Ubitquity

Ubitquity

Enterprise-ready blockchain-secured platform for real estate recordkeeping

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
Wilmington, DE
Offering Date
April 13, 2019
Expected Close Date
July 12, 2019
Target Raise
$250.00K-$750.00K
Deal Notes

Conversion discount: 20.0%

Interest rate: 6.0%

Note term: 24 months

Company Description

Enterprise-ready blockchain-secured platform for real estate recordkeepingThere has been little innovation in the way property is tracked and organized. It’s still a time consuming, labor intensive process, and there’s still a central point of failure that makes it all susceptible to fraud.The Blockchain brings this into the twenty-first century.The efficiencies found in the distributed ledger makes the process much more streamlined and efficient, plus adds an additional layer of fraud resistance.Enter Ubitquity.We help title companies, municipalities, and custom clients benefit from a clean record of ownership, thereby reducing future title search time, and increasing confidence and transparency.We've created a functioning, easy to use enterprise-ready platform and API for inputting property information, including uploading and recording documents onto the blockchain.We’re Blockchain agnostic -- compatible with Ethereum, HyperLedger, PostChain, Quorum, and others. Our platform can be applied to a spectrum of industries beyond real estate such as aviation title & escrow and hotel loyalty rewards. We offer a simple user experience for securely recording and tracking property with our Blockchain-as-a-Service (BaaS) blockchain platform, ecosystem, and API called unanimity℠.

Perks

$25,000 - 15% discount on future services.
$50,000 - BaaS access fees waived for 1 year and dedicated case study (with our research partner) written + shared on social media.
$100,000 - Round-trip business class travel to a US city of your choice, 2 nights in a 5-star hotel, dinner with CEO/COO. Also includes an invitation to annual updates (dinners, calls, etc.) with the Ubitquity senior management team.
$150,000 - All the perks of the $100,000 and $50,000 tier, plus we highlight your company's case study at a Blockchain related conference in 2019.
$500,000 - Restricted IP licensing. Subject to prior discussion and agreement with Ubitquity.

Key Deal Facts

During 2018 the company generated over $290,000 and was profitable with over $140,000 in Net Income (unaudited)
Secured contracts with companies such as AIC Title and Coast to Coast Title
Marina Reznik of Atlantic Sotheby's International Realty, recorded a recent purchase transaction onto the Bitcoin blockchain using the Company’s technology
Advisors include Avi Spielman, a large real estate landlord
Notable press from publications including Forbes, Reuters, and CoinJournal

Use of Proceeds

Staff Salary: 30%

Improvements to Codebase: 30%

Professional Services: 10%

Travel to Conferences + Conference Sponsorship: 15%

General Expenses: 5%

Marketing: 10%

Management Team / Advisory Board Bios

Nathan Wosnack - Founder & CEO
Nathan is an entrepreneur, futurist, and pioneer in crypto-currencies since 2009. He has mentions in Reuters, CoinTelegraph, PanAm Post, The Wall Street Journal, and many other news outlets. Nathan is on the North American Advisory Board for Cryptor Trust Inc, Futurist Advisory Board - Lifeboat Foundation, and most recently as Advisory Board member for PropTech LATAM (Latin American) Summit. He is Founder & CEO of Ubitquity LLC, an enterprise-ready blockchain secured platform for real estate record keeping, and co-founder of Equibit Group; a company building a decentralized securities network powered by blockchain technology.

Deal Notes

Conversion discount: 20.0%

Interest rate: 6.0%

Note term: 24 months

Amount Raised : $101,000
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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