CINDX aspires to be fully compliant with laws surrounding ICO/STO projects. We are committed to publishing the necessary licensure and documentation so that you know you can trust our project.

The Estonian Financial Supervisory Authority (EFSA) adheres to an official position that tokens which are issued during ICO/STO might be considered as securities. This information is publicly available in the current Securities Market Act (SMA) as well as in the Law of Obligations Act (LOA).

Every ICO/STO owns special, unique parameters. The Estonian Financial Supervisory Authority explains that in the meaning of § 2 of the SMA, tokens which provide to the investors certain rights in the issuer company should be considered as securities.

Therefore, the offering of such tokens may constitute as the issue of securities and, depending on its exact nature, be governed by the rules that of public offering as prescribed in § 12 of the SMA. That being the case, it is required to register a respective prospectus in the EFSA.

It is important to note that for companies whose ICO tokens are classified as securities, § 43 of the SMA declares that secondary trading of such tokens may be considered as providing investment services. In particular, by organising such an offer or issuing tokens or bringing together the interests for acquisition and transfer of tokens under uniform conditions. The abovementioned services may be provided as a permanent activity only by authorised entities.

The issuance of CINX tokens will be carried out according to the license of The Estonian Financial Supervisory Authority (EFSA). What is a token issuance? It is the process of releasing the digital currency. At the same time all volume of the released coins is considered, including those which have been put into circulation and also those which have been reserved on accounts.

It is possible to obtain all necessary full information on the parameters of the CINX token issuance in the Prospectus of the issuance of tokens. The Prospectus of the issuance of tokens must contain a number of necessary key information blocks. These are data on the organization which releases the tokens, financial position of this organization; and, finally, data on details of direct release of tokens. The prospectus also contains the necessary data for investors about token distribution and acquisition.

To legally distribute CINX tokens (which are non-depository securities), CINDX needs to have the organisational and legal structure of a Joint-Stock company. For this reason, CINDX has reconstructed its structure from Limited Liability Company (LLC) into a Joint-Stock company.

About CINDX

CINDX is an investment platform that allows its users to combine several crypto exchange accounts into one trading terminal, and gives them the option to copy the best managers without having to transfer their funds.

Moreover, implementation of blockchain-based transactions on CINDX will allow its users’ trading history to be saved. A reputation rating system will be used to differentiate the successful managers from the less-successful ones.

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