ICO Basics: Hard Caps, Soft Caps, and Hidden Caps, Oh My!
The recent abandonment of the Telegram public ICO made many investors question why. After raising $1.7 billion from accredited investors, it was leaked that Telegram has reached its hard cap for its highly-anticipated crowdsale. This followed an increase of the cap from $1.2 billion to $1.7 billion. With many now forced to get their Grams on the secondary market, some are left confused by why Telegram just did not open up the sale to the public as planned and raise whatever they could get. The answer to this goes into fundraising philosophies among ICOs. New ICOs can opt to have a hard or a soft cap, with some choosing to have hidden caps. Understanding what these caps are and what the implications are for them can help in making informed decisions while vetting ICOs. This data was found by us on June 06, 2018 7:00 AM. Share this content on social media: Have a look at www.bitcoinmarketjournal.com for more. Leave a Comment
SEC Slams Hard At Online Exchanges & ICO s Trading Digital Assets
In a public statement, today SEC clarified that If a platform offers to the trade of digital assets that are securities and operates as an exchange, as defined by the federal securities laws, then the platform must register according to the SEC rules as a national securities exchange or be exempt from registration?. In its public statement, SEC rules have clearly mentioned its standpoint on the current status of cryptocurrency exchanges running in the country. The statement reads: Many platforms refer to themselves as exchanges, which can give the misimpression to investors that they are regulated or meet the regulatory standards of a national securities exchange. Although some of these platforms claim to use strict standards to pick only high-quality digital assets to trade, the SEC does not review these standards or the digital assets that the platforms select, and the so-called standards should not be equated to the listing standards of national securities exchanges This information was obtained by us on March 07, 2018 11:50 PM. Share this content on social media: Have a look at coingape.com for complete listings from this source. Leave a Comment
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