G A M E O V E R!!!!!!!!!!!!!!!!!!!!!!!!!!!!
from slack:
"Hi guys,
We are all shocked and in disbelief still as we have always made sure that Munchee follow and stay compliant with the SEC’s laws and regulations from the beginning. We went an extra mile to have our lawyers do the Howey test on Munchee, include the legal disclaimer in our White paper, and implement the KYC check to prevent money laundering, but it looks like the SEC doesn’t like the idea of US-based companies launching ICOs at all, no matter if you’re a utility token or not. It’s such a disappointment that the SEC would want a company with a working product with established community and user-base, and dedicated team members to stop their fundraising efforts without any clear statements and guidelines. Bad actors in this space won’t be stopped if the regulator continues doing what they’re doing right now.
We are in the process of incorporating Munchee in Singapore to relaunch the token sale. Nevertheless, we thank you all for your continued support and understanding. For those who are asking, we are working our best to facilitate the refund process as fast as we can.
Please email us at
contact@munchee.io if you have other questions.
Thank you!
The Munchee Team"
