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Author Topic: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!  (Read 62690 times)
snorlx
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September 30, 2017, 08:49:08 AM
 #701

Also, one thing to know that will help is that ICON is a not for profit registered in Zug, Switzerland.

As it stands, Koreans are blocked from participating in ICO's that are launched from within Korea. So you can see that Koreans are protected.

Now, because I'm not admin wait until ICON makes an official statement of where ICON stands. But the one i posted above is where things are right now.

And if we don't hear a lot from them or any further clarification from the Korean regulators, it will have to do with Chuseok. Its their traditional holiday of Bountiful Harvest, coincides with the Autumn season, and it goes for 10 days.

So calm heads and a bunch of patience is needed, but not for too long.

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snorlx
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September 30, 2017, 08:56:55 AM
 #702

KYC delayed? No problem. I opted for bounty only. Those who purchased tokens have no choice but to bear this delay.

KYC was supposed to begin October 2nd but has been delayed 'a few weeks'. Unrelated to the ICO ban and more info to come when it's ready.

Also, the site is down for maintenance and an upgrade that integrates the KYC.

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September 30, 2017, 09:28:31 PM
 #703

Also, one thing to know that will help is that ICON is a not for profit registered in Zug, Switzerland.

As it stands, Koreans are blocked from participating in ICO's that are launched from within Korea. So you can see that Koreans are protected.

Now, because I'm not admin wait until ICON makes an official statement of where ICON stands. But the one i posted above is where things are right now.

And if we don't hear a lot from them or any further clarification from the Korean regulators, it will have to do with Chuseok. Its their traditional holiday of Bountiful Harvest, coincides with the Autumn season, and it goes for 10 days.

So calm heads and a bunch of patience is needed, but not for too long.

Such a sweet setup.  Just to add on:

Straight from the vice president of the Korean Financial Services Commission (from this article):

http://news.joins.com/article/21983687

"The ICO prohibition should be viewed in terms of protecting investors rather than impeding industrial development."

ICON is a legit company with a legit business ties and a live blockchain product.  They obviously aren't an organization out to defraud investors, and while the ban MAY POSSIBLY implicate them, it's really not directed at an ICO of this caliber.  

No matter how things shake out in the short term, to me it looks pretty good long term for ICON specifically.  There will be FUD for sure, just have to weather it.

Thanks for telegram posts too snorlx

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September 30, 2017, 11:39:04 PM
 #704

 Interesting project that is moving forward)
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September 30, 2017, 11:52:03 PM
 #705

I'm not too worried about how ICON will do due to the ban, the only annoying thing is the delay this causes to receiving coins and exchanges accepting coins.

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October 01, 2017, 10:51:38 AM
 #706

I don't remember that anyone said anything about providing documents to some third party for bounty programs?

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snorlx
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October 02, 2017, 12:02:05 AM
 #707

Also, one thing to know that will help is that ICON is a not for profit registered in Zug, Switzerland.


Such a sweet setup.  Just to add on:

Straight from the vice president of the Korean Financial Services Commission (from this article):

http://news.joins.com/article/21983687

"The ICO prohibition should be viewed in terms of protecting investors rather than impeding industrial development."

ICON is a legit company with a legit business ties and a live blockchain product.  They obviously aren't an organization out to defraud investors, and while the ban MAY POSSIBLY implicate them, it's really not directed at an ICO of this caliber.  

No matter how things shake out in the short term, to me it looks pretty good long term for ICON specifically.  There will be FUD for sure, just have to weather it.

Thanks for telegram posts too snorlx

Cheers! Here to help

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October 02, 2017, 12:53:41 AM
 #708

What would get bounty need KYC ?
snorlx
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October 02, 2017, 02:04:01 AM
 #709

I don't remember that anyone said anything about providing documents to some third party for bounty programs?


Unfortunately that is the case Boriss. The KYC was added to protect ICON and potential investors after the Bounty was announced and started.

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October 02, 2017, 03:58:31 AM
 #710

ICON Lunar Holiday Greetings
https://medium.com/helloiconworld/icon-lunar-holiday-greetings-d5fddec7732

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October 02, 2017, 06:16:50 AM
 #711

Is there still bounty goin on?
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October 02, 2017, 06:49:59 AM
 #712

sorry dudes, i dont uderstend, when and how i can gett my bounty tokens?
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October 02, 2017, 09:22:16 AM
 #713

Jesus I am so fed up with this thread. more than half of the posts are about bounty. Psssss
Ocean28
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October 02, 2017, 06:25:49 PM
 #714

Tell me the payment for the bounty when will it be?

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October 02, 2017, 06:27:02 PM
 #715

what's this KYC?

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October 02, 2017, 06:40:37 PM
 #716

what's this KYC?

KYC stands for Know Your Customer. It's a security measure financial institutes are required to take in order to prevent fraud, money laundering, terrorist funding etc.

In this case it means you will have to send in your personal data for confirmation before you get your coins.

snorlx
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October 02, 2017, 08:40:23 PM
 #717

Is there still bounty goin on?

Bounty is finished. It ended when the tokens sold out.

snorlx
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October 02, 2017, 08:41:50 PM
 #718

Tell me the payment for the bounty when will it be?

ICON team will release an official statement that will cover the when and how the bounty tokens will be received.

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October 03, 2017, 12:57:14 AM
 #719

When will the KYC be? Made a different application. It's really weird to collect the investments before approval. Will the unapproved accounts take back their investments?

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October 03, 2017, 08:53:11 AM
 #720

When will the KYC be? Made a different application. It's really weird to collect the investments before approval. Will the unapproved accounts take back their investments?

Yes, I believe the ICON team stated that any one that does not pass the KYC will have their investment refunded.

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