CoinList, a token launch platform, has decided to offer its first token sale of 2019. The company has announced that the tokens of the Ocean Protocol company, a decentralized data-sharing protocol, would start to be sold on the platform soon. The idea is to raise at least $8 million USD with tokens that cost 25 cents each.
The sale will be only open to accredited investors from the United States and for international buyers, so you if you not accredited and you live in the U. S., too bad. The sale starts on March 1. This will be the first token sale made by CoinList since July 2018 when he Origin Protocol had its sale, as the platform was quiet for about half a year.
CoinList is a spin-off of AngelList. The company claims that its offers are fully compliant with the U. S. Securities and Exchange Commission (SEC). According to CoinList, regulatory issues are one of the main reasons why Initial Coin Offerings (ICOs) have slowed down so much.
Andy Bromberg, the co-founder of CoinList, has talked to the crypto media and affirmed that some sales were done last year but that it was much more difficult to find clients for sales at the second half of 2018 as many investors were scared to lose their money and about the regulation. So far, the company claims that 50 teams have used the platform and that they raised $450 million USD.
One of the main issues that teams face when making ICOs is regulation. CoinList is an enthusiastic company about regulation, though, affirming that the company does it best to be always compliant with the SEC and that its business will help to kickstart a new economy.
CoinList currently expects that its market will grow a lot during 2019 and that the ICO market will rise again. As soon as the rumors that the market was dead stops, they believe that business will go back to grow.
About The Ocean Protocol
The Ocean Protocol’s goal is to democratize access to artificial intelligence being used to analyze data at the same time that the company works to make it more powerful. The token of the company will help it to “unlock the value of data” and to expand its business with the financing.
Bruce Pon, the founder of the company, is based in Singapore and has raised 16 million EUR before the ICO, which means that this is not a company that has no funding at all. The ICO will only be a part of the funds that will move the company’s future.
The token was not released before this data mostly because of the securities regulation of the U. S., which got in the way. It will be a utility token, the company affirms, but the SEC may disagree on that, so they are prepared.