BCAP Security Tokens to be Available at SharesPost

BCAP is a token of the Blockchain Capital, which tokensale successfully took place back in April 2017
11 January 2019   317

BCAP tokens, representing shares of Blockchain Capital III, is listed on the SharesPost regulated trading platform, according to a press release.

Note that the Blockchain Capital tokensale successfully took place back in April 2017. At their core, BCAP tokens are security tokens because they represent shares in an investment portfolio that includes large companies and crypto-industry projects.

Due to global legal uncertainty, BCAP tokens soon began to disappear from the listing of cryptocurrency exchanges, and then completely became illiquid. For a long time, these tokens could be bought or sold only on the decentralized EtherDelta Exchange. The BCAP market price at this site was, as a rule, well below net worth.

BCAP became the first security token on the SharesPost alternative trading platform. Asset trading is available to accredited investors.

This is an important milestone for the digital securities ecosystem. Now companies can efficiently raise capital and provide liquidity globally by leveraging blockchain technology in a way that complies with securities laws. We are very excited to be connecting the more than 50,000 institutional and individual accredited investors using the SharesPost marketplace with companies and funds like Blockchain Capital that are leading the way. We believe that over time digital securities will join preferred and common stock as the mainstays of the private capital market.
 

Greg Brogger

Founder and CEO, SharesPost

At the end of last year, Blockchain Capital participated in the financing of Securitize startup.

$60M Nebeulas to Lay Off 60% Staff

50 people how to look for a new job due to optimizations in another blockchain startup
23 January 2019   93

The Nebulas blockchain startup team has been reduced from 80 people to 30. The roadmap of the project has also been revised. It is reported by CoinDesk.

Since last summer, a number of cuts have occurred in the project. Also, the startup had to abandon some minor projects listed in the roadmap. According to Nebulas management, side projects will be frozen at least until the NAS token rate is restored.

One of the reasons was the market price kept going down. Another reason we decided to cut off the unimportant projects like third-party wallets [was that they are] not core to the main tech visions mentioned in the [Nebulas] white paper. So the dev team of that project was first impacted.
 

Becky Lu

Spokesperson, Nebulas

It is noteworthy that the decision became known only seven months after the project raised $ 60 million through a tokensale. Lou did not clarify whether the decision was due to possible financial difficulties.

Nevertheless, the project is gradually developing. So, at the end of last year, the company launched a testnet NOVA, designed to measure the quality of blockchain data.