Sentences with phrase «proposed use of token»

Among other things, the SEC focused on Munchee's token sale whitepaper (the «MUN Whitepaper»), including Munchee's proposed use of token sale proceeds — namely, that Munchee would use proceeds to conduct its business, hire employees, promote the Munchee application and create a token ecosystem in which the MUN token could be used.

Not exact matches

Using the proposed service pricing model and the initial amount of circulating tokens the following token demand forecast can be projected (based on daily transaction count assuming 500 USD average deposit):

According to multiple sources, many of the ICOs under the microscope have been transactions where investors received a token that does not yet have any use because the proposed blockchain network has yet to be built.

Of the 10 biggest proposed initial coin offerings — by which start - ups raise funds by selling tokens — four have used Switzerland as a base, according to PwC.

In a cautionary note released on Sunday by Bank Negara Malaysia (BNM), the central bank took aim at a cryptocurrency project named Coinzer, which it says used the BNM logo and the Jata Negara, Malaysia's coat of arms, in its proposed token design, white paper and website.

In that spirit, the below report analyzes the framework proposed in the Whitepaper and highlights a number of risks related to the use of a Simple Agreement for Future Tokens (a «SAFT») for token sales.