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Terms&Conditions in ICOs: what should we pay attention to

Terms & conditions have always been an essential part of an initial coin offering (ICO), as well as of any other type of deal. A regular active user may hit «I agree» button multiple times a day without bothering to considering what surprises can possibly pop up. What, sometimes, can be a bit of an issue. We are conditioned to overlook the less-than-enthralling legal sections of websites. Even lawyers can feel unmotivated to read these provisions. We analyze the product or service on its alleged merits, prior experience and reviews of other users. We are also sometimes shielded by consumer protection laws.

But, since ICO tokens exist in the virtual realm and are nothing more than a set of rights, there is often no product to demonstrate, there can be no usage reviews, and, what’s more, there is little clarity on legislative protections. These points make it imperative to have a look at the corresponding terms and conditions.

In case if an ICO’s website doesn’t even have an attached T&Cs document, it’s a signal to hold your money tighter. Obviously, it’s not that fun reading T&Cs, but don’t be tempted by a one-page document: it must be lengthy.  

What else should you pay attention to? read more

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

The Liverpool City Council (LCC) will be collaborating with the Poseidon Foundation to become a climate-positive city in the nearest future.

Climate Saving Ambitions

Liverpool is going to use blockchain technology in an effort to reduce its impact on the environment and become the world’s first climate positive city by 2020. And by 2030, the Council aims to offset more than 110% of the city’s carbon emissions by placing over 15,000 energy-saving LED streetlights across 2,000 streets and consequently decreasing energy consumption by 40%. read more

Half of ICOs Perish Within the First Four Months After Token Sales End

Half of ICOs Perish Within the First Four Months After Token Sales End

A Boston College study analyzed the intensity of tweets on crypto startups' accounts to detect any signs of life when token sales are finalized.

The study found that about 56% of the startups die within 4 months of their initial coin offering. The researchers, Hugo Benedetti and Leonard Kostovetsky, considered 2,390 ICOs that were completed before May 2018. read more

Russia cracks down on digital assets

Russia is doing its best to ignore or simply tear down innovations. In January this year, the State Duma made public a draft law concerning digital financial assets and basically put paid on them. The document contains noticeable white spots making the new law vague and ambiguous. Here are the fundamental points it affects: read more

The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines is about to present new regulations allowing startups to legitimately raise funds through initial coin offerings (ICOs).

All Tokens Are Securities Expect When They Are Not

Before the regulations go into effect, the country’s Securities and Exchange Commission (SEC) is waiting for the people’s feedback concerning the draft rules published on Thursday, August 2nd. read more