WePower Platform to be Launched in April

WePower announced the launch of the platform in April 2018, although the exact date is unknown yet
29 March 2018   1847

WePower is a blockchain-based green energy trading platform. It enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver. Energy tokenization standardizes simplifies and opens globally currently existing energy investment ecosystem. As a result energy producers can trade directly with the green energy buyers and raise capital by selling energy upfront, at below market rates.

WePower is a project which was included in our article where we present the very best and the most interesting ICO projects. Moreover, we have reported that its ICO has successfully finished and 22,933 people contributed $40m USD! According to the roadmap and the official Twitter account of WePower, it launches the WePower platform in April 2018, although the exact date is not announced yet. 

Wepower trading platformWePower Trading Platform

The WePower platform launch will be followed by the connection to the energy infrastructure in May 2018, platform testing in summer, and then distribution of donated services to the token holders by the end of December, 2018.

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

Average price: $0,110924
Marketcap: $44 638 555
24h volume: $11 338 700

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   392

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.