Dividends? I don't think this will be listed in any U.S. based crypto exchange. It fails the Howey test. I'm not against crypto securities but I'm sure it won't pass Bittrex or Poloniex. Maybe in the future when governments accept the fact that crypto can be about securities.
I apologize for a late reply. We were all launching our
Bounty ProgramTo answer your questions: We have to disagree with you for the most part. At this point, you can't know if we will be listed on any U.S. exchange. There is nothing indicating we won't be. Yes, our project fails the Howey test. It should fail. Howey test is for utility tokens only. Our token is not an utility token. We are a company that promises financial gains, therefore, we are not even thinking about applying for the Howey test, but here is what we are trying to apply for:
We are applying for SEC Regulation A Tier 2 as a nice bonus to our business plan. It is not a requirement for our ICO to succeed, but it’s helpful. The SEC approval will allow us to raise $50,000,000 per year in United States of America from non-accredited investors. That and only that. With the SEC approval we would operate just like any other company that issues tokens/securities/dividends in U.S.A. It remains to be seen if we will be able to get approved. Then and only then we can talk about being listed on USA based exchanges. Please note, we value the U.S.A. market, but if the regulation is too difficult to obtain we will take the same route most other ICO take and operate without United States. US based non-accredited investors are a small portion of the market. We can execute our ICO successfully without U.S.A investors and U.S based exchanges, just like most ICOs.
Now to answer your comment about governments and crypto. The truth is the governments do accept the fact that crypto can be about securities. They allow you to apply for their license since offering securities for sale in United States is regulated. More, U.S government is actually very liberal as far as crypto goes. You are able to list your tokens on U.S based exchanges and trade them, even though that clearly violates the The Securities Exchange Act. Sure, no one was stopped, or prosecuted for it, but it does not mean selling tokens or coins does not violate the ACT. Selling crypto is no different than selling stocks as far as US law is concerned. You are allowed, but you must be approved for it.
I hope it answers everything. We like these real questions.
