Estonian Cryptocurrency Mining Startup Seek SEC Approval for $180 Million Initial Coin Offering

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FrankNBeans
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Estonian Cryptocurrency Mining Startup Seek SEC Approval for $180 Million Initial Coin Offering

Sat Jun 16, 2018 2:20 pm

At a time when crypto exchanges and bitcoin-related businesses in the US are feeling reluctant to come under the umbrella of the Securities and Exchange Commission, this Estonian startup has audaciously filed with the SEC to raise $180 million via an Initial Coin Offering (ICO).
Aiming for the Moon

According to a Form D submitted to the SEC, NewTech Myning OU is seeking to get approval for it simple agreement for future tokens approved, to enable it to sell its GoWeb tokens to investors in the U.S. The firm has fixed the price of each token at $3 and has a hard cap target of $180 million. Per public financial records from Estonia, the Tallinn-based firm wsa registered in April 2018.

While it may seem quite strange for a startup that’s not even up to 90 days old to be aiming to conduct such a massive project in the US, considering the fact that the nation’s regulatory watchdog is one of the strictest globally, the mysterious team, however, appears to have a robust game plan

https://btcmanager.com/estonian-cryptoc ... -offering/

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