Utrum to hold an ICO

Utrum platform is launching a token sale on April 24 with the distribution of a hack-proof token on Komodo platform
02 April 2018   1191

Project Utrum has announced it is holding an ICO on April 24. The token sale is set to use atomic swaps with a hack-proof token based on Komodo platform. Komodo was chosen for providing an independent blockchain; Bitcoin level of security with dPoW mechanism; Utrum native token OOT will be integrated into Komodo wallet Agama and Barterdex exchange (allows users to trade OOT with other coins by utilizing atomic swaps). The ICO will take place on Komodo AtomicDex Exchange App (much like ShapeShift using Electrum servers). Such approach will ensure the ICO will be completely decentralized without any point of failure.

Total supply is set to 216,000,000 units (23% of it will be distributed during the ICO) with a soft cap at $1 mln and a hard cap at $5 mln. Exchange rate is set at 1 OOT = 0.12 USD. A Komodo bonus (in case of using KMD to buy OOT) is set at 30% with a referral bonus at 5%. Accepted currencies include Komodo, Bitcoin, Bitcoin Cash, Z-cash, Dash, Litecoin.

Pre-ICO period will take place from April 24 to May 10. Main ICO will be on May 20 (without bonuses). The operational reserve tokens are to be locked for 2 years, platform contributors tokens will be released based on the content and team tokens are locked for a time period and released by 5% annually. According to the project roadmap, exchange listing follows the ICO.

California Court to Issue a Temporary Ban on Blockvest

SEC had found a lot of violations, including the "approval" of non-existed "Blockchain Exchange Commission"
15 February 2019   123

The Southern District of California Court, represented by Judge Gonzalo Kuriel, issued a preliminary ban against BlockOw ICO-startup Blockvest LLC and its founder Reginald Buddy Ringold (Rasul Abdul Rahim El), citing violations of securities laws in the past and possible violations in the future.

SEC Info
SEC Info

Court ruled that the BLV tokenail violated the norms of section 17 of the Securities Act of 1933, and recognized tokens as unregistered securities.

November last year, Judge Gonzalo Curiel refused to recognize the Blockvest project token as a security, because the SEC could not prove otherwise.