After Blockstack’s Regulated Offering, Where Now For US Token Sales?

When Blockstack announced the first Reg A+ token sale, many believed it would open the floodgates for a spate of similar offerings. Reg A+ has long been the Holy Grail of token offerings in the U.S., with a host of companies pursuing the only SEC exemption that allows the inclusion of unaccredited investors. Despite Blockstack winning significant praise and plaudits for securing the exemption where so many had failed, and despite the hope that others would follow where Blockstack has led, the predicted stampede of new Reg A+ offerings has simply failed to materialize.

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The Blockstack Problem

Just two months after the completion of a $23M Reg A+ offering, Blockstack investors are feeling the pinch from owning a token which is now trading at 50% of its public sale price. As The Block’s Larry Cermack opined, anyone who has witnessed the tribulations of Blockstack will have serious pause…