For extra background learn Josh Lawler’s article at Blockchain Information.
In line with an MIT report following months of negotiations with the NBA, and a current tweet final Friday from Spencer Dinwiddie – the digital funding car will launch on January 13 permitting him to promote his securities-backed SD8 tokens, which might’t be traded for a 12 months, for $150,000 apiece to verified accredited traders beneath SEC Regulation D, Rule 506 (c).
From MIT Know-how Evaluation:
“He had initially introduced the plan in September however met resistance from the NBA, which mentioned issuing the blockchain-based “tokenized safety” backed by his contract was prohibited by the league’s collective bargaining settlement.”
The Spencer Dinwiddie bond launches on January 13th. I’ll even be taking eight followers to ASW with me. #NBAVote pic.twitter.com/dhXKt0qPqh
— Spencer Dinwiddie (@SDinwiddie_25) January 10, 2020
What he created he mentioned in an interview with…