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Author Topic: Token Sale postponed  (Read 960 times)
thechex
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July 18, 2017, 02:53:18 PM
 #1

Token Sale postponed to seek legal counsel due to SEC regulation announced.

CHEX tokensale
Powering Supply Chain Distribution & B2B Exchange    •    Launched Cannabis Hemp Exchange (CHEX)
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July 18, 2017, 02:57:04 PM
 #2

is it legal with SEC or CFTC??
 I afraid it's not.
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July 23, 2017, 11:27:08 PM
 #3

What is the breakdown of the ICO rate ?

Does it decreases as the end date near?
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July 23, 2017, 11:40:32 PM
 #4

US government gave States the right to legalize and regulate Cannabis - 29 states legalized Medical, 8 legalized Recreational.

We are only operating (currently in Beta) and targeting legal markets.

State licensed exchange of Cannabis is legal only within each regulated State, without CFTC/SEC approval which is for regulation of national exchange/derivatives market. Our target clients are the State licensed Producers, Distributors and Retailers.

See Business Plan (posting on token site shortly):
https://docs.google.com/document/d/1Rjrw51R1WkZrsQOrwMmNR5Kku3sJOAvk8YRRVbUCyL4/edit

youre bussines location in USA dev if yes, i think is many problem if open ico selling without SEC regulation

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July 23, 2017, 11:44:23 PM
 #5

it is great project but regulations is important , specially with the cannabis. Good luck dev

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July 25, 2017, 12:58:18 AM
 #6

No reply to my questions, their social network accounts are ghost town.
thechex
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July 25, 2017, 06:13:20 PM
 #7

What is the breakdown of the ICO rate ?

Does it decreases as the end date near?

It starts at a discounted 2.1 cents per token, and increases to 4.2 cents by the end date of the 100 day sale.

CHEX tokensale
Powering Supply Chain Distribution & B2B Exchange    •    Launched Cannabis Hemp Exchange (CHEX)
BITCOINTALK     ⨳     WEBSITE     ⨳    TELEGRAM
basket ball
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July 25, 2017, 06:24:37 PM
 #8

Why do not you have a website?
Supposedly if you start ICO, the main requirement is you must have a website, are you really serious about this ICO?

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thechex
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July 25, 2017, 06:25:43 PM
 #9

Why do not you have a website?
Supposedly if you start ICO, the main requirement is you must have a website, are you really serious about this ICO?

Our website is posted in the announcement - here it is: https://TokenSale.TheChex.com and updated in the profile, thank you for the note

CHEX tokensale
Powering Supply Chain Distribution & B2B Exchange    •    Launched Cannabis Hemp Exchange (CHEX)
BITCOINTALK     ⨳     WEBSITE     ⨳    TELEGRAM
thechex
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July 25, 2017, 06:31:43 PM
 #10

No reply to my questions, their social network accounts are ghost town.

Our apologies, we are here.

CHEX tokensale
Powering Supply Chain Distribution & B2B Exchange    •    Launched Cannabis Hemp Exchange (CHEX)
BITCOINTALK     ⨳     WEBSITE     ⨳    TELEGRAM
thechex
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July 25, 2017, 07:39:06 PM
 #11

it is great project but regulations is important , specially with the cannabis. Good luck dev

Thank you. Regulatory compliance modules specifically for Cannabis industry sectors (Marijuana and Industrial Hemp) have been installed and only allow verified licensed users in regulated markets to engage in active commerce. Onboarding and usage for all CHEX platforms is geo-fenced for intrastate commerce only where required by law (U.S. marijuana trade). The legality of these regional industries is strictly within the confines of U.S. States’ rights. The U.S. government has defunded federal agency enforcement and States now benefit from regulatory guidelines on intrastate cannabis commerce. CHEX does not touch the plant and simply facilitates B2B connections between licensed parties via software that is fully compliant with all targeted regional regulations.

Furthermore, regarding cannabis trade and online payments, we have extensive measures in place to be fully compliant with all state and federal law enforcement. Prospective regional partnerships with compliant cannabis banks and companies that help them open/monitor accounts, such as Tokken and KIND Financial, will provide legal value transfer capability (fiat, crypto, CHX) if both counterparties on a CHEX transaction have a bank account. Until then, online transactions in this Pillar are facilitated only up to the order agreement, invoicing and delivery stages, but financial settlement still happens in cash offline. For other currently insurmountable legal hurdles, we are avoiding rollout of certain technologies. In the meantime, while the industry legally matures, we have built and continue to build out all the technological architecture in preparation for when the regulated restraints are lifted and have begun successfully onboarding users. This way, we are firmly positioned for rapid adoption on Day Zero of national and international legal cannabis markets.

CHEX tokensale
Powering Supply Chain Distribution & B2B Exchange    •    Launched Cannabis Hemp Exchange (CHEX)
BITCOINTALK     ⨳     WEBSITE     ⨳    TELEGRAM
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