How to Build a Compliant Security Token Offering on BrightCOIN, Part 2

The BrightCOIN platform offers a complete turnkey technology solution for building and launching security token offerings (STO) and ICOs. Depending on if you want to accept US investors, building an ICO is a breeze. So is building an STO that allows an issuer to accept US funds. This is the second part of a two-part post that will focus on how you can build an STO or ICO on the BrightCOIN platform.

Are Bad Actors Checks Required For Security Token Offerings (STOs)?

Bad Actor checks are mandatory for anyone doing a Security Token Offering (STO) on Regulations D506c, Regulation S or Regulation A+. This is an important anti-fraud and due diligence requirement to ensure disqualified persons do not raise funds. Token offerings have attracted numerous scammers in the past. Before various countries started to crack down on initial coin offerings (ICOs), it was pretty easy for some con artists to put together a fake white paper and a roadmap, launch a token and split with the money. The U.S. Congress is now in the primary stage of a series of legislative fixes directed …

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How much work is involved in a Token Offering? Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018

Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018 BrightCOIN CEO Vince Mundy on a panel discussion at Echelon Asia Summit 2018 talking about the current state of ICOs. The video starts off in the middle. The summary: lots, lots of work. Sleepless night, lots of moving parts. Capital required: lots of capital. I would say that it takes a minimum of $50-$100k to do a successful ICO/STO. Of course, that’s a low-end number….many projects come in with $250k-$500k budgets.   NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.

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