Desico Platform Will Launch ICO Pre-Sale Next Month
Tokenized securities startup DESICO has announced plans for its own official Security Token Offering (STO) of DESI tokens.
DESICO is conducting a fully compliant STO as an EU member with all the necessary licences. Originally planning a utility token ICO due to regulations, DESICO is now able to pursue its own STO following the acquisition of the necessary financial brokerage license.This license now allows them to issue security tokens for their own business and platform (DESICO).
DESICO CEO and co-founder Laimonas Noreika saidthat the STO model being demonstrated for Desi tokens will be an example for clients to see how the process will look for them in the future.
DESICO’s STO crowdsale will begin on November 7th, and will be classified as a Revenue Participation Note (RPN), with quarterly payouts to investors. This type of security token does not constitute as ownership of DESICO, but allows token owners to receive 12.5% of the total revenue earned by DESICO. (The total number of DESICO security tokens represents revenue sharing of 12.5% of DESICO’s total revenue. The number of tokens held by the investor determines how much of that 12.5% of revenue is paid out to the token holder.)
Using the RPN security model allows investors to share in the profit and success of DESICO, without needing to give their attention to other shareholders rights, such as voting, etc.
DESICO will operate under a joint venture with Crowdfunding, Brokerage, and E-Money license holders. There will be no cap on revenue payouts for token holders.
STO Price Per Token:
Pre Sale – $0.98
Crowdsale Part 1 – $1.07
Crowdsale Part 2 – $1.09
Hard Cap Price – $1.15
The minimum investment for retail investors will be $230, with a maximum investment of $5,750,000. Accredited investors will have a minimum investment requirement of $143,750, with no cap on maximum investment.
Investors must also pass KYC and AML requirements. According to current laws, only US investors must be accredited. DESICO allows US companies to add an additional $5.75 million from non-US retail investors to their security offering.
DESICO is based in Paris, and in Vilnius (the capital of Lithuania), which achieved the third most ICO capital raised in quarter 1 of 2018, with the U.S. and China having the first and second most capital raised.
