ALIS to Release Closed Beta

ALIS has announced that the Closed Beta Version will be released on April 23rd
09 April 2018   1528

The mission of ALIS is to create a social media platform that enables users to find trustworthy articles and people quickly. It realizes an autonomously developing economic system made possible via blockchain technology and a token economy.

On April 6 ALIS has announced in its Twitter account that the Closed Beta Version of ALIS will be released on April 23rd. ALIS stated that it aims to provide a greater value product.

ALIS closed beta release announcementALIS closed beta release announcement

As for the visiom of ALIS, it states that instead of compromising its basic philosophy with over-complicated explanations and convoluted functions, they believe that the most important thing is to make a simple and concise product that can be used by everyone.

At the moment of press, these are main market parameters of ALIS:

  • Average price: $0,330440
  • Marketcap: $12 734 711 
  • 24h volume: $39 532

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   159

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.