Binance to Declare BitTorrent Token Price

BitTorrent Token (BTT) will be sold at Binance Launch Pad only for BNB and TRX coins
28 January 2019   425

The Binance cryptocurrency exchange fixed the price of a BitTorrent token (BTT) for a tokensale, which starts today on its Binance Launchpad platform and lasts until February 3, if the required amount of $ 7.2 million is not collected earlier.

At the same time, two tokensales will take place, accepting BNB and TRX tokens, respectively. For the first of these, the price of 1 BTT will be 0.00001824 BNB, based on the BNB rate of $ 6.58, for the second - 0.00447261 TRX with a rate of $ 0.02683.

The minimum investment amount is $ 12, which is equivalent to 100,000 BTT, the maximum is $ 20,000, for which you can receive 166,666,666 BTT. A total of 35,640,000,000 BTT will be allocated for purchases for the TRX and 23,760,000,000 BTT for the BNB.

Before taking part in the tokensale on the platform Binance Launchpad, users need to pass verification on the exchange. The distribution of tokens in the Tron blockchain in favor of the participants of the public part of the campaign will be carried out within 15 days from the date of its termination.

Earlier, the ex-BitTorrent manager doubted the ability of Tron developers to provide the bandwidth needed to tokenize the Torrent client.

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   102

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.