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Author Topic: 🌟🌟🌟🌟🌟🌟 Buy ChronoBank TIME on Bittrex or Liqui.io ! 🌟🌟🌟🌟🌟🌟  (Read 414608 times)
Chronobank Support
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December 15, 2016, 08:57:25 AM
 #1321

Where does this Chronobank request for funds fit in with ASIC requirements?

http://asic.gov.au/regulatory-resources/fundraising/raising-funds-in-australia/

Have you asked ASIC about this? Do you have an AFSL?

Quote
When can you raise funds without a disclosure document?

In certain circumstances, you may not need to comply with the requirement to provide a disclosure document when fundraising. It is important that you get legal advice about whether this could apply to you. A general summary of these circumstances is provided here. For more information see Regulatory Guide 254 Offering securities under a disclosure document (RG 254).

In summary, a disclosure document is not required when:

an offer is a personal offer, and if:
offers or invitations have been made to fewer than 20 persons in the previous 12 months, and
the new offer will not result in more than $2 million being raised in that 12 months
(see sections 708(1)–(7));

Note: You must not advertise the offer when you rely on this exemption

the offers are made to specified people who are presumed not to need disclosure because of their financial capacity, experience, association
with the issuer or wholesale status (see sections 708 (8 )–(12));
the offers are made to current holders of the securities (see sections 708(13)–(14A));
no money or other form of payment is payable for the securities (see sections 708 (15)–(16));
other disclosure regimes under the Corporations Act apply (that is  schemes of arrangement and takeovers) (see sections 708(17) and (18));
the offers are made to creditors under a deed of company arrangement, if certain conditions are met (see section 708(17A));
the offer of debentures is made by certain types of financial institutions (see section 708(19)).

http://asic.gov.au/regulatory-resources/fundraising/raising-funds-in-australia/


Hey! Transferred your question to the team.


I'm a little concerned that this offering might be against the Corporations Law in Australia.
Can someone from Chronobank please address this.

Hey,
Where does this Chronobank request for funds fit in with ASIC requirements?

Have you asked ASIC about this? Do you have an AFSL?

We do not offer securities.

TIME tokens are a software product.

Also this rule only applies to australian residents, which are not targeted in this offer.

Thank you Smiley

The Uber Of Time - http://chronobank.io
MORE CRYPTO, LESS NOISE
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December 15, 2016, 09:08:59 AM
 #1322

This is never ever going to reach its funding goals, people are done with ICO's. Unfortunately you joined the bandwagon to late.

Good luck.
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December 15, 2016, 09:11:44 AM
 #1323

Time tokens will be available for trading immediately after completion of ICO?

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December 15, 2016, 09:14:56 AM
 #1324

Where does this Chronobank request for funds fit in with ASIC requirements?

Have you asked ASIC about this? Do you have an AFSL?

We do not offer securities.

TIME tokens are a software product.
Interesting angle.....
It's you are raising funds. The BTC you raise will be used to pay yourselves and staff and fund the project. I understand that the laws have not caught up with blockchain projects but it may be that ASIC and the courts take another view.

Well I guess someone had to do it. Smiley Did you get a Barristers opinion on this?

I'm interested as I work in the securities industry, and this is a an issue with traditional securities. I imagine that ASIC has not caught up with blockchain tech yet.
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December 15, 2016, 09:29:54 AM
 #1325



Also this rule only applies to australian residents, which are not targeted in this offer.

Thank you Smiley
There lots of Australian who will see this offer and I imagine the situation is even worse if it's offered from Australia to US tax residents potentially. though the laws don't seem to have caught up yet to tackle this stuff
Chronobank Support
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December 15, 2016, 09:45:49 AM
 #1326

Time tokens will be available for trading immediately after completion of ICO?

TIME is a standard ERC20 Ethereum token, it will be easy to connect it to Poloniex or other exchanges. No any additional integration will be needed, because they trade many ERC20 tokens already.

We'll keep up with updates.

Thank you.

This is never ever going to reach its funding goals, people are done with ICO's. Unfortunately you joined the bandwagon to late.

Good luck.

Actually the project already has enough for a good start. More investments raised just means that we'll be able to build the ecosystem faster and to get better returns in the meantime.


Where does this Chronobank request for funds fit in with ASIC requirements?

Have you asked ASIC about this? Do you have an AFSL?

We do not offer securities.

TIME tokens are a software product.
Interesting angle.....
It's you are raising funds. The BTC you raise will be used to pay yourselves and staff and fund the project. I understand that the laws have not caught up with blockchain projects but it may be that ASIC and the courts take another view.

Well I guess someone had to do it. Smiley Did you get a Barristers opinion on this?

I'm interested as I work in the securities industry, and this is a an issue with traditional securities. I imagine that ASIC has not caught up with blockchain tech yet.


We have consulted with everyone possibly concerned (including ATO, ASIC, and APRA, and many others) together with AFSL. They are not interested in us at all because there's no legislation for them to be.

The Uber Of Time - http://chronobank.io
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December 15, 2016, 10:38:19 AM
 #1327

I am in !

702 BTC  Smiley
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December 15, 2016, 10:48:36 AM
 #1328

Im investing here maybe if I win some moey before christmas.
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December 15, 2016, 10:56:12 AM
 #1329

I have just invested some btcs for this project . I hope this project will bring me back big profit next year.
and there are more 13 hours to get 30% bonus from now.
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December 15, 2016, 10:59:11 AM
 #1330

Already 700+ btc! Nice start, guys!

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December 15, 2016, 11:00:45 AM
 #1331

720btc in one day!!
It feels good to know i'm not the only who sees their platform will be very useful for professionals and freelancers. Time token would be very valuable in the future.



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December 15, 2016, 11:21:32 AM
 #1332

Joined the signature campaign
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December 15, 2016, 11:27:07 AM
 #1333

revolution in the recruitment, a nice ideal

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December 15, 2016, 11:30:29 AM
 #1334

Great start, 720+ BITCOIN in one-day nice achievement. Cheesy
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December 15, 2016, 11:35:06 AM
 #1335

GO GO investing Wink

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Secure Transaction
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December 15, 2016, 11:51:34 AM
 #1336



https://twitter.com/svsergienko/status/809358148427337729


The Uber Of Time - http://chronobank.io
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December 15, 2016, 11:56:32 AM
 #1337

I believe in the project. I made an investment . I hope earning profit.

 Grin Grin Grin Grin
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December 15, 2016, 11:57:34 AM
 #1338

joining signature campaign and avatar, i hope this project succes Smiley

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December 15, 2016, 12:00:34 PM
 #1339


So this is the USD amount i see in the collection?


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December 15, 2016, 12:01:03 PM
 #1340

Watching.
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