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interesting idea, but probably doesn't need to be on the blockchain lol
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How many addresses can I add to the whitelist? What's to prevent a whale from adding unlimited addresses to the whitelist?
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Will I be able to trade tokens in for actual gold? Like receive a piece of real gold?
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Is there an airdrop?
Seems like this has failed big time lol |
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http://www.newsbtc.com/2017/09/16/blockmason-token-creation-event-backed-by-large-private-purchases/The much-anticipated Token Creation Event for BlockMason’s Credit Protocol has been bolstered by a dramatic development. A recently updated version of BlockMason’s token sale website confirms rumors that a number of large purchasers have bought a portion of the Credit Protocol Tokens prior to the opening of the token sale to the general public, ending their private sale.
According to company representatives, BlockMason reserved roughly forty percent of their token supply for sale to strategic development partners who will use their tokens to help vet and test applications running on the protocol. The value of the tokens set aside for the private sale were capped at 18,000 ETH.
“We know we could have sold more tokens during the private sale,” said BlockMason cofounder Jared Bowie, “but we wanted to make sure that anyone in the Ethereum community, even small buyers, have a chance to purchase CPT and help grow our amazing product.”
While BlockMason has not yet announced the identities of these private customers, industry sources indicate that the purchasers may include representatives from several well-known companies in the crypto space.
Though BlockMason is a relatively young company in the Ethereum ecosystem, these large purchases lend the token sale vital credibility at a time when coin offerings have come under increasing scrutiny from both the public and government regulators. BlockMason has already distinguished itself by offering their token sale to the public in the United States, in what is believed to be one of the first U.S. securities law compliant digital asset sales.
You can learn more at https://blockmason.io/projects/ico/ Thanks for the updates to this thread. I can't join the telegram channel so I watch bitcointalk for updates. |
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Do you guys even have any code written or is this just images of hopeful stuff you willl make?
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What kind of big partnerships do you currently have?
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Excited about the developments of this project i’ll keep watching it
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I’m interested in buying about 100 ETH can I get a special deal?
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Following all the new developments on this project
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Michael and I will be attending the Ethereum meetup in Tokyo today. If anyone would like to meet us we'd be happy to connect at the meetup.
Wow, I wish I could be in Tokyo to discuss the legal opinion more in depth with you guys. |
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What you guys think about it? Is it obvious? Or is is everything OK and things going as planed? :-) There are many discussions about Bitcoin and Alt coins per example. Some telling "all" Alt coins are scam, some are still reserved with their opinion others see big opportunities... We are planing to run a ico for our 2 projects https://bitcointalk.org/index.php?topic=2129844.msg21279456#msg21279456 , 1 of them is requiring an alt coin..... and sometimes it feels like walking on a very thin line... Obviously some people are abusing it a lot, but there have also been some pretty powerful developments made with some of the newer coins. |
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As far as I understand it the legal opinion is relying on the hope that the third prong of the Howey test means profits are derived "solely" from the actions of your company.
We've had this discussion elsewhere with someone claiming something along similar lines, so let me just paste that reply here: Your understanding is correct but incomplete. You correctly note that the Supreme Court has not yet fully ruled as to vertical vs. horizontal commonality, and that creates uncertainty as to Howey's 2nd prong (common enterprise). However, Howey, as has been made abundantly clear since the original decision, is an AND test, not an OR test. And Blockmason's ICO clearly does not trigger the 3rd prong, the expectation of profits. Quoting from the legal opinion: "As to the third prong of Howey, the expectations of profitability and advantage on the part of CP token purchasers in BlockMason’s ICO is a function of the token holders’ own decisions and efforts about how to use and develop the rights they are purchasing, as summarized in detail above. Any possibility of profiting from the future entrepreneurial and managerial efforts of BlockMason – as opposed to their past and proven efforts to develop products and services – is entirely speculative. The BlockMason IPO satisfies each and every formulation of Howey’s third prong, by any of the courts identified above. Far from expectations of profits flowing solely, or predominantly, from the efforts of the promoters, those expectations flow overwhelmingly from the decisions and efforts of the token purchasers." OK, I appreciate you taking the time to reply. It seems like you guys know what you're doing. Good luck! |
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So who has these tokens ? lol
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As far as I understand it the legal opinion is relying on the hope that the third prong of the Howey test means profits are derived "solely" from the actions of your company. |
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Looks interesting, kind of like ETHLancer, what makes you different?
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So you're saying this ICO will be open to all Americans? And legally? Kind of doubt that.....
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Interesting development, also interested in the airdrop. Keep me posted.  |
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