![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
4 team members looking for easy money, same was done already by Suncontract so you are
not new here
And you did not address the points of my previous post making you an even bigger scam
The bank did not give you money?
[/b]
Wow, so much bullshit! have not read so much in one post ever!...
Thank you for your post!
To admit, we expected such a reaction from the Dark Side of tokensales! And you have uncovered the problems that all ICOs face.
We didn’t want to write a post like this: "hey guys, we're here, we're crypto and P2P, so shut up and we're ready to get your money!"
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Of course, high-risk projects that can end in nothing have the right to life. But ask: "What is ICO?" And many will answer: "90% or more - fraud!" We want to change this attitude. As for the future for Crypto and our model is based on it.
You are right: We are doing damage to the industry! But what industry? An industry that uses the manipulation of marketers and generates more than 90% of fraud.
How exactly?
As you know Virtual currencies are not illegal in Cyprus, but Central Bank has warned about their use.
In EU the European Banking Authority (EBA) issued a warning on a series of risks deriving from buying, holding or trading virtual currencies such as Bitcoins. The EBA said that consumers are not protected through regulation when using virtual currencies as a means of payment and may be at risk of losing their money. And recently indicated it will apply anti-money laundering and anti-terrorist financing rules to virtual currencies. https://www.eba.europa.eu/-/eba-warns-consumers-on-virtual-currencies
That's why we work according to the KYC rules.
Also you know that the SEC's Report of Investigation found tokens offered and sold by a "virtual" organization known as "The DAO" were securities and therefore subject to the federal securities laws. The Report confirms that issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. https://www.sec.gov/news/press-release/2017-131
We cannot apply the exception, because we don’t pass through the test and this is conscious. We guarantee income for investors (Securities Act of 193315 U.S.C. § 77b). The SEC makes an exception for those who do not yield returns on digital assets. (More than in 90% of cases it happens).
Therefore, Ascensus Energy will register the issue of Smart Contracts in accordance with the law.
Smart Contracts Ascensus Energy will be Shares. Crypto is the designation of the release method. Class A - indicates the priority in the distribution of the company's profits. All this complies with the corporate legislation of the EU.
The problem of some ICOs: they attract "eminent experts" to solve some issues, for example, the issue of securities. But in fact they are only paid 10-20% of the collected funds only for the name. We respect investors' funds and don’t do it.
Our team asks you to explain what restrictions local legislation you are talking about?
Project 1 (2018): there is no ban on the construction of solar stations and the sale of electricity generated.
Project 2 (2018): there is no ban on the installation of solar modules for homes and businesses and the use of electricity.
Project 3 (2019): no NetMetering system is currently implemented. However, the Government of the Republic of Cyprus supported the introduction of the system. You can also find information in the National Renewable Energy Action Plan of Cyprus (implemented under Article 4 of Directive 2009/28/EC).
This cannot deter the expansion of the platform with an incredible potential in more than 30 countries.
Happy New Year!
Ascensus Energy team.