At the beginning of blockchain industry, the lack of regulation and institutional chaos result in illegal fundraising and savage growth of ICO（Initial Coin Offering）. With the continuous growth in the industry and the outside world, the current blockchain has been recognized on a global scale, many countries have formulated regulations on the blockchain, and some quality projects have taken the initiative to accept supervision. NGK blockchain project, launched by USA International Covenant INC, a world-renowned investment institution, adopted STO issuance and passed the regulation of the United States Securities and Exchange Commission.
The past ICO rampant market in which teams have launched public fund-raising on the basis of a single white paper has been flooded with ERC20 of fake air currency projects. In the context of lack of regulation, not only in the early stage of project financing, investors cannot distinguish between the real and reliability of the project. Even if the project can run properly later, but also sooner or later to be fined by the regulatory authorities, the project team to pay the fine to cash out, or finally investors to pay the bill.
For the purpose of regulating the financing behavior of the market and protecting the interests of investors, the Security Token issuing — STO emerges as the times require. The U.S. Securities and Exchange Commission (SEC), the first institution to admit STO, has scrutinized STO projects so harshly that few have access to STO qualifications, but has also screened out the industry’s most outstanding participates, NGK is one of them. Since the start of the project, the NGK team has embraced regulation, pushed its entire network of ecological tokens NGK issued through STO equity endorsement, and has $50 million in public fundraising qualifications. NGK not only passed the approval and regulation of SEC, but also obtained a legal operating license for the money services business blockchain, which means that NGK can legally and legally use digital money to carry out business, operating projects in most states of the united states. A notarized NGK through a dual foundation would be based on the United States and would further radiate Europe and the United States, so that conduct overall layout in the global market.
In terms of projects development, NGK first obtains funds from the major investment institutions with STO, together with their own capital investment, for the operation of the project in the capital market, while expanding the scale of the community, developing the application ecology, and the enterprise business that will be built on the NGK network to further enhance the value attribute of the NGK tokens. In the future, NGK will be launched to include most of the global mainstream exchanges, continuously promoting NGK liquidity in the secondary market. NGK blockchain, driven by a dual-turbine model of capital and ecology, will build the strongest consensus in the 2020 market.
Token securitization and blockchain project compliance is an unstoppable wave in the history of industry development, NGK, as a rarely seen quality project that obtain STO in the market, is certain to present brilliant prospects in the future.
