Welt der Wunder ICO: Loyalty-MILCs not feasible
According to Welt der Wunder Chief Hendrik Hey the planned loyalty-program is not implemented. He communicates the reason for this in a message to the community.
© iStock-Ildo Frazao
Please pay attention regarding the following modification in our whitepaper: After legal review we unfortunately have to cancel the planned “loyalty program” without any replacement.
It was planned as a loyalty-point-program for investors. The problem: Under certain circumstances it could be misinterpreted as a kind of "savings deposit" - distracting from the primarily business idea of building an international b2b video destribution platform.
We want to proactively avoid any possible legal misinterpretation - therefore we have decided to first give up on this. Unfortunately we need to cancel potential investors who set special value on the loyalty program. For those who continue to focus on our project, nothing else changes.
We will continue to think about how the "spirit" of a loyalty program can be implemented. As we want to check the legal admissibility in every case, we unfortunately can’t realise this before the start of the planned ICO.
We ask for your understanding, but our top priority remains to provide the highest level of legal certainty.