The innovative German company Neufund has just launched an Equity Token Offering which claims to be the world’s first. Below are some details of the upcoming equity token offering (ETO) and which are exclusive to Forbes.
The Public sale starts on the 9th Dec 2018, at 11am UTC with a public sale duration of 7 days and a Presale duration of 7 days. Company Pre-Money Valuation of €125,000,000. Discount in the public sale of 40%. Minimum Investment Amount (soft cap) of €1,223,721. Maximum Investment Amount (hard cap) of €6,608,091. Minimum Ticket Size of €100,000. Maximum Ticket Size is unlimited. The token name is FORCE and Token Symbol will be FTH. Token Standard is ERC20. Price of FTH will be from €0.122 to €0.183. Maximum FTH Supply of 46,000,000. 1 share will be worth 10,000 equity tokens. Currencies accepted in ETO will be ETH and EUR.
We spoke to Zoe Adamocicz, CEO of Neuund on this ETO and the general situation in the digital tokens ecosystem.
“For the last two years, Neufund has worked across technology, regulation, and finance to bring real-world equity on-chain. Today, with the start of the first equity token offering on Neufund they enter a new chapter of fundraising, one that is safe, much more accessible, and fully transparent”.
This first ETO is being conducted by Neufund’s parent company, Fifth Force GmbH. While it is a regular ETO, they are also treating it as a pilot, serving as the ultimate test drive of the platform’s architecture. Neufund is claiming that reaching the soft cap, set at €1.2m, will already be a success – because it means the first legally-binding public offering of securities on Blockchain has passed the exam.