RE: Bitshares - State of the Network - 23rd October 2018

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Bitshares - State of the Network - 23rd October 2018

in bitshares •  6 years ago 

Thank you for the weekly updates! They are great and I can´t wait to get more exciting news about the BitShares Ecosystem. Hard to catch up since soo much is happening!

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Hi Chris, I've learnt and had several discussions about the bitshares ecosystem but I I couldn't provide an answer to this question that was asked by a friend. It goes thus:

I was wondering, if it's true that Bitshares will be aiming not only ICO market, but also STOs. So it would make them a competition to Polymath and tZero. Have you heard about it?

I would appreciate a reply of any sort.

Thank you!

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The BitShares blockchain is very flexible. You can create regular ICO tokens or STO tokens. You have to follow the laws during the sales. For Example, if you create a BitShares UIA token, the admin can whitelist/blacklist, exclude trade pairs, freeze accounts and tokens and even withdraw tokens from a other account. As a result, a UIA token admin can structure the token due to their business case and create a regular ICO token or legal compliant STO token.

I see . . . Thanks for your reply.

Posted using Partiko Android