Tezos: new lawsuit on the way

Hagens Berman, law firm from US, is investigating the case of Tezos
23 November 2017   449

The law firm Hagens Berman is investigating the case of Tezos. Investors of the project suffered significant damage, and the organizers of the ICO ignored the requirements of the American regulator on mandatory registration of securities, which are Tezzies tokens.

Moreover, when the SEC announced that DAO tokens are securities within the meaning of the federal securities laws, and that DAO’s or other distributed ledger or blockchain-enabled means for capital raising must comply with the U.S. federal securities laws, and that such tokens must be registered with the SEC or qualify for an exemption in July 2017, Defendants were put on notice that they had to comply with the securities laws, including, for instance, registering the Tezos tokens with the SEC as required.  Nonetheless, during July 2017, Defendants conducted the Tezos ICO and sold over 607 million unregistered Tezzies to the public in exchange for digital currency worth approximately $232 million at the time.

Hagens Berman Announcement

According to the lawyers of the company, the organizers of ICO Tezos knew about the need to comply with US securities laws and register tokens in the SEC, but ignored this fact and sold more than 607 million tokens to the investors.

Tezos investors have sustained significant damages by investing in the ICO.  Not only did the Defendants disregard the SEC’s registration requirements but the delay in the launch of Tezos token has forced investors to helplessly watch as their funds are tied up by people skirting the law. 

Reed Kathrein
Hagens Berman partner

Hagens Berman encourages Tezos contributors to contact their lawyers, help with the investigation, or contact the US Securities and Exchange Commission (SEC).

According to the SEC informants program, those who provide interesting information that will help to return the depositors' funds can receive a fee of 30% of the amount of the refund.

As we mentioned in article about another Tezos lawsuit, Arthur and Kathleen Breitman both have active Twitter accounts. But same as before, no lawsuit-related posts or information can be found there. 

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Eidoo to Launch ICO Powered by Visa

The Vio token sale will start on February 19, 2018 and will end on March 2, 2018 with 250M VIO tokens which will go on sale at a rate of 10,000 VIO token per 1 ETH
19 February 2018   200

Eidoo is a blockchain-to-human interface striving to simplify the interaction between the blockchain and its users. Eidoo wants its wallet to have a fast, easy to use, disruptive, flexible, feature rich, turn-key Ethereum implementation, based on ERC20 standard and EVM contracts, with an embedded token system to fund the development.

As it was announced in the Medium blog of Amelia Tomasicchio, the community manager at Eidoo, the Vio digital platform and Visa Direct will launch its token sale on February 19, 2018 through the Eidoo ICO Engine.

Eidoo and Vio collaborationEidoo and Vio Collaboration

The Vio token sale will start from 12 PM GMT on February 19, 2018 and will end on March 2, 2018. 250M VIO will go on sale at a rate of 10,000 VIO token per 1 ETH.

The users who want to participate in the Vio token sale, need to download Eidoo’s cryptocurrency wallet on their smartphones.

Vio’s Team believe that Eidoo has proven itself as the go-to platform for token sales, ensuring an unrivaled level of security and ease and use for participants. Vio is looking forward towards the launch of this collaborative partnership.

Team at Vio

Vio is a digital P2P transfer platform powered via Blockchain and Visa Direct. Vio users can send and receive funds domestically and internationally to another user's profile or wallet address.

At the moment of press, these are main market parameters of Eidoo token:

Average price: $2,61
Market cap: $76 264 732
24h volume: $11 515 100