Proof of Use? Civil Believes This ICO Model Lets It Sell Anyone Tokens Legally

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Summary

And soon, users should be able to tip writers or pay for other services from newsrooms in civil tokens. That's why Civil's choice to open their token sale to anyone and everyone could seem like a good way to get them in trouble. As of this writing, TokenFoundry shows 1,510 interested parties listed on the Civil sale. And it shouldn't be tough for token holders to participate since the Civil protocol will be ready soon after the sale. Civil, the blockchain startup looking to disrupt media, will be offering its crypto token to investors of all kinds – both accredited and unaccredited – next week.

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Civil, the blockchain startup looking to disrupt media, will be offering its crypto token to investors of all kinds – both accredited and unaccredited – next week.

As a spoke of ConsenSys, the ethereum startup incubator and business all its own, that decision runs counter to most of the common wisdom about token sales these days.

The much maligned initial coin offering (ICO) has come under intense fire recently for everything from sinking ethereum's price to scuttling whatever hard won credibility the industry managed to gain before mania built up around tokens.

The original idea, funding a new decentralized platform by pre-selling crypto tokens to anyone who wanted to buy them, is being looked at more skeptically in many circles, especially as the U.S. Securities...

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