About ICO LEGALLY

ICO Legally is the torchbearer of Authenticity, Transparency and Reliability in the ICO industry. ICO Legally is a self-policing initiative which endeavours to prevent and uproot the chances of frauds, by using ‘fair-disclosure’ policy which is very difficult for an ICO scam to sneak through. We have created a verified ICO section wherein only those ICOs will find place which would give a nod to our fair-disclosure policy and ICO feasibility examination. ICO Legally provides a platform for genuine ICOs to connect with the investors who are in search of the ICOs with trustworthy image and excellent project.

Conducting your ICO through a Registered Entity/Company?
If yes, Please list your ICO here.

Verified ICOs

ICOs listed here are verified on various high-priority parameters and their ICO Feasibility Reports are prepared by ICO Legally experts. These ICOs have fulfilled our KYC requirements. Authenticity of the Company conducting ICO, Profiles of the team members and feasibility of Company's proposed business are thoroughly checked and examined. Investors can read IFR of the ICO of their choice and can make informed investment decision.

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Sample ICO

Banking

START:01 AUG 2018
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Sample ICO

Banking

START:01 aug 2018
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Sample ICO

Banking

START:01 aug 2018

Ongoing ICOs

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PeruCoin

Education

ENDING: 15 AUG 2018
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Proof of TOSS

GAMBLING

ENDING: 11 AUG 2018
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Accounting

ECOMMERCE

ENDING: 30 SEP 2018
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OSA DC

RETAIL

ENDING: 21 AUG 2018
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Asobi Coin

ENTERTAINMENT

ENDING: 26 AUG 2018
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FIRMO

FINANCIAL SERVICES

ENDING: 19 SEP 2018

Upcoming ICOs

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TITA PROJECT

Decentralized Commodities

STARTING:8 NOV 2018
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VERNAM

INSURANCE

STARTING:20 AUG 2018
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Gamb

E-commerce

STARTING:01 aug 2018
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Wemark

CryptoCurrency

STARTING:24 July 2018

FAQ

ICO Legally FAQ

What is Initial Coin Offering (ICO)?
ICO is a fundraising mechanism for Blockchain-based projects. Crypto-coins referred to as ‘Tokens’ are offered for sale by Crypto start-ups and are similar to shares of a company sold to investors in Initial Public Offering (IPO). Investors fund an early stage project by buying some of the distributed tokens with fiat or other crypto currencies. The tokens so bought by the investor provide access to the use of the product of the project once the same is completed. If the project is successful, the token will go up in value and early purchasers can sell their tokens in the open market, often for eye-popping returns. While ICOs have created many legitimate and promising projects, at the same time ICO scams are prevalent as it does not take much to create one. In fact, today creating an ICO scam is easier than baking your favourite chocolate cake.
Security Token Offering (STO) is very similar to participating in an ICO in which investors purchase tokens during the offering to trade, sell, or hold. However, since security tokens are actual financial securities, the tokens are backed by something valuable like the assets, profits, or revenue of the company. When companies conduct their STO, the tokens issued for sale are intended to be compliant with KYC/AML requirements, and securities laws in whatever jurisdictions they step in. In certain cases, based on certain prerequisite elements of the investment transaction, tokens offered for sale in an ICO can have characteristics of “Securities”. Tokens which are identified as Securities will be subject to the Securities laws of the jurisdiction of sale offering. The Company/Entity which is seeking to raise fund by sale of Security tokens must comply with the Securities Laws. Security tokens can be subject to many fundamental requirements including registration of the token offering (ICO) with the Securities Regulator and proper disclosure of the project unless a valid exemption applies such as sale to Accredited Investors. ICO Legally proposes a mechanism for Securities compliance based on the best international practices in the absence of any formal regulatory framework to align the ICO with the Securities Laws yet retaining the pragmatic commercial advantages of tokenization. We have launched an initiative to advice ICOs on the Securities Laws and to prepare SLC Report for the interested ICOs.
As the name suggests, ICO Legally is torchbearer of the threefold principals of Authenticity, Transparency and Reliability. ICO Legally is a self-policing initiative to bring transparency and credibility in the ICO investment opportunities. A report by Satis Group discloses that nearly 80% ICOs are scam and only 8% manage to trade on exchanges. The recent time has, therefore, witnessed a steep downfall in the ICO investments due to increasing frauds by fake ICOs. ICO Legally endeavours to prevent and uproot the possibilities of frauds by using ‘fair-disclosure’ policy which is very difficult for an ICO scam to sneak through. We have created a verified ICO section wherein only those ICOs will find place which would give a nod to our fair-disclosure policy and ICO feasibility examination. ICO Legally provides a platform for genuine ICOs to connect with the investors who are in search of the ICOs with trustworthy image and excellent project.
ICOs can approach us for preparation of ICO Feasibility Report (IFR). Our experts will coordinate with the ICO to understand and examine their project. Apart from analysing the project for which ICO is being conducted, we indispensably verify the identities, profiles etc. of the team members including the identity of the entity/company which is conducting the ICO and also provide suggestions which help ICOs to improve on weaker aspects of their project.
What is the purpose of ICO Feasibility Report?
IFR seeks to weigh the strength of ICO projects and verify the genuineness of identities and competence of profiles of the Team members and Company/Entity behind such ICO projects. IFR carries each minute detail about the ICO project and the people/company behind it including its strength and weaknesses. IFR is very useful for the investors to confirm the authenticity of the ICO and feasibility of the business which the ICO Company has planned to do. It helps the investors to make informed investment decision.
  1. Whitepaper
  2. Company Profile
  3. Registration documents of the Company/Entity which is conducting the ICO such as Incorporation Certificate, Memorandum of Association, Articles of Association, and Shareholders’ Agreement etc.
  4. Identities of the Team members responsible for the Company’s operations.
  5. Social Media Profiles of the Company/Entity.
  6. Social Media Profiles of the Team members.
Once the IFR is prepared and ICO satisfies all our parameters, we share the IFR with the ICO who can publicize it on its website and also list the ICO in our “Verified ICOs” section along with its IFR. We also provide ICOs a “Verified by ICO Legally” Badge who can display it on their website.
SLC Report is prepared by our legal associates (Lawyers, Attorneys and Advocates etc.) from various jurisdictions. SLC Report carries the name and profile of the Lawyer by whom it is prepared.

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