PO8 Token

SPO8

PO8 logo

The Raise Total

$50,000,000

Price Per Token

$5.00

Raise Start

-

Minimum Investment

$10,000

https://po8.io/

PO8 is a tech company in the marine archaeology space utilizing blockchain, artificial intelligence, robotics and virtual reality to recover and tokenize a unique set of underwater cultural heritage assets and reshape their ownership by digitizing them as Non-Fungible Tokens (NFTs), with a stored value of the underlying asset. The company’s main revenue generators include: monetizing recovered items, transaction fees from its NFT Marketplace, digital collectibles revenues and other ancillary revenues from licensing big data, visual content, and its museum foundation.

Terms

Fundraise Information

Total Raise $50,000,000 USD
Soft Cap -
Raise Status Open since 2019-03-08T00:00:00Z
Minimum Investment $10,000 USD
Accepted Investors International - Accredited
Security Type Equity
Exemptions -
Instrument Private Placement

Token Information

Price Per (SPO8) $5.00
Token Issuance Platform -
Token Protocol Other
Token Issuance Info 12 months
Payment Options
  • Euro
  • Other Fiat
  • BTC
  • ETH
  • BCH
  • XLM
  • USD
  • XRP
  • EOS
  • NEO

About

Overview

STO RAISE: US$50,000,000 OFFERING OF 10,000,000 ORDINARY SHARES OFFERING PRICE: US$5.00 PER SHARE MINIMUM OFFERING AMOUNT US$10,000 (1-UNIT) MINIMUM PURCHASE 1-UNIT 40% ANNUAL RATE OF RETURN MATURITY DATE: 12 MONTHS Token Standard: ERC 20/1400 - Standard Digital Tokens with Dividend Option Amount of Tokens: 10,000,000 STO Smart Contracts Smart Contract Address: 0xf249d64fca11277ce163610fc494f94170397e69 Return on Investment: 40% Terms of Escrow: Subscription amounts will be deposited in an escrow account with the Escrow Agent, who will accept and verify all subscription receipts and will only release the funds to the Company when all conditions of this Offering are met. Equity Ownership: Holders of the Ordinary Shares who have an equity interest in the Company. Referendum Rights: Holders of the Ordinary Shares have Referendum rights. Registration: Evidence of ownership will be evidenced by book entry. No certificates will be issued for the Ordinary Shares. SPO8 Security Tokens will be issued. Security Token Delivery: SPO8 are automatically delivered to the Ethereum wallet address used to contribute ETH during the token sale upon verification of your KYC/AML compliance and receipt of the appropriate amount of ETH. Issuance of SPO8s are done by the Issuing Agent and Registrar & Transfer Agent, Leno Corporate Services Limited. Fluctuating ETH Value: The contribution funds are in the form of ETH (Ether or Ethereum), which has a fluctuating value due to its tradability on the market. While the US Dollar price per token in this STO Offering will be set as close as possible to the initial US$5.00 per Share Token, fluctuations in the ETH value may result in some price discrepancies. Should there be a significant change in ETH value exceeding 10% in either direction, then the Company reserves the right to change the number of SPO8 Tokens delivered per ETH contribution. The number of SPO8 Tokens actually delivered shall be determined at the time of contribution prior to KYC/AML verification. OFFER TIMETABLE Opening Date: 9 a.m. Local Bahamas Time, March 8th, 2019 Closing Date: 4:00 p.m. Local Bahamas Time, July 30, 2019 Issue Date: July 30, 2019 Confirmation Date: Within 30 days of Closing Date

Highlights

Return on Investment: 40%

Team

Matthew Arnett

Co-founder & CEO

Bill Lange

Director of Advance Imaging and Visualization

Anh Nguyen

CTO

Dana Yu

Director of Community - Asia

Claudio Bonifacio

Chief Artifacts Officer

Raul Vasquez

Co-Founder & COO

P. Jillian Bethel

Director of Partnerships and Development

David Gallo

VP of Exploration

Evan Kovacs

Director of Expeditions

Troy Launay

Director of Salvage Operations

Advisors

Don Cornish

Ministry of Local Government, West Grand Bahama, Bahamas

Garry Smith

Bahamas Agricultural and Industrial Corporations (BAIC)

Theo Burrows

Partner, Graham Thompson, The Bahamas

Frederick Arnett

Board Advisor, The Nature Conservancy, The Bahamas

Jun Hao

Board Advisor, Founder, BlockConnectors, Singapore

Jin Jiahao

Board Advisor, Venture Capitalist, Partner at Sequoia Capital China

Investors

Cerberus International (Hong Kong)

Press

“How this archaeology start-up is using Blockchain to uplift Bahamians”
“Bahamian blockchain firm wins IDB award”
“Bahamian Firm to Boost Local Economy with Blockchain-Based Sunken Treasure Project”
“Un galeón hundido espera tecnología del siglo XXI para salir a la luz”

Use of Funds

Development

65%

Admin

15%

Marketing

10%

Inventory

5%

Legal

5%