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RE: Are All ICOs Now Officially "Securities" According to the SEC?
I'm confused by these projects that have a "pre ICO" before the real ICO. I just don't get it. It does seem like any interesting project though. I like the idea of cryptocurrency helping impoverished people.
It's just a pre-sale with a bonus. They also said they "needed to do the pre-ICO before legally forming because the nonprofit element brings in a whole other sector of law, and requires 50k-ish of lawyer bills."