Auscoin: Is an Australian ICO looking to roll out 1200 Bitcoin ATM's across Australia. Auscoin is a ERC-20 token (Ethereum) with future plans of making transaction cards and additional plans are already underway to drive for acceptance of Auscoin as payment method at Australian retailers. The price of Auscoin pre-ordered during the ICO period will be 80 cents USD with a goal of about $50million hard cap. I find this high for an ICO and after having a good look at the white paper found that the Auscoin tokens do not represent any from of equity in the ATM's or Business. The value is in the token being used around Australia. Let me know what you guys think.
This is from the white paper:
Please note that AUSCOIN holders have no equity or any other interest in AUSCOIN Group. AUSCOIN Group is not offering shares, securities or other investment, economic or legal interest in AUSCOIN Group or any related entity or any other investment or financial service.
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https://www.auscoin.io/
Disclaimer: This is not professional financial advice please do your own research before making any investments.