The weekly digest of ICO (from July 8 to July 14, 2019)
🔸 On July 8, Gate [.] Io, on its Startup platform, conducted IEO of the VidyCoin project (VIDY). Due to the fact that the demand for tokens 6.75 times exceeded the supply, investors will receive only 14.7% of their bids.
🔸 Bitfinex Crypto Exchange conducts an expansion of the program to purchase its own tokens UNUS SED LEO. Now the exchange will buy out cryptocurrency not only because of its total income, but also at the expense of the commission it receives for the operations of traders on its platform. But soon the New York City Prosecutor’s Office reiterated accusations against Bitfinex and Tether.
🔸 SEC and FINRA commented on the reasons for the delay in issuing broker-dealer licenses to companies related to digital assets and argued their concerns about the need to settle a number of legal norms.
🔸 Startup Torus (software solutions for managing private keys), on July 9, attracted $ 2 million from such venture capital giants as Multicoin Capital, Coinbase Ventures, Sixth Horizon, Accomplice, Terminal, as well as from the business incubator Binance Labs. The latter invested $ 500 thousand.
Historical background: in September 2018, Torus attracted an undisclosed amount of investment from Binance Labs.
🔸 Unheard of generosity. For the first time, the SEC approved a digital token proposal in accordance with its Reg A + rules. The pioneer was the Blockstack project, which will hold a token of $ 28 million. And literally the next day, another project, Props, received permission from the regulator.
🔸 Crypto Exchange EXMO will conduct a closed round of its own exchange token EXMO Coin (EXM). Token holders can save on trade commissions, receive increased referral payments and much more.