After 12 months of a declining market, are we finally starting to see signs of a trend reversal? Well most skeptics would not believe it, but there is no denying that the recent run of positive news is certainly breathing fresh life into both the crypto and the ICO/ITO markets.
A company called Blockvest LLC recently defended and won their case against the Securities and Exchange Commission (SEC) in a Californian high court. This case was a huge win for the ICO market and has become the talking point among many crypto enthusiasts and big hitters such as John McAfee. The court case came after 2 other ICOs were recently prosecuted by the SEC and were ordered to pay $250,000 in fines.
More positive news this week was highlighted when, in a bid to facilitate further growth in the cryptocurrency sector, 2 U.S. congressmen announced they are preparing a bill named the ‘Token Taxonomy Act’. If passed this would exclude crypto from the current United States securities law, which currently falls under the jurisdiction of the SEC.
Following suit, the Thai SEC has also announced that they plan to relax the country’s law for initial coin offerings (ICO). The Thai SEC stated that ‘It is conducting a public hearing to relax regulations on pre-sales and private sales of initial coin offerings, aiming to reduce impediments for ICO issuers raising funds’.
All of the above are certainly positive drivers for crypto, especially those currently in the process of, or about to launch their ICOs. It appears the appetite at governmental level is increasing, which in turn is increasing positive sentiment across the market.
It’s apparent that there have been a number of rogue/bad actors within the ICO/ITO market, but this news should drive forward those with a constructive interest in the development of the crypto market.
One company making a name for itself in the ITO market is Levolution. The LEVL Platform is designed to help those hoping to harness the potential of token offerings, regardless of experience to create, develop, market, launch, and optimize their project. Levolution aims to safeguard against fraudsters, criminals, and unscrupulous projects. The Platform offers ITO creators the ability to create smart contracts and provides a token generation tool. It also facilitates the retention of experienced and reputable service providers.
The team at Levolution are pressing ahead with their ITO and are currently only days away from closing their Pre-Sale round where a 50% bonus is applicable. The recent news will no doubt boost the team’s effort as market confidence slowly returns.
Token Sale Information
Ø 1st private sale round: December 1st — December 31st Bonus: 50%.
Ø 2nd private sale round: January 1st — January 15th Bonus: 35%.
Ø Pre ITO: January 16th — January 31st Bonus: 20%.
Visit https://ito.levolution.io/ for more information