Important Announcement: VIT Is Now A Security Token https://medium.com/@ViMarketDotCom/important-announcement-vit-is-now-a-security-token-a2b7937f36a6Revolutionary Virtual shopping platform, ViMarket, has announced that its Initial Coin Offering (ICO) is being relaunched. An announcement regarding the new dates and details in expected by the end of this month.
A key driver for this decision was recent guidance from US regulators particularly the SEC, which contests the legitimacy of the “utility token” exemption and indicates that most are in fact securities. ViMarket’s current ICO presale commenced January 9th followed by a successful launch event during the Consumer Electronics Show on January 11th, but promotion was muted shortly thereafter regarding the US authorities position relative to ICO’s. As a “security token” ViMarket’s ViTokens (VIT), now can only be purchased by accredited investors in the US who complete a SAFT (Simple Agreement for Future Tokens). Non-US participants are not currently subject to the restriction.
Private sales remain open to qualified participants until the new public presale dates and compliance are announced and in place shortly.
Operationally ViMarket has continued development with major announcements expected during the new ICO period regarding features, team, partnerships and more.
Eligible existing contributors have the option of being refunded their token purchases or remaining vested, in return for an additional token bonus reflecting their earlier stage investment vis-a-vis the updated ICO schedule. They will be contacted directly by the company or can obtain support via the company’s contact information at ViMarket.io
The new schedule will be announced by the end of February.
Don’t hesitate to contact us if you have any questions.
