Hi everyone! We hope you had a great weekend and are having a good week so far, closing 2018 strong!
Special thank you to our new investors, we are truly grateful that you trust us to come along on this journey to provide a lifeline into the future of hundreds of millions of people by changing the way they interact financially!
We're excited about 2019 coming up and wanted to provide you with a little more detail on how we are planning to spend the funds that we receive from you. At the moment we are in the final testing phase for the exchange and are planning to do a soft launch and hopefully be able to launch to the public officially in January 2019.
Use of Proceeds:
If we raise the target amount of $106,998.57, we plan to use these proceeds as follows:
Funds will be implemented into marketing the exchange and growing the user base. Our marketing strategy will be implemented on all social channels.
Research & Development: 25.0%
The budget will be spent on Research & Development of the platform. Focus is on obtaining a broker-dealer license for the region that will allow us to trade stocks on our platform. And development of the mobile application and payment processor.
Company Employment: 20.0%
Salaries for employees of the company.
General business operations, legal and licensing costs.
Working Capital: 14.0%
For general costs of the exchange.
After the Reg CF campaign closes we plan to run a Reg A+ campaign, an exemption signed into law by the SEC, allowing private companies such as ours to raise up to US$50 million. We plan to raise a maximum of US$15 million.
We hope this provides you with more insight on our plans! Wishing a great holiday season to all of you!