Today’s Daily Digest was crafted by Product Hunt and sponsored by our friends at Blockstack.
Not too long ago, we wrote about how Blockstack (the decentralized computing network and secure app ecosystem) filed with the SEC for a qualified token offering. Last week, that filing made history by becoming the first digital token offering qualified by the SEC.
What does it mean?!
For one, it means you (or anyone who is a qualified purchaser) can purchase Stacks tokens (STX) as part of the qualified sale under Regulation A+. It’s a big step for the future of crypto (and fundraising in general), proving there is a viable path for SEC-qualified token offerings in the US. Before the Reg A qualification, only accredited investors, like VC firms USV, YC, Winklevoss Capital, and Naval Ravikant, had the ability to purchase tokens legally in the U.S. Now it is open to everyone.
More $$$ for decentralized apps
Buoyed by the initial success of Blockstack’s App Mining program and the ongoing token offering, Blockstack plans to increase monthly App Mining payouts starting next month. By May 2020, they anticipate that up to $1M paid will be paid out (in Stacks tokens) monthly. For the record, this money goes directly to developers buildings apps on Blockstack.
At Product Hunt, we’ve been an App Reviewer for Blockstack since the beginning of its App Mining program. We’ve had a front row seat to new secure, privacy-focused applications that put users in control of their own personal data.
There’s now more than 170 of these decentralized applications aimed at protecting you from the ground up, including solutions for blogging, fundraising, and creative collaboration. A few of our recent favorites:
💸 BitPatron is a decentralized, censorship-free Patreon alternative
🔑 Closet is a password and secrets manager for teams
🤑 Lannister Capital is a simple wealth manager and financial planner
👀 Paid lets you sell anything and pocket everything with bitcoin
🔮 Predicto lets you make predictions to earn money
You can also check out all of the decentralized apps (there’s 170 of them!) with a Blockstack ID.
Important legal disclaimer below. Sorry, we know it’s long! 😅
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
Forward-looking statements: This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Stacks Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.
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