Decentralized video platform launches ICO

Ad-free video content starts with a token sale
07 February 2018   1444

Slovenia-based decentralized video platform VIewly on February 2 announced it’s launching an ICO. The sale is set between February 20 and March 22. The idea is to replace ad-based revenue model with a peer-to-peer network and smart contract transactions on the blockchain.

Ad-based video platforms are fundamentally flawed for both creators and their audiences. Only creators with large audiences can make a living off their efforts, and even then, they must give up nearly half their ad revenue.

 

Stefan Furland 

VIEWLY Director

 

The content monetization happens as fans (sponsors) pay the creators via micro-payments, sponsorships, memberships, premium content, etc. With the implementation of a blockchain platform, sponsors and creators will be able to agree to smart contracts and then transact instant trustless payments.

We are opening up opportunities for creators who have small, loyal audiences that don’t work within the current ad-based model. Viewly allows them to build a profitable channel without having to build an entire business.

 

Stefan Furland

VIEWLY Director

 

The sale will offer 30% of /VIEW tokens with a hard cap of $12 mln. The users with access to extra storage and bandwidth will be able to run Viewly nodes that host and stream videos and thus earn /VIEW tokens. Viewly’s presale promises bonuses for big strategic contributors, and for users, who whitelist Viewly before February 20.

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   65

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.