Equibit, the blockchain ecosystem and peer-to-peer securities trading protocol for equity and debt announced today it will fund late-stage development and launch of its mainnet through a final sale of pre-mined native 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, dubbed “crypto valley” and considered the world’s top crypto jurisdiction, 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. The proceeds solidify Equibit Group’s ramp-up to commercial and mainnet launch, expected in the coming months, which is considered by the industry as a demonstration of a platform’s longevity.
[perfectpullquote align=”full” bordertop=”false” cite=”Chris Horlacher, CEO, Equibit Group AG” link=”” color=”” class=”” size=””]“Equibit has carved-out a very clear direction for its future and is steps away from providing greater democratization of global capital. This last funding round will enable the completion and launch of this ecosystem.”[/perfectpullquote]
Equibit Group has developed a modern blockchain that will greatly simplify the processes of securities registration, post-trade clearing, and settlement for issuers and investors – cumbersome processes which are currently bottlenecked by third-party intermediaries. Their dedicated blockchain for crypto-currencies boasts no shared infrastructure, using the world’s most secure hash – SHA-3.
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. This is one of Equibit’s final steps towards realizing its vision of moving financial services to the Internet.
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