but are planning to spend more time to better understand the current regulatory environment. Red Pulse is headquartered, incorporated, and registered in Hong Kong SAR (#2255299). Our KYC process excludes Mainland China, U.S., and Singapore citizens from participating in the RPX sale. The KYC form will be closed on September 7, as planned.

That being said, we want to ensure we are 100% compliant with all related regulations and policies before moving forward. We are consulting with tax, advisory, and legal professionals that have prior experience with ICOs, and will do everything in our ability to ensure we are operating according to government policies and legal boundaries.

Thank you everyone for your interest and support, and we'll provide more updates when available.


Best regards,
Jonathan Ha
Founder & CEO, Red Pulse"

I Think they do the right thing. Continue with KYC but postpone sale until Everything is clear. I will participate in the forthcoming sale and this only creates more confidence at my side. Best of luck to the team and see you at sale

I think they should do this because the project needs to complete legal issues with China and when all is done they should start because this is the first ICO project to use the NEO platform and the ICO revolution new art

Just a reminder...though the ICO was postponed, the ICO entry deadline is tonight (US time) and Sunday morning China time.

This might be the right thing to do from Red Pulse perspective. But it doesn't look that good from NEO perspective as the postponement of the first big ICO on its platform is not very positive signal.

Is not the fault of NEO team assuming this happens last week it would have been a huge success but I can't find the announcement on their page where is the source of the information

https://coin.red-pulse.com/

WOW,  right after the RPX ICO application closed, NEO price shot up...28% so far.

Was this China's "strategy"?

Chinese government has issued regulations to forbid ICOs in China , if this project  Red Pulse is based on NEO , is based in China .How could you continue your ico project without breaking the laws?

They did not permanently forbid ICOs...it is a stop gap measure until they find a way to filter the bad ones.  I am sure they will start allowing good ones through soon.

I don't think they can outrightly ban ICOs but they will look into it and set a very high bar for any project that want to ICO their project to pass.
To be sincere the ICO thing is almost turning to a mess

Red Pulse is based in Hong Kong and already excluded Chinese citizens from participating in ICO. NEO is a open-sourced (under MIT license) and decentralized smart contract platform. From technology point of view, it can't be stopped or controlled by one government is the same way Ethererum or Bitcoin can't be stopped or controlled by one or ten or twenty governments. Of course, the problem with NEO is that it's currently being developed by a private company registered in China, that is susceptible to chinese regulations.

They can't but this time a lot of people are feeling confusing due to the FUD has spreaded by the unreliable site or news. We are all going to be a down a bit more and then chine will try to make the price back again. We are in the game of the news.

...I guess no one read this...

I got in the RPX white list!!!!  YAY!!!

My kyc was approved but I am disappointed I won't be participating in the ico due to cash constraints. I am really gutted!.anybody interested in the ico but whose kyc wasn't approved should pm me.he can use mine

If the regulators keep this up, we might go back to the days of anonymous ICOs.

Just a word of caution...anyone even contemplating on taking this "offer" to please be very careful.

He started selling his account last month when the whitelist was not even out yet.

Busted ahah that scammer

I'm not participating, but I'm expecting the level of interest for Red Pulse to be absolutely insane. I'll be watching closely, and maybe getting in at some point later on if we see a whole market crash again.

I received an email today that I got into the whitelist, but the process of installing their custom RPX wallet on a mac is an absolute pain. Not sure if I'm even going to use my ticket at this point

yeah I've had troubles with their wallet also. Not as smooth as Ethereum at the moment. Not sure yet if I will participate.

Hi,

I would like to participate in the Redpulse ICO. If you guys aren't going to use your accounts would you be willing to let me have it? I can give you a wallet address which you can submit to Redpulse which will allow me to purchase.

Thanks!