Imaginea Ai Inc., an artificial intelligence (AI) company based in Canada, is prepping to launch a fully regulated initial coin offering. Imaginea says it has been working closely with the Alberta Securities Commission to ensure the Security Token Offering (STO) is compliant to provincial law. In Canada, all securities offerings are regulated at the provincial level. While there has been a push to completely harmonize securities laws in Canada it is a heavy policy lift and not likely in the near term. Imaginea says they are one of the first regulated STOs in Canada.
Imaginea expects to subsequently prepare for an international launch of its STO to certain jurisdictions around the world in compliance with all applicable securities and other regulatory requirements.
Imaginea AI has posted a white list for individual interested in investing in the company.
Imaginea Ai’s “ICE Tokens” are said to provide access to the Imaginea AI platform through the use of blockchain which facilitates secure transactions for bought or sold services across the company’s AI ecosystem.
Nav Dhunay, Imaginea Ai Founder & CEO said they were incredibly excited to enable Canadians to participate in what they are building.
“AI is the landmark technology of our time. It’s experiencing explosive growth with AI-derived business value expected to reach almost $4 Trillion by 2022. Imaginea Ai is positioning to play a vital role in this advancing market through making AI hyper-accessible for every organization and empowering them to put it to work solving their most compelling problems.”
Imaginea Ai says it is going to “democratize Artificial Intelligence (AI)” through the development of their Ecosystem. A pretty ambitious, and nebulous, statement. If you really want to dig into what the company is striving to build out, you may download their white paper here.
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