On building a compliant future and the Smart Economy Expo
It is undeniably easy to create an ICO nowadays. There are a myriad of companies advertising their ICOs without presenting an original whitepaper or a coherent roadmap. Another underrated fact is compliance with the law, which when ignored can often sink a project, resulting in an unfortunate loss to its investors.
While we believe in flexibility, freedom, and empowerment, we are also committed to abiding by the law so that we can make advances in the Blockchain ecosystem without regulatory mishaps. To do so, we have heavily invested in working with a European legal team that is experienced in ICO-related legislation as well as in exchanges. Our first decision was to be registered as a security token, even though this required a significantly greater investment in time and money. Being registered as a security token makes market manipulation and insider trading explicitly illegal, thus reinforcing an ethical environment.
Over the past months we have spent an enormous amount of time trying to uncover and meet legal requirements so that we could allow as many countries as possible to participate in our ICO. Unfortunately, legal and tax impediments applied by certain countries forced us to withdraw them from the ICO process in order not to hinder or significantly delay our objectives.
Besides complying, NEX is striving to contribute to the regulatory environment. In April, we participated in Beyond Blocks, where new and innovative Blockchain start-ups discussed solutions, financial innovation, technological challenges, and governance in the space.
In line with this objective and alongside ecosystem partners, we are launching the Smart Economy Expo, an independent virtual organization backed by NEX and the City of Zion that will perform educational events and expositions focused on legislative and executive regulating bodies across the globe. Our first edition will happen on European Parliament in Brussels from May 2nd to May 4th, 2018 and will feature five major projects: NEX, NEO, City of Zion, Ontology, and Moonlight. The expo is not open to general public, but you can read more about it and its agenda on the website: https://www.smarteconomyexpo.org.
We are already discussing bringing the Exhibition to other jurisdictions. If you are a member of a legislative body and want to bring the exhibition to your country, please contact us at email@example.com.