An IEO mainly consists of an ICO held via an existing cryptocurrency exchange, which administers the fundraising event. There is an agreement between the Token Issuer and a Cryptocurrency Exchange, whereby the latter conducts an initial placement of the tokens to their users.

SynchroBitcoin (SNB) Token is the official token of the SynchroBit™ Digital Assets Trading Platform which plays the role of the native monetary system of the platform. SNB token is an ERC-20 Token with leading-edge smart contract functions that enables the holders to benefit from its functionalities on all SYNCHRONIUM® upcoming platforms as well.

SNB token will be integrated into SynchroBit™ by the end of Public ICO and will work as the major payment option on the platform for paying any fees, including the trading fees. SNB token is accepted by a wide range of partner exchanges including Tidex, BTC-Alpha, LiveCoin, whiteBIT, IXX, Catex, Coinmix, YObit, Coinsbit, Coinlim, Mercatox, Crex24, Alterdice, Atomars, Sistemkoin, Simex, etc, which are among the reputable exchanges in the market with high liquidity and volumes.

SNB Token IEO has also been conducted on multiple exchanges and the allocation of the quantity of the tokens offered on every exchange varies, depending on the number of their users.

The US Securities and Exchange Commission (SEC) have the most restrictive view on the categorization of these assets, and their transactions usually fall under the Securities Act and the Securities Exchange Act, whose definition of securities is broad.

This led to a significant number of ICOs/IEOs restricting their offering to US citizens and residents and avoiding the US for their fundraising efforts.

Therefore, SYNCHRONIUM® doesn’t allow the participation of the USA Citizens in SynchroBitcoin, including investment in IEO/ICO, Airdrop, Bounty, etc. It is illegal and prohibited by SEC Regulations and SYNCHRONIUM® cannot allow them for any participation.

SynchroBit™ has no operations in the USA, and SYNCHRONIUM® headquarters, managers, staff, partners, contractors, and associates are not Involved in the token sales and the related issues.