Tokens.Net to Launch Private Beta

Tokens plans to launch the private beta during April 2018, and later in June it will release the beta version of mobile application
09 April 2018   1892

Tokens.net is a platform which introduces Dynamic Trading Rights (DTR) token aiming to revolutionize the current crypto exchange environment as the exchange will not be collecting trading fees for the purpose of running operations, instead it will use them to purchase DTR tokens which will later be provably burned by a smart contract.

According to the whitepaper of Tokens, it plans to launch the private beta during April 2018, and later in June it will release the beta version of mobile application.

Tokens.net Whitepaper FragmentTokens.net Whitepaper Fragment

Tokens Initial Coin Offering lasted from November 6, 2017 to December 6, 2017. Currently DTR token is trading at Livecoin and EtherDelta cryptocurrency exchanges. The public launch of the platform will take place in July 2018, and the public lauch of the mobile app is expected in August 2018.

Moreover, Tokens trading platform will introduce DTR Voice. The community will be periodically consulted about the future decisions regarding both future trading pair listings and other decisions that would contribute to the user experience.

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   1984

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.