Blockstack Formally Files $50M Token Offering With SEC

[AMANPURI OFFICIAL INDONESIA]

Blockstack Token LLC has formally filed with the U.S. Securities and Exchange Commission (SEC) to conduct a $50M token offering. If accepted, it will be offered using the SEC Regulation A+ framework and be the first SEC-approved token offering of its kind.

Since 2018, it has been a difficult period for initial coin offerings (ICOs). The average amount of capital raised for each ICO has plummeted as the cryptocurrency communities grow more wary of the crowdfunding method. However, Blockstack has just announced a potentially massive, SEC-approved ICO. If approved, the offering would be like a diamond in the rough based on the regulatory clarity it would bring alone.

Blockstack is aiming to create a decentralized computer network with the help of scientists from Princeton University. It would be privacy-centric, with users being able to store their data on this distributed network rather than have it be housed with a tech giant. Currently, Blockstack already boasts some 80 applications including Graphite, a decentralized alternative to Google Docs, and other open-source blogging apps.

source: https://beincrypto.com/blockstack-formally-files-50m-token-offering-with-sec/

Do you think Blockstack will prove to be crucial in opening up new possibilities between regulators and token issuers?