{"id":2059,"date":"2018-03-23T08:07:00","date_gmt":"2018-03-23T08:07:00","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=2059"},"modified":"2018-03-23T08:07:40","modified_gmt":"2018-03-23T08:07:40","slug":"kodakcoin-to-issue-saft-seeks-176-5-million-ico","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/kodakcoin-to-issue-saft-seeks-176-5-million-ico\/","title":{"rendered":"KODAKCoin to Issue SAFT, Seeks $176.5 Million ICO"},"content":{"rendered":"

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JD Alois<\/a><\/span><\/p>\n<\/header>\n

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In a filing with the Securities and Exchange Commission, KODAKCoin indicated its intent to raise up to $176.5 million in an initial coin offering. The\u00a0Reg D 506c filing<\/a>\u00a0also indicated that KODAKCoin will be using a SAFT structure or a Simple Agreement for Future Tokens. Kodak has partnered with Wenn Digital on the crypto-based project.\"\"<\/a><\/p>\n

In January of 2018,\u00a0Kodak announced<\/a>\u00a0its intent to enter the cryptocurrency world with its bespoke\u00a0KODAKCoin .<\/a>\u00a0The idea is to use Blockchain technology to allow photographers to manage their work via a digital ledger of rights ownership. The KODAKOne platform is expected to allow photographers to license their work within the platform thus generating revenue from their creative work.<\/p>\n

Following the announcement of the ICO,\u00a0tZero, the first ATS to enter the cryptocurrency exchange space, said the KODAKCoin\u00a0will trade on its forthcoming digital assets exchange<\/a>.<\/p>\n

This most recent filing with the SEC is in contrast to the initial Reg D document that listed a\u00a0far smaller amount for the raise.\u00a0<\/a>\u00a0The filing released today clearly states the offer is for \u201cRights to be issued KODAKCoin under Simple Agreements for Future Tokens (\u201cSAFTs\u201d), and\u00a0\"\"<\/a>the KODAKCoin issuable thereunder.\u201d Total amount sold to date is still indicated at zero but this could be due to indications of intent being tallied.<\/p>\n

The KODAK One site states that in light of the regulatory scrutiny of ICOs, they are taking all necessary measures to ensure KODAKCoin ICO complies with all applicable securities laws. The offering is receiving the assistance of\u00a0Pickwick Capital Partners, LLC.<\/p>\n<\/div>\n

Source:\u00a0crowdfundinsider<\/p>\n

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First published on crowdfundinsider on March 19, 2018 @ 4:11 pm\u00a0By\u00a0JD Alois In a filing with the Securities and Exchange Commission, KODAKCoin indicated its intent to raise up to $176.5 million in an initial coin offering. The\u00a0Reg D 506c filing\u00a0also indicated that KODAKCoin will be using a SAFT structure or a Simple Agreement for Future …<\/p>\n","protected":false},"author":1,"featured_media":2060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[19],"tags":[],"aioseo_notices":[],"yoast_head":"\nKODAKCoin to Issue SAFT, Seeks $176.5 Million ICO - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/kodakcoin-to-issue-saft-seeks-176-5-million-ico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KODAKCoin to Issue SAFT, Seeks $176.5 Million ICO - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"First published on crowdfundinsider on March 19, 2018 @ 4:11 pm\u00a0By\u00a0JD Alois In a filing with the Securities and Exchange Commission, KODAKCoin indicated its intent to raise up to $176.5 million in an initial coin offering. 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