REVAIN comments on SEC announcement
Yesterday the US securities and exchange commission alerted American investors of being wary when taking part in crowdfunding campaigns, especially those related to new technologies such as ICOs. The crypto community has long been on the radar of regulators, and the statement made by SEC is an attempt to officially guide the investors — especially newbies in crypto — who can be easily drawn into the variety of platforms and tokens making bad investment decisions.
SEC lists several reasonable tips for investors when choosing what tokens to buy. The key factor to consider is the public presence of the company: information on company’s business prospects, finance and organisation should be easily accessible. Moreover, companies should release public reports on their operations on a regular basis. There’s no need to comment that REVAIN’s white paper and information about the team has been available online long before the crowdsale. We will be submitting reports on our operations to our website quarterly for investors to keep track of their money and keep all our operations up-to-date.
However, it’s good to know that there are ways for investors to protect themselves by claiming their ICO investments: the SEC has the authority to suspend trade on the common stock in case it suspects fraudulent activities. Right now REVAIN is preparing legal token audit with US attorney and legal advisors to prove the utility nature of the token.
REVAIN crowdsale is scheduled to last until September 6, 2017.
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