Blockstack has announced that their upcoming token offering has been qualified by the SEC under Regulation A+. This is the first time in U.S. history that a crypto token offering has received SEC qualification. We at Crypto Project Times believe this is a huge step forward for decentralized applications, internet security, and privacy.
As of today, there are over 165 applications built on the Blockstack decentralized computing network. Only accredited investors could participate in their 2017 offering under Regulation D. Now, thanks to this SEC-qualified offering, the general public can participate and fully interact with their network. Anyone can now join the movement to transition the world to a user-controlled internet.
What does it mean?
Under the SEC Regulation A+ framework, Blockstack will conduct a $28 million cash offering. The token offering will open on Thursday, July 11th at 11:00 am Eastern Daylight Time. It will be open to any purchaser who would like to take part in the Blockstack next-generation computing network, subject to a small number of geographical restrictions. This means everyone from general enthusiasts, to longstanding Blockstack supporters, to accredited or non-accredited investors alike — in the U.S. and globally, can participate in the sale.
This could have far-reaching effects as larger corporations silently building blockchain capabilities have been waiting on the sidelines waiting to see movement from the SEC. It is possible this will usher in new entrants to the market alongside Facebook’s Libra as the SEC signals a warmer climate for innovation within blockchain and cryptocurrencies to operate within the USA.
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