/biz/ - Business & Finance

Anonymous Mon Sep 7 19:39:47 2020 No.22306983 [View]
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>>22306308

CoinBase are a fully regulated US exchange. They would be wary of listing a project whose founder regularly tweets about the price of their token.

As a reminder, Ocean offer a Utility token, and not a Security token. Utility tokens are not designed to be financial investments like Security tokens are, and neither should they be promoted as such.

By tweeting content which refers to the price of the Utility token, the founder is at risk of breaking various securities laws - not just in the US, but across the globe. He is walking a thin line by engaging in such activities. I'm not a lawyer, but even I know a CEO should not be publicly promoting token valuations or implying they are financial investments.

Name one CEO/founder who regularly tweets about the price of their(utility)token? Protip: You can't.

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