LIFE Token to Release Roadmap by the End of April

LIFE anticipates a window to allow them to redefine the goals, and the new road map will be released by the end of April 2018
12 April 2018   1077

LIFE is digital cash, which functions as a reward system for large businesses, charities, communities and innovation projects. It can be bought, sold and traded like shares or can be used to purchase items from a growing number of retailers.

According to the March 5 LIFE update from Luke Chittock, the recently appointed MD, LIFE anticipates a six month window to allow them to redefine the goals, with a new road map to be presented by the end of April 2018.

The previous road map has lapsed, as has certain areas of development as new adopter opportunities have altered the product road map deliverables. The new road map and development schedule once finalised will not be subject to any deviations because we are taking the time to fully scope the requirements and ensure we can fully deliver on the objectives we set as a business.

Luke Chittock

Previously, we have reported that LIFEwallet and the first LIFEcards are also released to the public in April 2018. In May 2018 LIFE will hold a conference in London, and the Stage 2 of LIFE adopters will be announced in June, 2018.

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   95

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.