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  • August 17, 2020
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Updates on STO Roadmap

The STO is currently planned for Q3 and Q4 2020. The first round of funding 5.2% of all tokens will be made available for sale for a period of 90 days at the price of US$0.01618. The soft cap on the STO will be US $40M.

We are in the process of launching the STO from 6 major jurisdictions:

  • USA- Reg D (in 3 phases)
  • Bahrain
  • Malaysia
  • Singapore
  • Liechtenstein
  • UAE

The STO will be open for private placement to accredited investors including:

  • Private equity and growth equity funds
  • Venture capital funds
  • Structured finance funds
  • International funds
  • Hedge funds
  • Strategic investors
  • Other nontraditional sources of capital

The Security Token Offering Launch Process can be categorized into the following stages:

  1. Preparation and set up
  2. STO for accredited investors
  3. Post-STO process
  • The company came up with a Tokenization model to issue digital tokens for its stocks
  • Investors from all over the world purchase these tokens
  • All the transactions are recorded on a Blockchain which is immutable
  • The stock ownership details are all captured in the Blockchain tokens
  • The dividend info is also automatically defined based on the data available on the Blockchain