I think you are right about the strategy ICOs wanted which is early adoption but those investors were not interested in using the protocol. They were mostly speculators who wanted to purchase the tokens for financial gain. Also, most of the time the protocol was not completed so it was a sale of a token that did not exist (ie: ERC-20) and that is not…
We are aware the legal review takes time and we are in the process to find ways to shorten the delay. We take compliance very seriously which can be stressful for companies who want to raise money on the StartEngine platform. They key to traction is marketing: reaching out to your community and other communities with a clear message about your…
You can pick a platform to launch your STO. The platform will help you select the right smart contract. StartEngine uses ERC-1450 to issue the security tokens. We will also support other smart contracts including Polymath, Securitize.io and Harbor.
The marketplace is clearly moving away from utility tokens. Security tokens is going to replace it with a quieter and smaller raises. When security tokens liquidity becomes real, this marketplace will grow fast.
The point is to allow people to use cryptocurrencies for trading and for payments with a currency that does not move against the currency they use for everyday life. The stable coin is a parallel universe to the dollar or the euro and will help higher adoption by investors and also probably be used for micro-payments.
Thanks for this long set of questions. I will attempt to answer them here. If this is not sufficient I suggest you write a private message and I can then add to my response if needed:
No, ERC-1450 does not have a whitelist nor does it have any functionality for the investor to transfer the tokens. This is done by the transfer agent upon instructions from either a broker-dealer or the investor in a peer to peer transaction.
That is correct. It is done by the Broker-Dealer who enables a trade or the original issuance of the securities. Smart contracts cannot verify investors on their own because they need an external service who can check multiple databases.