Kik kicked back at the SEC lawsuit that claims a $100 million ICO was illegal. The company behind Kik Messenger filed a response in U.S. District Court for the Southern District of New York, alleging that the SEC is “twisting” the facts about its token.
The U.S. Securities and Exchange Commission (SEC) has approved the first-ever Ethereum token sale from blockchain-based gaming startup Pocketful of Quarters (PoQ).
The Fundament Group said that this will be the first-ever standardized and regulated security token backed by real-estate allowing users to trade global properties without any interference from the banks.
Though only half of the projects that participated in IEO in 2019 were profitable, the research indicates that the cumulative returns to be garnered over the span of 6 months could amount to 44% ROI.
Just recently Binance announced their next token sale for a new gaming project called “WINk”. This is the first gaming IEO project on Binance Launchpad which also is based on the TRON blockchain.
Binance Launchpad lottery rules have been updated. As it has been revealed by the company, it extends Binance Coin holding period implementing a number of others minor changes.
SWAPS.NETWORK has announced the commencement of an Initial Exchange Offering for its SWAP tokens. Hosted on Bitforex, the tokens are valued at $0.043 per SWAP and promises juicy incentives and bonuses to investors.
This will be for the first time that any crypto platform is launching futures contracts for pre-launched assets. Each DOT token is available at $75 and can be purchased using CoinFLEX’s native FLEX tokens.
With this tremendous growth and the widespread availability of crypto technology, STOs may soon be a viable way for most companies to raise revenue. However, some aspects of the STO bear a bit of explaining beforehand.
SEC, for the first time ever, approved a $28 million Reg A+ offering for decentralized Internet company Blockstack. The company will begin selling the SEC-approved tokens, essentially an investment vehicle for fundraising, as of today.
Crypto loans firm Nexo said they will accept the Gram ICO token from Telegram as collateral allowing customers to use the tokens as backing for its instant credit lines and planned credit card.
Security Token Offerings were believed by many to be supposed messiah for the Crypto space and the harbinger of adoption in traditional finance outlets. They were the next revolutionary step in Blockchain-based fundraising, and who could blame them?
The Tezos Foundation announced signing a $1 billion deal with South America’s largest standalone investment bank, Banco BTG Pactual, and the Dubai asset management firm Dalma Capital to use Tezos blockchain for Security Token Offerings (STOs).
Telegram’s unreleased Gram tokens are set for sale to the public at a price three times of its private placement. Still, the source from Telegram says they’ve never heard of Gram Asia.
Binance along with Elrond has successfully finished its IEO (Initial Exchange Offering) lottery. It was completed with a 11,07% ratio of winning tickets. The trading of ERD will soon open on Binance exchange.