Equibit Sets ICO Sale For Final Funding Roundbr>
Equibit Group AG, a developer of a peer-to-peer securities trading protocol for equity and debt, has announced it will fund late-stage development and launch of its mainnet through a final sale of pre-mined cryptocurrency, EQB.
The sale is available to residents in eligible jurisdictions, including Switzerland, the European Union (including the UK), Japan, Singapore, Australia and New Zealand. Having recently relocated its global headquarters to Zug, Switzerland, the company will use proceeds from the sale to grow platform awareness and infrastructure integration between its stable, secure network and other financial services providers.
Chris Horlacher, CEO, Equibit Group AGm said this last funding round “will enable the completion and launch of this ecosystem.”
Equibit Group has developed a blockchain that it claims will simplify the processes of securities registration, post-trade clearing, and settlement for issuers and investors.
The sale is open to investors who complete anti-money laundering and know-your-customer checks and who are residents or passport holders of eligible jurisdictions. Only six percent of total EQBs have been pre-mined, with 22 million coins to be mined over the Company’s 55-year mining forecast.
EQB Sale Details at a Glance:
— 400,000 EQB available to buy (out of a 1,310,258 pre-mine and 22,000,000 maximum supply)
— Price of CHF 20 (Swiss Francs) per EQB, minimum purchase of 1,250 EQB
— Soft cap of CHF 2,000,000, hard cap of CHF 8,000,000
— CHF 250,000 or more and receive 10% bonus EQB
— CHF 1,000,000 or more and receive 20% bonus EQB
— CHF 4,000,000 or more and receive 30% bonus EQB