SEC Received First Official ICO Application

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U.S. Securities and Exchange Commission (SEC) received an official notice from The Praetorian Group of its intention to raise $75 million on ICO. The company is developing a project called Cryptocurrency Real Estate Investment Vehicle — C.R.E.I.V. – real estate-backed cryptocurrency investment mechanism. The price of each of PAX token will be $5 and the total emission is 200 million tokens. The cost of the project is estimated to be $1 billion.

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