KodakCoin Token Sale Delayed

The company said it plans to verify the roughly 40,000 applications it’s received for investing in KODAKCoin
01 February 2018   715

Kodak’s ICO was supposed to begin last night but the company has announced the delay of the launch of its KODAKCoin token in order to give the company time to vet the surge of potential investors. The company said it plans to verify the roughly 40,000 applications it’s received for investing in KODAKCoin. Kodak expects this process to take several weeks.

According to the announcement, accredited investors are those persons whose individual net worth, or joint net worth with his or her spouse, exceeds $1 million, or who had an individual income in excess of $200,000, or joint income with his or her spouse in excess of $300,000, in each of the two most recent years, and has a reasonable expectation of reaching the same income level in the current year.

KodakCoin will be offered to accredited investors from the U.S., UK, Canada and other select countries. Outside the U.S., it will be offered to select non-US persons in accordance with the applicable laws of each jurisdiction where such offers and sales occur.

The company also warned investors against fake KodakCoin ICO pages appearing on Facebook and other websites, and that investors would not be able to purchase tokens outside the company's official platform.

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Civic to Buy Identity.com Domain

The domain will become a blockchain platform for the exchange of user data
19 July 2018   122

American startup Civic has acquired the domain name identity.com. According to Vinny Lingham, CEO of the company, the domain will become a blockchain platform for the exchange of user data. This is reported by CoinDesk.

The identity.com platform will be a decentralized ecosystem. Thus, companies that own data will request the user's consent to the issuance of information. Blockchain will allow verifying the authenticity of the user's permission. After that, the company will be able to provide information to the data buyer.

Calculation on the platform will be performed in Civic (CVC) tokens. And thanks to smart contracts, payment will occur after the requesting company receives relevant information.

Previously, the domain was a portal for Internet real estate and belonged to the Inflection. Civic bought the domain name after Inflection stopped operating in this area of ​​business.

Vinny Lingham does not disclose the details of the negotiations and the amount of the deal. Nevertheless, he stated that he always considered the identity.com domain an ideal address for the promotion of his blocking project.

According to CEO Civic, this purchase is an important step not only for the company, but also for the development of the Web 3.0 concept.