Coinvest

Coinvest

Invest in hundreds of cryptocurrencies and indexes with one wallet and one COIN

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Security Type
Other
Location
Carrollton, TX
Offering Date
May 21, 2018
Expected Close Date
July 29, 2018
Target Raise
$100.00K-$1.07M
Deal Notes
  • Type of security: Token DPA (Last stage with Escrow) Learn more
  • Maturity: 3 years
  • Cash Interest: 15%
  • Token Repayment Premium: 10% before 6 months, then 20% if repaid before maturity
  • Elective Partial Refund: 75% of net debt amount before 2 years
  • Investment size: min $100, max $107K

Company Description

Coinvest will be a single destination for users to learn, invest, and spend cryptocurrencies. The Coinvest ecosystem (built by Coinvest LLC, the parent company of Coinvest Labs LLC's, together "Coinvest"), will consist of a wallet and investment trading platform to handle all of your cryptocurrency investment needs. The Coinvest trading platform will enable anyone to easily invest in hundreds of different cryptonized assets and indexes using only one wallet and one coin. The Coinvest Labs investment process will be managed by smart contracts which will be the custodian of the network. User invested funds will be held by the smart contract until withdrawn by the user. Third-parties, including Coinvest, NEVER have access to invested funds, including the reserve pool that collateralize and back all investments traded in the network. Once an asset is sold from a user’s portfolio, COIN will be returned to a user's wallet and can be spent directly using our built-in debit card account.

Key Deal Facts

Developed the COIN protocol and smart contracts
Developed and released a MVP prototype
Upgraded to V2 of the COIN protocol and smart contracts
Filed as a MSB with the US FinCEN and provided notice to the US SEC on its offerings.

Use of Proceeds

  • General Marketing
  • General Working Capital

Management Team / Advisory Board Bios

Damon Nam
Founder
Damon is an IT professional and 16 year Microsoft alumnus, where he was a Services Program Director for the US. There he was responsible for the US Services Partner program; approx. 75 partners and a book of business of over $90 million in revenue.

Tony Scott
Advisor
In 2015 Tony Scott was appointed by President Barack Obama to serve as the third Federal Chief Information Officer of the United States. As CIO of Microsoft, Scott was responsible for all aspects of the company’s information technology organization.

Pete Cashmore
Advisor
Pete Cashmore is the founder and CEO of Mashable, the leading source of news, information & resources for the Connected Generation. Pete was named one of Time Magazine's 100 Most Influential People in 2012.

Deal Notes

  • Type of security: Token DPA (Last stage with Escrow) Learn more
  • Maturity: 3 years
  • Cash Interest: 15%
  • Token Repayment Premium: 10% before 6 months, then 20% if repaid before maturity
  • Elective Partial Refund: 75% of net debt amount before 2 years
  • Investment size: min $100, max $107K
Amount Raised : $1,070,000
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Security Description

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