The news coming out of China about the restriction of Chinese ICO investors has many eyebrows raised, and certainly perpetuated concerns about the market as well. However, the effects won’t be bad for all ICOs.
AxionV was built in such a way that these regulations will not restrict Chinese participation in the ICO, and some experts even believe that this will be a boon for ICOs focused on security and legality like AxionV.
US-CH News reached out to us wondering how AxionV will cope with the so-called “ICO ban.” As it turns out, AxionV won’t have to change at all, as it was set up to ride waves like this one without turbulence, and we were happy to provide them with information about what makes AxionV uniquely able to take on Chinese participants.
Here’s an excerpt, and a link to the full article:
“I reached out to AxionV, a AI crypto fund that is launching their ICO on September 16, curious to see how they are going to be handling newer regulations coming out not only from China, but also from the U.S. and Singapore. As it turns out, AxionV is resolving regulatory hurdles in a very straight-forward fashion. A number of in-house protocols for AML/KYC and SAFT (Simple Agreement for Future Tokens), compliant with the best practices inherited from more traditional asset managers and venture capital firms, will make it possible to collect funds from accredited investors (including China). Their team has also found a smart way of limiting risk in the ERC20 protocol by cutting out the transfer function and making the protocol more secure and safe for investors, which allows AxionV to control the flow of funds and trace every single investment back to the client.
Utilizing the proposed SAFT framework is another development that may continue to evolve as an alternative to direct public and retail investments. Analogous to a futures contract for accredited investors, the agreement functions in place of on-demand coins to offer the investor protection based on the parent company and assurance of suitability via accreditation. It appears AxionV not only implements this, but has taken the extra steps by limiting all resale options to be extra secure and compliant while regulators try to better understand the cryptocurrency economy.”
Read full article here.
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