FRtoken Inc.

FRtoken Inc.

DApp/Technology platforms

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Security Type
Equity
Min Investment
$500
Location
Albuquerque, NM
Offering Date
April 20, 2018
Expected Close Date
July 21, 2018
Target Raise
$10.00K-$1.07M
Deal Notes
  • Type of Security Offered: Series B Common Stock (designated as "CHKNtokens")
  • Purchase Price of Security Offered: $2.94
  • Minimum Investment Amount (per investor): $500
  • Maximum 36,394 shares of common stock ($106,998.36)
  • Minimum 3,401 shares of common stock ($9,998.94)
Valuation
$20,000,000

Company Description

We were facing a serious pain point when it came to marketing our project. As creators of products and solutions in crypto, we needed quick, real-time feedback loops that are efficient in delivering market data — just like entrepreneurs in more established industries. The problem was, the "big-boys" like Facebook and Google were indiscriminately banning crypto projects like ours from from advertising and A/B testing. The big boys are inefficient, bot-ridden, and they don’t get us. We decided to do something radical. We launched a solution that efficiently delivers the responses creators in our industry need, and employ smart contracts to create audiences that are targeted and rewarded in crypto for their answers. Our solution isn't just for crypto companies, but for anyone who demands a more efficient way of reaching out to their audience.

Perks

$500 - $999: 100 EGGTokens for each share of Series B Common Stock
$1,000 - $2,499: 200 EGGTokens for each share of Series B Common Stock
$2,500: 300 EGGTokens for each shares of Series B Common Stock.

Key Deal Facts

Our team seeks to disrupt the global online survey and advertisement industry, which represents a $6 billion and $500 billion market respectively.
Our decentralized application (DApp) allows companies to pay audiences directly, saving on major infrastructure costs. No need to worry about fancy algorithms, SEO, or going above and beyond with paid advertising -- the contents can be egg-cellent all on their own!
Over 100,000 users have already signed up to try our beta, largely due to the success of our referral program. Our users have the opportunity to earn EGGtokens for performing tasks like referring friends. By earning tokens, users are ultimately able to build reputations that they can then leverage in our global economy.

Use of Proceeds

  • R&D
  • Marketing
  • G&A

Management Team / Advisory Board Bios

JOSEPH PITLUCK
CEO
CEO/co-founder & director of FRcowork (FreeRange January 2017-Present [2 hours weekly]) & FRtoken (FreeRange January 2018-present) , DDS (Comfort Dental)

HUAN YANG
President
DDS - Comfort Dental Co-Founder (full time, 40 hours/week) 2008 to present, Director & President of FRcowork (5 hr/week from January 2017-Present), President of FRtoken (2hr/week)

AMBER TERRASAS
COO
Chief Operations Officer of FRcowork (FreeRange Consultant from March 17- September 2017 FTE from September 2017-present) and FRtoken.Chief Operations Officer and Director of FRtoken (January 2018-present. Technology Applications Specialist-City of Albuquerque Government, Director of Product Marketing -Whichcraft (consultant from July 2016-present)

Deal Notes

  • Type of Security Offered: Series B Common Stock (designated as "CHKNtokens")
  • Purchase Price of Security Offered: $2.94
  • Minimum Investment Amount (per investor): $500
  • Maximum 36,394 shares of common stock ($106,998.36)
  • Minimum 3,401 shares of common stock ($9,998.94)
Amount Raised : $11,343
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Security Description

Equity is a stock or any other security representing a direct ownership interest.

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