/biz/ - Business & Finance

Just a reminder - even promising projects with good team and partnerships can drop to 0. And it is actually the most likely scenario.

>ShipChain, Inc. has been cooperating with an inquiry by the staff of the United States Securities and Exchange Commission. As a result of that inquiry, the staff has concluded that the SHIP tokens are securities as defined under the Securities Act of 1933 and that the sale of tokens at the end of 2017 required registration with the SEC. ShipChain, Inc. has made an offer of settlement that neither admits nor denies those conclusions. In the offer of settlement, ShipChain, Inc. offered, among other things, its payment to the SEC of $2,050,000 for creation of a “Fair Fund†pursuant to Section 308(a) of the Sarbanes Oxley Act of 2002, and its allowance of the disabling of SHIP tokens held by it or by its founders. The Commission has accepted that offer of settlement and has now issued its Order that finds that SHIP tokens are securities and that the sale should have been registered, and ordering that payment and the disabling of those SHIP tokens. A copy of that Order may be seen HERE. The SEC will later appoint a Fund Administrator to develop and oversee a plan of distribution for the Fair Fund.

>ShipChain, Inc. appreciates the support of those interested in a transformative, blockchain-based innovation in the global transportation industry and regrets that, despite the significant strides that it was able to make toward that goal, it will not be the one to lead that transformation. The substantial work that we have done, however, is open-source and so can, we expect, help accelerate that innovation pathway.

ShipChain, Inc. has been cooperating with an inquiry by the staff of the United States Securities and Exchange Commission. As a result of that inquiry, the staff has concluded that the SHIP tokens are securities as defined under the Securities Act of 1933 and that the sale of tokens at the end of 2017 required registration with the SEC. ShipChain, Inc. has made an offer of settlement that neither admits nor denies those conclusions. In the offer of settlement, ShipChain, Inc. offered, among other things, its payment to the SEC of $2,050,000 for creation of a “Fair Fund†pursuant to Section 308(a) of the Sarbanes Oxley Act of 2002, and its allowance of the disabling of SHIP tokens held by it or by its founders. The Commission has accepted that offer of settlement and has now issued its Order that finds that SHIP tokens are securities and that the sale should have been registered, and ordering that payment and the disabling of those SHIP tokens. A copy of that Order may be seen HERE. The SEC will later appoint a Fund Administrator to develop and oversee a plan of distribution for the Fair Fund.

In accordance with the Order, ShipChain is sending requests to digital asset trading platforms that it knows offer trading of SHIP tokens, requesting the removal of SHIP tokens from those platforms. Unfortunately, ShipChain, Inc. is now without sufficient resources to continue its business. Consequently, ShipChain, Inc. has made the difficult decision to cease operations and is now in the process of closing its affairs.

ShipChain, Inc. appreciates the support of those interested in a transformative, blockchain-based innovation in the global transportation industry and regrets that, despite the significant strides that it was able to make toward that goal, it will not be the one to lead that transformation. The substantial work that we have done, however, is open-source and so can, we expect, help accelerate that innovation pathway.

>tfw i had 50k LINK at one point and sold it all for VeChink and the ShipChain sale with Wolf of Poloniex.
I am very fucking upset about that still.

This thing is a supervolcano if you've been buying it this low

News is spreading friends. Last chance to buy sub 200 sats

https://twitter.com/crypto_ninjas/status/1228311022458540032

Already up 100% in 2 days.

>>17227178
https://twitter.com/ShipChain/status/1228035278817964033

>$2 million mcap coin
>Just partnered with a company (Keeptrukin) that has 250k devices installed and 1 million users
>Keeptruckin revenues were $200m last year

If you haven't been accumulating this coin then I feel really bad for you.

https://twitter.com/ShipChain/status/1228035278817964033

Remember how hyped this piece of shit used to be? I tried to get in the ICO but it filled up quick. How many old timers got burned by this?

>not buying the only ERC20 token that will have an operating NET PROFIT in Q1 2019
>not buying the only ERC20 token that succesfully concluded beta tests with billion dollar companies that have long arms into the US government (Perdue)
https://blog.shipchain.io/the-dispatch-report-pilot-updates-december-2018/
>not buying the only ERC20 token that managed their ICO funds properly
>not buying the only ERC20 token that crafts unique solutions and actually innovates
https://github.com/shipchain
Easy $0.50 in 2019

Why biz doesn't talk about this hidden gem? Waiting until ship sail pass big gains. Get in boys...

WASSU WASSU WASSU

SHIPCONNECT

I mean, 3b cap seems doable if it gets listed on bittrex/binance. I cant really see this coin going much lower. thoughts?

how is nobody talking about this? cmc updated the market cap to a measly $14M.
this can only rise within the next month or two, r-right...?

WE

who here getting MOTHERFUCKING JUST'D RIGHT NOW?

J U S T
U
S
T

Did you get your identity verification email for the airdrop, anon?

Where will we be able to buy SHIP? I see the ICO has ended, but i cant find info on upcoming exchanges for the coin itself. any Anons got the scoop? I'm going to all in on this comfy coin when I get the chance.

I've been looking into this ICO and I'm liking just about everything I'm reading about it. What are your thoughts /biz/?

https://shipchain.io/