US Citizens will find here due information for them to make sure they comply with US regulations regarding participating to an ICO.
For investors that are individuals, the two relevant prongs of the accredited investor test are as follows (an investor only needs to satisfy one):
1. The Subscriber is a natural person whose individual net worth, or joint net worth with that person’s living partner, at the time of purchase exceeds $1,000,000. [In calculating “net worth” the investor must exclude the value of his primary residence. The related amount of indebtedness secured by the primary residence up to its fair market value may also be excluded from the calculation, but any indebtedness secured by the residence in excess of such fair market value must be treated as a liability and deducted from the investors net worth.]
2. The Subscriber is a natural person with individual income (without including any income of the Subscriber’s living partner) in excess of $200,000 or joint income with that person’s living partner of $300,000, in each of the two most recent years and who reasonably expects to reach the same income level in the current year.
For purposes of confirming 1, the manager could look at one or more of the types of documentation listed below with respect to assets and with respect to liabilities; and a written representation from the investor that all liabilities necessary to make a determination of net worth have been disclosed:
(A) with respect to assets, one or more of the following types of documentation dated within the prior three months:
• bank statements,
• brokerage statements,
• other statements of securities holdings,
• certificates of deposit,
• tax assessments issued by independent third parties, and
• appraisal reports issued by independent third parties; and
(B) with respect to liabilities:
• a consumer report from at least one of the nationwide (U.S.) consumer reporting agencies dated within the prior three months;
For purposes of confirming 2, the manager could look at:
• any Internal Revenue Service form that reports the Purchaser’s income for the two most recent years (including, but not limited to, Form W-2, Form 1099, Schedule K-1 to Form 1065, and Form 1040); and
• a written representation from the Purchaser that he or she has a reasonable expectation of reaching the income level necessary to qualify as an accredited investor during the current year.
Alternatively, a manager could rely on written confirmation from one of the following persons or entities that such person or entity has taken reasonable steps to verify that the Purchaser is an accredited investor within the prior three months and has determined that such investor is an accredited investor:
• a registered broker-dealer;
• an investment adviser registered with the U.S. Securities and Exchange Commission;
• a licensed attorney who is in good standing under the laws of the jurisdictions in which he or she is admitted to practice law; or
• a certified public accountant who is duly registered and in good standing under the laws of the place of his or her residence or principal office
Thank you to provide us one of these proof and the amount you want to invest in NeuroChain.