Investing in cryptocurrency and ICOs in 2017 was a piece of cake. In 2018, it’ll definitely be a different ballgame! The SEC is Now in town!
In 2018, the Securities Exchange Commission (SEC) is already sending out
With 2018 in full swing, and the SEC is sending out subpoenas left and right in an ICO, crypto fund, and anything cryptocurrency related crackdown.
This will obviously make security tokens a lot more popular. This is an important fact for existing ICO investors. If the SEC determines that an ICO you invested in is a security token (and not a utility token) because the associated tokens don’t have any utility, you can be held legally responsible!
One of the important keys to security tokens will be the platforms where they can trade. Right now, you can’t really trade them anywhere. Sorry Binance users!
Nevertheless, security platforms such as Polymath are popping up. Even though Polymath is an ERC-20 token (a tokenized asset on the Ethereum blockchain), it will be adapting that model to ST-20 tokens, so it will be a launching platform for security tokens.
Another security token project is Securitize, which is is 50% owned by Spice VC, a liquid tokenized fund, that recently had their ICO.
As we move away from a total dependency on utility token ICOs and more towards the security token space, we will see the emergence of specialized advisors like Mario Pazos of Security Token Partners, in our opinion, a more refined version of Ian Balina (an ICO guru catering more to the newer, less experienced retail crypto crowd). Mario will soon be a guest in our video interviews.
To summarize, by no means utility tokens are dead. It’s just that new Initial Coin Offerings will face much stricter requirements and regulations, and many will be forced to either create utility prior to the token launch or go the route of securities (“Hi SEC!”).
If you’re looking for strategic advisors or partners to help your next (security or utility) token launch succeed, please leave us a comment or email us at support@cryptoplayhouse.com. Feel free to also go to our website and browse through the Strategic Partnerships or ICO sections.
So how do you feel about investing in ICOs and cryptocurrencies in 2018 and the role that security tokens will play and affect that?
Leave a comment below.
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