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Author Topic: ICO Loophole? Analysis of recent events  (Read 222 times)
GTTIGER
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September 04, 2017, 05:08:36 PM
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Is there some type of alternative to ico financing? Initial coin offerings are banned; however, this does not mean tokens are banned (privately funded token projects will still exist).

Perhaps we will see flourishing incubator coins (such as blockchain cap, adel, etc).

Also are there possible loopholes to the ban? For example, a token airdrop where the dev team maintains a large premine in order to fund their project.

Thoughts?

 
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September 04, 2017, 05:26:55 PM
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They call it the mothership

sui_generis
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September 04, 2017, 06:20:01 PM
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Premines, fastmines, instamines, dev taxes, masternodes, centralized control of coin issuance; any of these would violate FINCEN's definition of a decentralized cryptocurrency. Any project that has these features will be hit with enforcement action, and will cease to exist as a result. Invest accordingly.

Look at Bitcoin, Monero and Litecoin to see examples of legitimate ways of running a cryptocurrency project.
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September 04, 2017, 07:06:28 PM
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The press is having a field day with this...

The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”

WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw

http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T

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September 04, 2017, 08:17:16 PM
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The press is having a field day with this...

The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”

WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw

http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T
Just when I thought the worst to hit the crypto scene was over with the whole forking and segwit thing. This happens. Going to be another one of those months

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