The Paynter Law Firm PLLC
Representing Individuals and Small Businesses on a Contingency Fee Basis
Cryptocurrency.jpg

ICO Survey

Digital Currency ICOs

ICOs, or "initial coin offerings", are a method of online fundraising for open-source networks such as those created for cryptocurrency. In exchange for their contributions, investors receive digital coins.

In recent months, large sums of money have poured into ICOs. Reuters reported that ICOs have generated approximately $2.2 billion in 2017 alone and listed the following as the top 10 ICOs:

Investing.jpg
  • EOS: $289 million
  • Filecoin: $233 million
  • Tezos: $232 million
  • Bancor Protocol: $153 million
  • Kik: $100 million
  • Status: $95 million
  • TenX: $83 million
  • Press.One: $82 million
  • MobileGo: $53 million
  • KyberNetwork: $50 million

Within just hours of its Smart Token ICO, Bancor is reported to have raised $153 million; however, Bloomberg recently reported that Bancor has lost over 50% of value since the June ICO. The Paynter Law Firm PLLC is investigating potential claims against Bancor and whether Bancor and its sponsors complied with U.S. Securities Law.

Although many, if not most, ICOs have the characteristics of securities as defined by state and federal securities laws, the majority of ICOs have not complied with the registration and disclosure requirements of the Securities Act of 1933. Investors participating in ICOs may be left with illiquid investments with little transparency and much risk.

These investigations are in the preliminary stages, and interested investors are urged to contact us.

Name *
Name