Quite an interesting project. The idea isnt new. However, connecting this with blockchain and crypto is an innovative solution. At least I have not met competitors.
they worked since 2014. At that time the idea was new. Competitors are particl and bitbay. But syscoin's web release will on 30 April and then they will have finished product. So the time is on syscoin's side
You read they blog ?
https://medium.com/@BlockchainFoundry/syscoin-3-0-update-2b4851147c53(...) "On March 7, the SEC released its “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets”. In reference to online cryptocurrency exchanges, part of the statement reads: “A number of these platforms provide a mechanism for trading assets that meet the definition of a ‘security’ under the federal securities laws”. This has important implications for many blockchain companies such as Blockchain Foundry and cryptocurrency projects like Syscoin, who strive to meet rapidly changing compliance standards."
Over the past several months, Blockchain Foundry has been working with our legal team to define and strengthen our view that Syscoin is not a security." (...)
So its not 100% they relase anything 30 april or even after. This can take again many time maybe few months or MAYBE another "several moths" like before. Legal staff with f*king US SEC.
Maybe they have tech ready to relase soon but with legal problems can be delays for another months becauese they work to be "legal blokchain company". But they are in Canada so I dont know why they care about US SEC but maybe dont want lose US market and clients (or even be delisted from US exchanges??).
Read the blog I give you link. Just repeat whats wrote there and few my conclusion.
