The Bitwala STO is a German Security Token Offering that will be fully compliant with the EU prospec...
About
Founded in 2015, Bitwala is well experienced and established in the blockchain landscape. Bitwala successfully launched the (world’s first) real blockchain banking experience in December of 2018. Bitwala reached a total trading volume of above €2 Million for the first 3 months of operation and proved the high traction for an easy and intuitive fiat gateway.
Bitwala believes the future of finance is tokenised and intends intends to dominate a sizable share of the future market by removing friction and becoming the gateway to tokenised assets for the masses. Besides expanding into more countries, accessing new markets, we will enable new use cases such as crypto lending and investment plans, effectively merging banking, saving and trading as one.
The BitwalaToken are directly linked to Bitwala’s market value. Token holders receive 15% preferential participation rights in dividends and future exit proceeds as well as provide down round anti-dilution protection.
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STO’S Details
GENERAL INFORMATION
Pre-STO Opening Date:
Wed, Mar 20th, 2019 12:00 AM (UTC)
Pre-STO Closing Date:
Fri, May 31st, 2019 12:00 AM (UTC)
STO Opening Date:
Sat, Jun 1st, 2019 12:00 AM (UTC)
STO Closing Date:
Sun, Jun 30th, 2019 12:00 AM (UTC)
Country of Origin:
Germany
TOKEN DETAILS
Symbol:
BWL
Blockchain Type:
Ethereum
Token Type:
ERC20/ERC-1400
Finance Information
Accepted Currencies:
EUR, USD, BTC, ETH
Tokens for Sale:
75 000 000
Initial Token Price:
1 BWL = 1.1341 USD
Soft Cap:
15 000 000EUR
Hard Cap:
75 000 000EUR
Min. investment:
100000 EUR
legal INFORMATION
Whitelist:
Yes
Know Your Customer (KYC):
Required
Anti-Money Laundering (AML):
Required
Restricted Areas:
USA, China, Algeria, Angola, Bolivia, Botswana, Burundi, Central African Republic, Chad, Congo, Cuba, Ecuador, El Salvador, Eritrea, Ethiopia, Ghana, Guyana, Iran, Iraq, Kyrgyzstan, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Nepal, Nicaragua, Pakistan, Palestine, Serbia, Sri Lanka, Sudan, Suriname, Timor-Leste, Trinidad and Tobago, Tunisia, Turkmenistan, Venezuela, Yemen, Zambia, Zimbabwe
James Murphy, founder and chairman of Murphy & McGonigle, said he wouldn’t settle any crypto case with the current SEC before seeing how the election turns out.
