Founded in 2017, Coinseed has developed an easy-to-use mobile app for secure micro-investments in cryptocurrencies or simulated trading. The mobile app is available on Android and iOS devices and aims to make it easy, automated, and fun to invest small amounts in individual cryptocurrencies or a portfolio of select tokens. [Read More]
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders.
December 03, 2018
February 28, 2019
Third-Party Professional Fees: 20% - 11%
General Marketing: 60% - 84%
General Working Capital: 20%.- 5%
Del Davaasambuu - Founder & CEO
Prior to Coinseed, Del founded MyEtherShop and Tryclub. MyEtherShop allows users to make purchases from Amazon using Ethereum in order to improve the liquidity of Ethereum. Del studied physics at Meiji University in Japan.
Sukhbat Lkhagvadorj - Founder & CFO
While co-founding Coinseed, Sukhbat also works as a Data Analytics Consultant at DAS42. Before that, he was an Associate Analyst at NERA Economic Consulting. Sukhbat graduated from the Wesleyan University with a B.S. in Mathematics and Economics.
Security Type: Crowd Note
Conversion Provisions: In connection with equity financing of at least $1,000,000, the Company has the option to convert the Crowd Note into shares of non-voting preferred stock (Conversion Shares) at a price based on the lower of (A) the price paid per share for Preferred Stock by investors in the Qualified Equity Financing or (B) the price paid per share paid on a $5 million valuation cap. Please refer to the Crowd Note for a complete description of the terms of the Crowd Note, including the conversion provisions.
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