This article describes the necessary steps required by investors to whitelist for the Blockport STO.
For a more detailed explanation that takes all legal factors into account, please read section 6.4 in our Investment Memorandum, which can be downloaded after whitelisting.
16th of April we launch the first round of our STO. Find out more on the website.
The Blockport STO
Blockport is seeking to raise capital by means of a Security Token Offering to fuel upcoming growth and invest in its international expansion
This allows us to distribute the ownership of Blockport amongst the stakeholders in our ecosystem that share our vision - whilst helping us to better match the demand we’ve received for a profit share model in the Blockport ecosystem. Find out more about why we're doing an STO.
The first round of this equity raise is planned for the 15th of April, with the goal of raising up to 5 Million Euros.
How will the STO work?
The STO will be conducted in partnership with a third-party issuance platform, Tokeny. Tokeny provides the platform which serves as an interface through which participants can purchase BPS tokens.
Tokeny is a member of ABBL (The Luxembourg Bankers' Association), EU Blockchain observatory forum, EEA (Enterprise Ethereum Alliance) and the Bitcoin foundation. Their platform has facilitated over 18 token sales across five continents, and has been used by more than 50.000 investors.
The official launch date of the STO is the 15th of April 2019. The preliminary starting time is set for 3:00pm, CEST.
Participants of the Blockport Security Token Offering (STO) will gain access on a first-come-first-serve basis.
Access to the token issuance platform & subscription website
To participate in the STO, investors should register through invest.blockport.io to create an account in order to purchase BPS. This is where the whitelisting process begins.
It is important to know that you are responsible for the access to this account and the actions taken under your account. Please keep your login information secure and private. Inform us via firstname.lastname@example.org if you think your access information was lost or stolen.
While accessing the BPS token sale you must carefully read and approve all the documentation provided are made available within the investor dashboard at www.invest.blockport.io.
KYC and AML process
Regardless of what jurisdiction you are in, you will be asked to provide documents for KYC (Know Your Customer) and AML (Anti-Money Laundering) purposes by uploading a copy of your ID and a document showing your proof of residence or other documentation as requested on the offering website. If you are an institutional investor, you will be asked to upload incorporation documents to verify your institutional status.
A step-by-step illustration
Step 1: Create an account at invest.blockport.io.
This will be done with a simple email and password combination, and requires investors to provide their country of residence.
Step 2: Review the Investment Memorandum, click ‘Invest’
After creating your account, you’ll be logged into your investor dashboard. Here, you’ll be able to see a brief overview of the STO details, and you’ll be able to download the Investment Memorandum.
The Investment Memorandum provides investors with all the necessary information about our STO. If you’re confident with proceeding, you can click ‘Invest’ within your dashboard.
Step 3: Specify your investor type
Here, you will need to specify whether you are an individual or institutional investor.
Step 4: Provide your ‘Basic Information’
During this step, you will be required to provide basic information relating to your personal details: name, age, residency, etc.
After clicking on ‘start’, you will be asked if you’re a ‘private’ or ‘institutional’ investor. Then, you will proceed to the next step, filling in your basic information:
Step 5: Provide your Ethereum wallet address
After providing your basic information, you will be asked to provide your Ethereum wallet address.
If you don’t have an Ethereum wallet address yet, you can very easily create one through the recommended guide in your dashboard, by clicking on “easy to follow guide”.
Please make sure you enter your correct Ethereum address. When BPS tokens are issued, investors will receive these on the ETH address provided in this step.
If you think you may have entered the incorrect Ethereum address, please send an email to email@example.com.
That’s it for now.
After completing this step, you will see this message:
After this step, Blockport will perform necessary KYC checks. When KYC is approved, investors will receive a confirmation email. If we need more documentation or KYC is disapproved, investors will also receive an email notification.
Next steps: 15th of April
The STO will launch on the 15th of April at 3:00pm, CEST.
Keep an eye out for our next article on how to invest on the 15th of April.
Important: Accreditation for US investors
If you are a US resident, you must be an “accredited investor” in order to participate in the STO. As part of the registration, you will be asked to confirm that you are an Accredited Investor by providing one of the following:
A. If you are a natural person claiming status as an Accredited Investor based upon your net worth, you will need:
1. A copy of your most recent (within the past 3 months) bank statements, brokerage statements, tax assessments, or other independent documentation showing your assets; and
2. A copy of your most recent (within the past 3 months) credit report from one of the national consumer reporting agencies showing your liabilities.
B. If you are a natural person claiming status as an Accredited Investor based upon your income:
1. A copy of your federal tax returns for the past two (2) most recent years; and
2. A written representation from you that you reasonably expect to reach at least the same level of income in the current year as the past two (2) most recent years.
C. A written confirmation from one of the following independent third parties (i.e., who do not work for the Token Issuer or its Affiliates) that they have taken reasonable steps to verify your status as an Accredited Investor:
- FINRA registered broker-dealer or investment advisor;
- Attorney in good standing; or
- Certified public accountant (CPA) in good standing
- D. Such other independent documentation or evidence deemed reasonable by the Issuer to verify your status as an Accredited Investor
If you have any questions during the purchasing process you should contact firstname.lastname@example.org with all of your questions. By using the subscription website, you agree to the Terms and Conditions as well as all other conditions of the token sale.
Blockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 15th 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.