Wandx to Release Put Options on Testnet

Wandx platform has announced that the release of the Erc20 token put options on testnet is scheduled to March 25
17 March 2018   1757

Wandx protocol enables seamless creation and trade of any ERC20 Token or ERC20 Token baskets, and its application on the Ethereum main network enables decentralised trade of ERC20 token products. We have recently reported that WandX is releasing put options front-end for their decentralized token creation and exchange platform, which should provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.

Currently Wandx is focusing on marketing and product development, and as soon as the development of put options implementation is on the forefront of Wandx production, we should remind our readers that put option is the opposite of a call option, which gives the holder the right to buy shares. Put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

As for Wandx platform, it has announced that the release of the Erc20 token put options on testnet is scheduled to March 25. Wandx is surely doing its best to let users create and trade a basket of ERC20 Tokens with a single transaction, and create token themes such as decentralized identity or decentralized exchange, and much more functionality.

US Crypto Companies to Support TON in Case With SEC

The Blockchain Association said Telegram taken sufficient measures to ensure that the Gram token offer met SEC requirements
23 January 2020   114

The Blockchain Association, which combines companies such as Coinbase, Circle, 0x and Ripple, issued an expert opinion as part of the ongoing proceedings of the US Securities and Exchange Commission (SEC) with Telegram.

Previously, the Digital Commerce Chamber launched a similar initiative. The blockchain association, however, was more straightforward and stated that Telegram had taken sufficient measures to ensure that the Gram token offer met SEC requirements. According to members of the organization, the actions of the SEC can damage not only Telegram, but the market as a whole.

The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect.


The Blockchain Association

The Blockchain Association notes that for many years it has not been possible for SEC to obtain clear and unambiguous guidance for conducting activities in the cryptocurrency space, while the claims of the regulator make the current situation even more ambiguous. 

The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.


The Blockchain Association

They cite examples of startups TurnKey Jet and Pocketful of Quarters, in respect of which the regulator recommended not to apply legal measures, adding that such litigations inevitably involve high costs and do not guarantee industry participants that they will not be prosecuted in the future.

Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions. 


The Blockchain Association

In conclusion, the group asks the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.”