Remember shipchain? Its gone now.

[Anonymous No.26031473]

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.

[vicelv101 No.26031605]

>>26031473
>took some small bag...
Is Freight Trust any better?

[Anonymous No.26031776]

>>26031473
SHIP holder here...this was sad - my smallest holding but I had high hopes for it...token flittered away to nothing

[Anonymous No.26031824]

>>26031473
Wow didn’t think anyone still had the audacity to shill this scam product. Crazy how once it’s bull time all the dead tokens pop up

[Anonymous No.26031839]

Freight Trust lol

[Anonymous No.26031934]

>>26031605
LMAO i hope you dont actually hold that garbage

[Anonymous No.26031942]

https://www.reddit.com/r/CryptoMoonShots/comments/i79vj9/what_is_shipchain/

[Anonymous No.26031957]

Yep, I had only small amount from their airdrop. But it is funny how it went to shit.

[Anonymous No.26032014]

>>26031473
It was unironically a good project (the token was just a random money grab though), but shipping is one of the most obvious example of blockchain utilization in real life.