We are postponing the Token Sale, tentatively to October 18th, because we are fine tuning our token model to work 100% compliant to Austrian regulations, in close cooperation with a larger investor. An update to the White Paper will follow soon.
As in many other countries, regulation of token sale and the blockchain is just emerging in Austria. We have seen that dividend-tokens are generally more complex and under more scrutiny. We are planning changes to our model that will hopefully avoid these complexities.
Why changes to model?
Our first and foremost goal is to protect investors. We want to be in this business long term and generate real value for token holders and the local communities. To do that, we need to take a step back and make sure everything is done right from the get-go.
Does this mean the ICO is cancelled?
No, we are planning to do the token sale, in sync to Austrian regulations, where we operate.