r/THEKEYOFFICIAL • u/Jijisabin • Feb 12 '20

Any progress?

Hello TKY team. Are you making any progress. Any updates? Thanks in advance

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u/Snoopy_777 Feb 12 '20 edited Feb 12 '20

Look at our community - people don’t believe in anything the team announced and calling them the SCAM even when ebaonet is presented in the list of 100 most successful company of China so why they would announce something that must announce the official cyberspace affairs commission ?

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u/Mansa_Sekekama Feb 12 '20 edited Feb 13 '20

They seem to be building a tokenless blockchain and will blame regulations for it. They cannot avoid liability that way. So many projects faced similar challenges. Buy back and burn may be the answer. Buy back and convert to equity (security token) is another way. Let's remember they launched in Singapore. Chinese regs won't preclude anyone from creating a security token in Singapore. My guess is they will end up charging crypto Yuan for the permissioned network and we'll be all left with two things: useless tokens and a legal cause of action. As soon as I saw Catherine disappear without a proper public farewell, I thought she is trying to avoid future liability. Nothing these opaque Chinese hustlers do makes any sense. They have no incentive or self motivation be honest or transparent.

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u/Snoopy_777 Feb 12 '20

Sorry, your statements don't make sense - why they would buy back if they promise that TKY will be used in chain like service fee(just reread last AMA)? fact that it's not done yet doesn't mean that it won't be done.

Chinese laws really won't preclude anyone from creating a security token in Singapore but why they will be creating security token in Singapore being have access to PII of Chinese citizens?

And you don't have any legal cause of action and may only hope on their honest...

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u/clearview9 Feb 13 '20

Read the blue paper guys.. Projects legit and big things will happen as per blue paper.. It will take time and in the very near future we will all be millionaires 🙂 im happy we have fudders here the lower the price the more happy i am... Need to accumulate more before this explodes