Top-3 Ongoing ICO 5th - 11th Aug Acc. to Our Readers

Let’s check which ongoing ICOs from 5th to 11th August are considered the best among our readers
13 August 2018   112

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. Blockpass 

Blockpass gives individuals control over their data and eliminates the painful process of having to constantly submit KYC data for every financial service or retailer they sign up for. For businesses, Blockpass is a shared KYC platform where a pool of pre-verified users is shared between businesses thus reducing the cost and time of on-boarding new customers.

Blockpass ICO
Blockpass ICO

At the moment, there's no info on the raised funds excapt the pic above.

2. Memority 

Memority is the platform for a completely decentralized, ultra-secure storage of valuable data on the blockchain, which ensures the continued availability of several encrypted copies of data on unrelated storage locations around the world. Files are encrypted with a private key that only their owner has. Memority uses the same data protection technology as crypto wallets. Memority provides API for third-party developers. They can use its structure and decentralized storages for their own apps.

Memority ICO
Memority ICO

At the press time (13.08.2018) over $4.7M raised by Memority team.

3. The Sun Exchange 

The Sun Exchange is a marketplace where you can purchase and then lease solar cells to power businesses and communities in the sunniest locations on earth, earning decades of Bitcoin income backed by the power of the sun. SUNEX is our rewards token. Our members earn SUNEX from making purchases and building a diverse solar cell portfolio to upgrade their accounts. Higher user levels get bonus lease rates, discounts on purchases, priority access to projects as well as other useful perks.

Sun Exchange ICO
Sun Exchange ICO

 

There's no info on the, raised funds excapt the numbers above.

We will keep our eyes on these projects. Stay tuned!

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SEC to Slap ICO Founder With $30K Fine

Additionally, David Laurance, founder of Tomahawk Exploration LLC got 2 lifetime bans
15 August 2018   118

The US Securities and Exchange Commission (SEC) on Tuesday reported that it has issued two new bans directed against David Laurence, the founder of Tomahawk Exploration LLC. Tomahawk allegedly stands behind fraudulent ICO, writes CoinDesk.

Laurence, according to the SEC, raised funds through the sale of Tomahawkcoin tokens, in the process of using misleading advertising materials and fraudulent statements that it is a tenant of drilling sites.

Moreover, the sale of Tomahawkcoin tokens, according to the SEC, was accompanied by a false promise that "the holders of tokens will be able to exchange Tomahawkcoin for shares and receive a potential profit from oil production and secondary tokens trading."

According to the SEC, Lawrence neither acknowledged nor denied the charges, but he and his company agreed to these bans, as well as a fine of $ 30,000.

...Tomahawk issued tokens as part of the Bounty Program to generate interest in the ICO, which benefited Tomahawk. Distribution of tokens that are securities in exchange for promotional services to advance the issuer's economic objectives or create a public market for the securities constitute sales for purposes of Section 5 of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
 

SEC

The first prohibition of the SEC is a ban on the director's work in public companies, and the second does not allow Lawrence to own and trade in so-called "penny" shares. Both prohibitions, according to the announcement of the SEC, are lifelong.