Wish a "follow" feature is available on this forum.. need lots of like minded folks to follow. We need to be organized. The way things are going these days is unbelievable. Cryptocurrency is about Decentralization, non- crypto fans need to respect this and leave us alone.
I think perhaps Filecoin is the first legitimate ICO legally issued to accredited investors on a crowd equity platform, thus it was probably snapped up and considered to be more professional and legitimate.
Regulators have flawed logic with regards to accredited investors (wealthier people). They think accredited investors are better investors. That is not true quite often and not true most of the time when it comes to technology. Doctors and dentists do not know how to invest. Surviving spouses may know nothing about business. Celebrities are horrible investors. Real estate developers know less about technology than a basement dweller geek.
Regulators allow accredited investors to invest because regulators think that accredited investors can handle the loss. This logic is flawed as well. If a 65 year old, retired accredited investor loses 100% of his net worth, the rest of his life is screwed. If a 20 year old, basement dweller geek loses 100% of his net worth, it's not that serious.
EOS Platform tokens are securities and very likely they have been illegal issued to USA non-accredited investors. I wouldn’t touch that hot potato. Could get delisted by the SEC and become illegal to trade.
Meaning if you are trading EOS Platform tokens, you may be committing a crime. This could come back to haunt you some years from now, when the regulators get around to it.
EOS rejected users with US IP addresses and forced users to acknowledge that they read the Purchase Agreement, which stated that US persons are not allowed to purchase. I don't know if this will protect them sufficiently, but they did not solicit accredited or non-accredited investors from the U.S.
