Bisq will not do the ICO

Decentralized exchange announced the rejection of the ICO conception
05 July 2017   1681
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Creators of the decentralized exchange Bisq announced that they will not provide the ICO, which was extremely popular in the crypto-currency community. Instead, the exchange published a whitepaper of the upcoming decentralized autonomous organization (DAO).

Very contrary to the infamous ICO models where people ask for a lot of money for whitepaper-ware we have a working platform developed by altruistic contributions and donations which is out since more than a year and we will distribute the ownership and management to those who have contributed to the project - those who helped to make a decentralized exchange reality!
 

Manfred Karrer 
Bisq Founder

Also, Manfred made this tough statement:

We are NOT doing an ICO and not selling tokens! 
 

Manfred Karrer 
Bisq Founder

BSQ tokens will be spread among 200-400 people, which supported the project earlier. When DAO will launch, these tokens will be sold at Bisq.

Additional information will be provided in the nearest future. But even now team says that DAO will have several stages. 

First stage is almost ready to start, but it needs additional tests. Second is planned to be held approx. in October 2017. It will also consist of voting and periodically token emission.

Creators are opened for all feedbacks and suggestions and ready to answer people's questions.

Bisq was known as Bitsquare and it was launched in beta mode in April 2016.

What is Bitsquare? 

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   82

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.