Cryptocurrency-powered investment platform, EQUI announced on Wednesday that it will be holding a public initial coin offering (ICO), from March 8-31, 2018. EQUI’s core investment model will be to take equity or loan positions in innovative businesses that can demonstrate vision and scalability. It offers an investment platform where a tokens’ value is directly underpinned by the quality of the underlying investment projects it features.
“This makes it a game-changer in the crypto space, where projects have traditionally been valued based on hype and not asset values,” the company stated.
According to the announcement, EQUI is a web-based application that uses the Ethereum blockchain to process and store credentials, information and transactions, including the acquisition of project stakes, distribution of profits, and the deployment of investment returns and investor rewards.
Projects are showcased on the platform and participants use “EQUItokens” to acquire a stake in projects. Upon realization, returns are distributed to those who have invested in the projects, according to the announcement.
“EQUI brings venture capital investing into the modern technological era and opens the investment playing-field up to non-industry professionals, enabling them to back the next hot investment that is traditionally the preserve of institutions and ultra-high net worth individuals,” stated EQUI cofounder Doug Barrowman.
Investors who commit their tokens to underlying projects will receive 70 percent of profits generated by projects they participate in, and a further five percent will be awarded to those who leave their token within the platform, the company stated. These businesses may require not only capital, but also expertise to steer the venture to optimization and fulfil their true potential, the company added.
According to the statement, the creation of the platform follows the launch, by EQUI founders Barrowman and Michelle Mone, of a USD 300 million property development in the heart of Dubai – the first of this scale to be offered for sale in a cryptocurrency.
For more information and to read EQUI’s whitepaper, go to www.equi.capital.