Security Token Offering
Everything you need to know
The TAX Token evolves into a Security Token and our tokensale now falls under the category of a Security Token Offering (STO). With the new token model we're making the platform more accessible for users, while investors are presented with an improved opportunity to generate a sustainable ROI. The new TAX Token now rewards holders with a share of all revenue generated by the Blockpit platform.
Frequently asked questions about the updated tokensale from the Blockpit user's point of view will be answered under https://blockpit.io/security-token-info.
Blockpit's Security Token Offering in three answers
The way we choose to go
- More freedom in development, because no token economy has to be considered
- No entry barrier for new platform users, as a token does not necessarily have to be purchased
- Lower volatility as the token value is linked to the company’s turnover
- Fair revenue share based on holding duration
- No minimum holding duration
- Easy to explain token functionality, no complex system
- As early adopters we will be one of the first offerings on “traditional” crypto exchanges for security tokens
- Reward for investors by simply holding the token, no speculation necessary to achieve ROI
The phases are not temporary limited, but restricted to the stock of tokens. Unsold tokens are inactive and do not hold a share in the distribution pool. Early investors therefore have the opportunity to get a larger share of the turnover distribution.
The first phase consists of a private offering of rights similar to securities (participation, revenue share) as defined by the Austrian Capital Markets Act (KMA), which is not subject to approval by the Financial Market Authority. In the second phase, we plan to issue a capital market prospectus in accordance with the KMA, whereby the rights offered will stay the same. However, it will be a public offering. The subscription conditions are currently being worked out and will soon be made available to interested investors
What others say about security token
The crypto market is in a state of flux
Carlos DomingoSPICE Venture Capital founder
Stephane de BaetsPresident of Elevated Returns
Sothi ThillairajahCEO Blockone capital Inc