Last week, we announced that the planned second and third rounds of our STO fundraising will not be accessible to the general public.
This means that our community of users and investors will only be able to participate in the first round of the STO, and not in the later rounds of the equity-fundraising.
Read more about that here.
In this article, we'll explain how to invest when our STO goes live on the 16th of April.
16th of April we launch the first round of our STO. Find out more on the website.
Participating in our STO
To participate in the STO, you’ll first have to whitelist yourself. Make sure to do this prior to the start of the sale on the 16th of April to make sure you’re all set on time. Read the guide on how to whitelist.
After you’ve finished with the whitelisting, you’ll be eligible to participate when our STO goes live on the 15th of April.
The STO launch time is set for 15:00 CEST on Tuesday the 16th of April. Investors will participate on a first-come-first-serve basis, and we therefore recommend having all necessary preparations done before the STO goes live.
When participating on the 16th of April (or after, if spots are still available), complete the following steps:
1) Enter the investment amount
In this step you have to enter the amount you wish to invest and select your payment method/currency: EUR, USD, BTC, or ETH. (Find more information about payments at the end of this article)
Please Note: The currency in which you make the payment does not affect your place in the queue. Blockport records the time when you finished the payment in step 3 to determine your place in the queue. Therefore, the time of arrival of funds in Blockport’s account does not influence your place.
2) Sign the subscription agreement
During this step, your credentials will be pre-filled for you and you can digitally sign the subscription or "investment" agreement. Please ensure that all information is correct before signing.
3) Confirm payment address
Depending on the payment method / currency you selected in step 1, you will see the corresponding payment address.
In the examples below you can see examples of a payment with ETH and USD. Make the payment to the correct address visible on your screen.
4) You’re finished!
You can now return to your dashboard.
5) Investor dashboard
In your investor dashboard you will now see your pending transactions. These will be updated when the Blockport team has performed all required checks. Do not worry if this takes a while, there are manual checks involved. There is currently no action required from you.
What else do you need to know before participating on the 16th of April?
What to expect once the STO is live
Investors will be accepted for participation on a first come first served basis. This means that investors who went through the payment steps first, will be the first in line. The time of arrival of funds does not matter and does not influence your place in the queue.
The STO starts on the 16th of April, at 15:00 CEST and ends on the 15th of May.
During this month, investors will not be able to see the progress of the fundraising round in real time. Blockport will disclose the amount raised when the round has officially ended. This is due to the fact that certain investors could be refunded during the STO. As such, it is impossible to reflect accurate numbers and metrics in real time during the STO period itself.
Receiving your BPS
Investors will receive BPS in their personal wallet a few weeks after the STO ends.
To receive your BPS, you will need to enter a valid Ethereum (ETH) wallet address. This wallet address must be compatible with ERC20 tokens. You must be in total control of this wallet and it must belong to you (you own the private keys of this wallet).
This wallet cannot be changed easily, please be careful when you choose it. It will be linked to your identity as an investor. We recommend using the Metamask wallet, or the MyEtherWallet, which are both easy to set up. A video guide for installing Metamask can be found here.
More information about receiving BPS can be found in the Investment Memorandum, which is accessible through the investor dashboard.
Tradability of BPS
Blockport aims to have BPS listed on a regulated trading venue, or regulated market in the near future so that investors can trade BPS on a market. Blockport envisions BPS to be listed on a prominent trading venue that is capable of supporting a healthy market, which benefits all stakeholders in the long run. However, Blockport cannot guarantee a specific date when such listing is going to be achieved and will be selective about the listing of BPS on a regulated trading venue.
Although BPS will not be listed on a regulated trading venue immediately, BPS can be traded between certain investors (over-the-counter). Investors residing in the EEA will be able to freely transfer BPS to other wallets of approved investors residing in the EEA. Holders residing in the EEA will be prohibited from transferring their BPS to US residents within 12 months of consummation of the offering.
In the event that the soft cap of 1 Million Euros is not reached during the STO, all investors will be refunded their investment amount.
Accreditation and KYC
To participate in the STO, you need to go through the whitelisting process before you can purchase BPS. While your whitelisting approval might still be in a pending state, it will not block you from moving to the payment steps. Investors should always consult the Investment Memorandum and see if they’re eligible to participate. When investors who are not eligible to participate send funds to purchase BPS, they will be refunded.
If you’re a US investor, you need to provide proof of accreditation. If you don’t have this on hand, and you are for example waiting on your accreditation letter to be signed by your attorney, you can still continue with the purchase and provide the proof later.
Note: make sure to upload your proof of accreditation before the end of the STO, otherwise we have no other choice than to refund your investment amount and you will not receive BPS.
--Additional payment information--
USD or EUR
To purchase BPS tokens with USD/EUR, choose the currency USD/EUR on the Calculator and the amount you want to invest. Then, on the payment step you will have access to the payment information, meaning the bank account information to where you need to send the funds. Do not forget to enter your reference number when you proceed with your payment, it will allow us to attribute the payment to your account. Please note that the bank account for USD/EUR payments only accepts USD/EUR.
To purchase the Tokens with Bitcoin, choose the currency Bitcoin on the Calculator and the amount you want to invest. Then, on the payment step you will have access to the payment information, meaning a Bitcoin address where you need to send the funds. This address is only for your own usage and should not be shared. Don’t use a wallet from an exchange to process your payment. The payment should come from a wallet you are in total control of and that belongs to you. Please note that this address only accepts Bitcoin.
To purchase the Tokens with Ether, choose the currency Ether on the Calculator and the amount you want to invest. Then, on the payment step you will have access to the payment information, meaning an Ethereum address where you need to send the funds. This address is only for your own usage and should not be shared. When processing your payment, be careful to respect the gas limit and gas price indicated on the payment page. Don’t use a wallet from an exchange to process your payment. The payment should come from a wallet you are in total control of and that belongs to you. Please note that this address only accepts Ether.
Blockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 16th of April 2019.
Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users.
The Blockport platform is connected to external exchanges and aggregates liquidity through its smart-order-routing system to automatically offer the best prices to its users.
In the coming year, Blockport is building on a hybrid-decentralized architecture that allows users to trade with high performance, whilst safely storing their funds on a blockchain wallet, meaning they own their private keys.