Please note that this release is intended for the purpose of reporting our capital increase and does not constitute an offer for investors.
SINGAPORE, Sept. 18, 2018 /PRNewswire/ -- NOTUS ECOSYSTEM PTE LTD (NOTUS), a blockchain technology company creating a new ecosystem that utilizes Bitcoin and Ethereum with a zero cost payment system empowered by green energy, have collected $761,000 USD investment in their seed round.
Innovative investment structure to replace downturn of ICO
For the last few years, Initial Coin Offerings (or ICO) has become mainstream as a fundraising tool within the blockchain industry and the demand to invest has continued to grow over the last fourteen months. However, ICO market are experiencing a downturn recently due to various reasons and is affecting the funding of newly established and promising blockchain projects.
To solve this problem, NOTUS designed and proposed a new and effective scheme for qualified institutional investors to invest. NOTUS will be issuing and selling preferred stock with a buy-back option in the future (with preferred stock price pegged to the market price of NOTUS token at that time). This scheme enables qualified institutional investors to start supporting promising blockchain companies in a way which traditional capital markets are familiar with.
At NOTUS, funds collected as equity during this seed and all future rounds, are mostly going to be spent on purchasing of green energy plants, while a small portion of it is spent to develop the NOTUS ecosystem with the issuance of the NOTUS Coin (NOC). Part of the issued NOC will be allocated to numerous bounty programs and many will be sold through token sales to achieve more funds to purchase green energy plants which will enlarge the marketing budget for the ecosystem to expand. The rest of NOC will be kept as assets of NOTUS to maintain its value.
The buy-back option will be in effect as NOC gains value at exchange listings. As we operate the asset or NOC increases its value, the shareholders will receive an equivalent amount of Ethereum or fiat at execution of the buy-back option.
Ryuzo Takahashi, the CEO of NOTUS ECOSYSTEM said "This initial financing and the new scheme are a milestone for NOTUS but I believe it can also be used for the entire crypto industry. NOTUS will continue to commit to building a transparent business management and release people from all transaction costs through cost-free NOTUS ECOSYSTEM."
SOURCE NOTUS ECOSYSTEM PTE LTD