DigiPulse to burn excess amount of DGPT tokens

Community of DigiPulse Foundation through polling decided to burn the excess amount of DGPT tokens that was frozen since November 2017 on April 30
03 April 2018   1108

DigiPulse Foundation polled its community on the matter of the excess amount of DGPT tokens - almost 68% of the total supply of the tokens were left unsold. That amount was frozen for 6 months before the Foundation is able to access it. According to the poll results, 87% of the community have voted for burning the unsold tokens.

Back in November the company already burnt its share of tokens to maintain a 25% ratio from the total supply. Now, on April 30, once the excess tokens are unfrozen they are to be burned immediately (it will be sent to the address 0x0000000000000000000000000000000000000000). Community members' tokens will be kept as they are and not diluted. The service price will be tied to a fiat amount thus making regulation mechanism clearer for the community. Another reason for such a tie-up is that after drastically decreasing the token supply (from 20,483,871.02 to 5,420,726.22) the project might run the risk depleting the tokens. So the tie-up is for the adjustment of the underlying token amount.

As of the moment of publication, DigiPulse market parameters are as follows:

Average price: $2.27

Market cap: $3,190,869

Volume (24H): $21,738

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   174

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.