What is the candy of vtoken (is vtoken platform legal)
vtoken’s candy is a token issued by a blockchain project. Its essence is to repurchase and distribute dividends through tokens, and use the held portion for platform development and incentives within a certain period of time. If users participate in mining and obtain vTokens and tokens from other projects, they can be exchanged for corresponding digital assets (such as gold) to achieve platform growth; Alternatively, investors can enjoy more benefits by purchasing vTokens, such as discounts on transaction fees Based on this, the agreement will provide reward plans based on user needs to promote further development of developers and ecosystems, and ultimately help more people enter this market
Is the vtoken platform legal
According to Caijing. com, at the recent “Hong Kong Stock Exchange China Investor Survey” video conference, the “CoinW Dividend Plan” and “Blockchain Project Investment Fund Management Committee”, The Hong Kong Securities Regulatory Commission issued the 2018 Capital Market Risk Warning Announcement And relevant regulatory policies These are all questions about whether STO is legal, ICO is illegal securities, and whether virtual currency trading platforms are illegal. After analyzing such cases, we found that vtoken exchanges are very different from traditional financial institutions:
1. The pricing model of the traditional stock Secondary market is not reasonable 2. Due to the unclear issuer of the token, there is a fraudulent nature 3. Various forms of proxy investment and financing activities have resulted in the inability to form effective business models, resulting in huge economic losses 4. Currently, most digital currency trading platforms operate in a centralized manner 5. Some large investment companies may choose to launch a false or other unproven company for their own benefit to engage in pyramid scheme fraud activities 6. Some so-called high-tech entity enterprises are suspected of violating laws and regulations by using their assets to raise funds or indirectly transfer funds to third parties, and have been prosecuted.
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