StartEngine announced its intent to provide Initial Coin Offering services to small businesses seeking to leverage the new form of raising capital this past August. In October, StartEngine started accepting applications for companies looking to do a compliant ICO. Last week, StartEngine listed the first ICOs under Reg A+ and a single issuer under Reg CF – a first for the industry.
Indeco has launched a Reg CF compliant “crypto asset token generation”. The company is looking to raise up to $744,000 via token sales that are available now with a 40% discount. The SAFT or Simple Agreement for Future Tokens is raising money in advance of a potential Reg A+ funding round. “Indecoins” are described as follows:
“Indecoin is intended to be a stable crypto asset for stored value, an investment vehicle and an engine for the expansion of the clean economy, including solar energy, battery storage and smart controls and sensors for energy efficiency. Our network will support four independent roles with distinct, interoperable smart contracts. The Investor token will be ERC20 compliant for trading through an exchange.”
The other StartEngine listed ICOs under Reg A+ include:
- Gab ICO – an ad-free, censor-proof social media protocol created for people who believe in free speech, individual liberty and the free flow of information online.
- RideCoin ICO – a ride-share marketplace driven by the blockchain that extracts the middleman and replacing it with a decentralized cryptocurrency.
- WeDemand ICO – A digital platform that powers fan-driven live events across the world, allowing fans to come together to demand that their favorite artists come to town. The platform provides the artists with a dashboard facilitating direct communication with fans, as well as proprietary analytics to predict attendance and identify the best tour routes.
- WENN ICO– A blockchain IP registry and monetization platform for the global community of photographers
Each of these ICOs are accepting investment reservations now. Gab is going the best out of the gate having received indications of interest of $225,000. Businesses that use Reg A+ may freely trade any securities created and thus lends itself to crypto transactions in bespoke tokens.
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