Source: STM.co
Total Raise | $200,000 USD |
Soft Cap | $1,000 USD |
Raise Status | Closed |
Minimum Investment | $0 USD |
Accepted Investors | International Non-US |
Exemptions | TBA |
Instrument | Shares |
Token Issuance Info | TBA |
Price Per (DGCS) | $0.55 USD |
Token Issuance Platform | Aktionariat |
Secondary Marketplace | Aktionariat |
Blockchains Available On | Ethereum |
Security Type | TBA |
Asset Class | Equity |
Payment Options | TBA |
Token Rights
These blockchain-based security tokens represent shares of Green Consensus SA that are bound to a Token Holder Agreement. The token holder agreement preserves the strategic option of an exit by allowing an acquirer to squeeze out all minority shareholders in case a 75% majority agrees with the acquisition. This is usually called a “drag-along agreement”, hence the prefix “Draggable” in the token name. The DGCS token contract allows the drag-along agreement to be automatically enforced, allowing it to be efficiently executed even if there are thousands of shareholders. At the same time, the agreement also protects the minority token holders by ensuring that they can sell their shares at the same price as the big shareholders in such an event (“tag-along” clause).