Altcoin.io

Altcoin.io

The cryptocurrency exchange of the future

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Security Type
SAFE
Categories
Financial Services
Location
San Diego, CA, CA
Offering Date
July 09, 2018
Expected Close Date
October 07, 2018
Target Raise
$1.07M
Deal Notes
  • Future Equity (SAFE)
  • $10M valuation cap

Company Description

Hackers have stolen almost $10 billion in Bitcoin in the last few years, and centralized exchanges are to blame. By holding your tokens in a single vault during each transaction, they create a single point of failure, a weakness hackers can easily exploit. The market wants a secure way to trade. At Altcoin.io, we’re building a decentralized exchange that puts safety first: you stay in control of your coins the entire time. Already, 110,000+ traders have pre-registered since September 2017.

Perks

$500+ Free Altcoin.io T-Shirt and signed "Thank You" card
$1,000+ Free trades for life on our exchange when launched
$5,000+ Framed stock certificate of your Altcoin.io investment
$10,000+ A few hours spent with our development team to utilize the Altcoin SDK
$20,000+ Receive 1% of our net trading profits for 1 month upon launch
$50,000+ Receive 1% of our net trading profits for 3 months upon launch

Key Deal Facts

110,000+ pre-registered users
Founder named 30 Under 30. Grew previous company to 100+ employees
Centralized and less secure competitor Coinbase earned $1 billion last year.
Founder's two previous companies acquired
First DEX to implement a Plasma-like sidechain solution
Featured on Bitcoin.com, Coindesk, CoinTelegraph, Cryptovest, and more
Accomplished and open-sourced world's first Ethereum and Bitcoin atomic swap

Use of Proceeds

If we raise: $400,000

  • 95% expand engineering team, perform 3rd party security audits & bug bounties, additional legal counsel, expand operations/support team, and create internal marketing team.
  • More specifically we'll be looking to hire 2-3 new engineers, ~$100k will go towards security tests, ~$100k towards legal counsel, and we'd also hire 3-4 new individuals for operations/support/marketing roles.
  • 5% Wefunder Intermediary fee.

If we raise: $1,070,000

  • 95% expand engineering team, perform 3rd party security audits & bug bounties, additional legal counsel, expand operations/support team, and create internal marketing team.
  • More specifically we'll be looking to hire 3-4 new engineers, ~$200k will go towards security tests, ~$100k towards legal counsel, and we'd also hire 4-5 new individuals for operations/support/marketing roles.
  • 5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Andrew Gazdecki
CEO and Co-Founder
2014 — Inc. 500 #58 Fastest Growing Company, 2015 — Inc. 500 #91 Fastest Growing Company, 2017 — Inc. Magazine’s 30 Under 30

Sulejman Sarajlija
CTO and Co-Founder
Enthusiastic about blockchain and cryptocurrency. B.S. Software Computer Engineering.

Deal Notes

  • Future Equity (SAFE)
  • $10M valuation cap
Amount Raised : $0
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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