Joining the seemingly endless parade of blockchain-enabled
initial coin offerings (ICOs) that have hit the market, the
Securities and Exchange Commission (SEC) is promoting a new
offering of digital tokens, called Howeycoins, for sale to the
public. The Howeycoins platform is touted as one of the largest
cryptocurrency platforms, enabling investors to use digital tokens
to buy services or products in the travel industry, such as
airplane tickets, hotel rooms and rental cars, or simply to trade
for profit. In addition, Howeycoins are said to be officially
registered with the SEC and will trade on an SEC-compliant
exchange.
The offering is being conducted using the format of most ICOs.
Investors are drawn to a website, in this case www.howeycoins.com,
to participate in the offering. The ICO is structured as an
investment discount "ladder," giving early investors
significant discounts to the offering price of the tokens, and
there is a time counter showing the days,
