Regulatory compliance

General Discussion
#21

Well I can’t see us getting de-listed from Cryptopia as they run a similar system CEFS.

We could get ideas from them.

Introducing CryptopiaFeeShares (CEFS) Token

Cryptopia is proud to list the CryptopiaFeesShare (CEFS) token on our exchange and market place - the market is live now.

As a champion of blockchain adoption, Cryptopia has upgraded its shareholder dividend method from the traditional mechanisms of paying a fixed amount of dollars in profit to each shareholder. Cryptopia will take 4.5% of its gross fees collected each month for each of the base markets and distribute that portion of the fees among all CEFS holders as at the end of that month. CEFS were created and allocated to our shareholders based on the shares that they owned; 6300 CEFS tokens exist currently and CEFS tokens will not be reissued.

Cryptopia has chosen to do this for several reasons:

  • So that Cryptopia can modernize its shareholder and equity mechanisms.
  • So that CEFS can be a living use case for a blockchain application in a corporate world.
  • So that our users can invest or divest in Cryptopia as they wish in an automated manner.

Happy trading.
Published by: SeriousFace @ 10/2/2017 3:44:21 AM

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#22

The company TENX has had this issue recently. How they handled it can be seen in their recent chat of last week. What they basically said is, its considered a security if there is a promise of a certain return. With no promise, there is no security. Also on the listing issue, get listed on BINANCE. This is a fantastic exchange and will get more exposure then cryptopia. Stop making promises and there is no security, that’s my advice.

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#23

It’s a dividend coin. Its not a share, option, stock, etc… Exchanges can do what they please. Safex life Will continue

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