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Title: Cryptocoin IOU Token Pre-Release Trading Post by: prettybuds on April 07, 2016, 10:23:49 PM With Yobit introducing IOU Token trading before a particular ICO-powered project has even launched, this scheme might become a popular way for exchanges to cash in on the hype by offering a closed market determined to go up. Generates quite some fees and fiddles with the after launch price before launch.
Title: Re: Cryptocoin IOU Token Pre-Release Trading Post by: billotronic on April 07, 2016, 11:04:01 PM it will also serve as an easy test on whether or not an exchange is reputable.
Fuck yobit, they couldn't possibly sink any lower. Title: Re: Cryptocoin IOU Token Pre-Release Trading Post by: The Sceptical Chymist on April 09, 2016, 04:28:35 AM Yeah I'm in their sig campaign and blah blah blah blah, but I have to wonder how legal this is. It seems to amount to creating a derivative, and there are securities laws that govern that sort of thing. These exchanges are all strange.
Title: Re: Cryptocoin IOU Token Pre-Release Trading Post by: BellaBitBit on April 09, 2016, 07:13:45 AM Yeah I'm in their sig campaign and blah blah blah blah, but I have to wonder how legal this is. It seems to amount to creating a derivative, and there are securities laws that govern that sort of thing. These exchanges are all strange. Interesting point. Is this considered trading futures? Title: Re: Cryptocoin IOU Token Pre-Release Trading Post by: prettybuds on April 10, 2016, 12:16:06 AM Yeah I'm in their sig campaign and blah blah blah blah, but I have to wonder how legal this is. It seems to amount to creating a derivative, and there are securities laws that govern that sort of thing. These exchanges are all strange. Interesting point. Is this considered trading futures? Who could further elaborate on this topic from a law perspective? Also, from which country is Yobit operating? Title: Re: Cryptocoin IOU Token Pre-Release Trading Post by: The Sceptical Chymist on April 12, 2016, 04:25:26 AM Yeah I'm in their sig campaign and blah blah blah blah, but I have to wonder how legal this is. It seems to amount to creating a derivative, and there are securities laws that govern that sort of thing. These exchanges are all strange. Interesting point. Is this considered trading futures? |