MAJOR ANNOUNCEMENT: DESICO will begin its STO on November 7th
Hello, DESICO Community,
It’s Laimonas, DESICO’s CEO and co-founder here. Today we have some very big news for you.
The DESICO team strongly believes that the crypto market today more than ever needs real action and real achievements. This is why for the last six months we been working to conduct the fully legally compliant Security Token Offering (STO) for retail investors. It will be with our own DESI token, and on November 7th, you will have the chance to make your investment in our STO.
We are very happy that you, our valued DESICO community, will be amongst the very first early adopters to ride this tidal wave of security tokens. We expect these tokens to bring more rights and protection to token holders, plus more transparency and less volatility to the market.
What’s in it for investors?
By investing in the DESI security token, you will get quarterly payouts from any DESICO business revenue — 12.5% from the fees we generate on the primary market, 12.5% we get on securities exchanges, and 12,5% from any other revenue DESICO makes. Not only do you get a piece of our revenue, you also benefit from the advantages that security tokens fundamentally have.
For example, securities are a regulated market and because of that, you can be always sure that any type of fraud is virtually eliminated. If, for example, you bought your DESI token at the cheapest price publicly available, you can be sure that no institution or fund got a bigger discount than you. This significantly reduces the chance of dumping when the security token reaches an exchange.
Another example: if you ever feel you have been cheated during a securities sale, you can always complain to a regulator. Real investments and real investors’ rights all come with security tokens. I’m super happy that we can offer that to you.
Why we are doing an STO instead of an ICO?
Since we started DESICO, we have been spreading the word about security tokens (i.e. tokenized securities) and how they are going to be the next big thing in crypto. We now see that more and more industry leaders such as Forbes, Entrepreneur, Nasdaq and many others have joined the trend as more and more businesses are announcing their plans to issue security tokens.
We have been working actively with regulatory institutions and our partners in order for us to become operational as soon as possible after our crowdsale. We have now secured all the necessary permits and licences to conduct our own STO.
We believe that a successful DESICO STO will be the best way to showcase both the huge potential of security token offerings and the DESICO platform as an easy to use, end-to-end platform to issue and trade these tokens.
What will the DESICO STO look like?
The total DESICO security tokens emission size is set at $44,361,793. Due to the laws applicable to STOs issued in Lithuania, the value of publicly available tokens for retail investors during the DESICO STO is set at $5,750,000 during the period of November 7th 2018 to November 7th 2019.
The remainder of tokens will be offered to institutional investors at the same price as retail investors. DESICO guarantees that all investors will have the same rights when acquiring DESI tokens.
The DESICO security token offering will be divided into two stages:
- November 7th — November 16th 2018: The DESI security token pre-sale. $1,000,000 hard cap. Discount offered to all investors — 15%.
- January 14th — January 25th 2019: The DESI security token crowdsale. Remainder of the tokens will be offered to investors with hard cap of $5,750,000.
The DESI security token 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. Instead, token owners will receive 12.5% of the total revenue created by DESICO. The total number of DESI security tokens represents a revenue share 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.
DESI security token 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. Accredited investors will have a minimum investment requirement of $143,750 with no cap on their maximum investment.
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.
All investors will have to go through Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in order to acquire DESI security tokens. According to current laws, US investors willing to acquire DESI security tokens must be accredited.
The DESI security token will be tradable on DESICO’s own secondary market. We expect that the DESI token is going to be tradable on other crypto exchanges at the end of Q1 2019. As with all major news, our community will be the first ones to know all developments on exchanges.
The security and protection of your money during the crowdsale
Please take note that DESICO team members will NEVER contact you directly to offer special sale details or discounts. These are most probably scammers wishing to trick you into sending them your money. Details on how to acquire DESICO security tokens offering will be announced only on the official DESICO channels on November 7th.
More information about the DESI security token and a step-by-step guide on how to acquire DESI security tokens will be published on the DESICO website and this Medium account prior to the November 7th crowdsale. Meanwhile, take a look at our updated website in order to find more information about the DESICO STO. Also, please subscribe to our newsletter in order to be amongst the very first to get all the news and updates from DESICO.
Should you have any questions, please ask them in our Telegram channel.
Thank you for your continuous support. Exciting times are coming!