DESICO is a platform to issue and trade security tokens that is open to retail investors.
About
DESICO is a platform to issue and trade security tokens that is open to retail investors. DESICO is being built by experienced fintech entrepreneurs and is endorsed by Ministry of Finance and Ministry of Economy. To showcase its business model viability, DESICO is performing Security token offering in November, 2018.
Platform to issue Security tokens. DESICO will enable to invest in Security Token Offerings (STOs) issued by the most promising blockchain startups, and get quarterly pay-outs from their revenue. DESICO is creating a scam-free environment by filtering out suspicious and fraudulent projects.
Exchange. DESICO will operate a securities exchange, which will provide immediate listing and liquidity for the security tokens after completion of an STO on the DESICO platform. The exchange will be subject to the regulatory supervision of the Bank of Lithuania, which will provide additional financial security and trust for participants of DESICO network.
Payment system. DESICO will operate a crypto/fiat payment system, which will operate under a European e-money licence. This will allow the DESICO community to manage their crypto and fiat holdings within the platform.
DESI token. The DESI token is a Security token (RPN) and the sale starts on November 7. DESI token holders will receive a revenue share of 12.5% of DESICO’s gross income over the next 30 years. Pay-outs will be quarterly, with no cap on the revenues. It is a 30-year Revenue Participation Note that is callable after 5 years at any time.
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STO’S Details
GENERAL INFORMATION
Pre-STO Opening Date:
Wed, Nov 7th, 2018 12:00 AM (UTC)
Pre-STO Closing Date:
Fri, Nov 30th, 2018 12:00 AM (UTC)
STO Opening Date:
Mon, Jan 14th, 2019 12:00 AM (UTC)
STO Closing Date:
Fri, Jan 25th, 2019 12:00 AM (UTC)
Country of Origin:
Lithuania
TOKEN DETAILS
Symbol:
DESI
Blockchain Type:
Ethereum
Token Type:
ERC20
Finance Information
Accepted Currencies:
ETH, BTC, Fiat
Tokens for Sale:
1 023 018
Initial Token Price:
1 DESI = 1 USD
Hard Cap:
5 750 000USD
legal INFORMATION
Company Name:
LLC DESICO (UAB DESICO) Private limited company
Country of Incorporation:
Lithuania
Company Address:
A. Rotundo st. 5-102, Vilnius, the Republic of Lithuania
Whitelist:
Yes
Know Your Customer (KYC):
Required
Anti-Money Laundering (AML):
Required
Advisors
Ronald Kleverlaan
Crowdfunding Advisor / Expert Advisor on Alternative Finace at European Commission, Member of the Global Alternative Finance Leadership board at University of Cambridge
Jeff Burton
Strategy Advisor / Member of founding team at Electronic Arts, Executive director at SkyDeck Berkeley - UC Berkeley’s startup accelerator
Efi Pylarinou
FinTech & Blockchain Advisor / Global Fintech influencer and Co-Founder & author at Daily Fintech
Donatas Tamelis
Digital Marketing Professional, Founder and MD of iProspect in Lithuania
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