Very sorry the long silence... we deeply appreciate everyone's involvement in our initial funding campaign, and we decided to wait until we had solid news before beginning the steady communications. We've been heads-down coding on our platform, working on our SEC paperwork for our Security Token Offering under Reg A+ and recruiting partners for our launch.
We feel we've made enough progress to give you a peek behind the curtain, so here goes!
Contribution to Forbes
I published a piece called 3 Ways Crypto is Disrupting the Energy Markets. There has been a lot of uncertainty in the crypto markets due to the enforcement actions of the SEC's Cyber Unit. Portals such as StartEngine are starting to second-guess themselves on the wisdom of crypto offerings. What you currently see on this portal, as well as in SEC filings from tZero and Gab, are essentially equity tokenized on the blockchain.
Crypto can be so much more. So we're working hard to educate the market on the value of inventing a security token that is cross-optimized between the needs of investors and the project developers.
I was excited to receive a call today from a team of successful solar developers who read the piece in Forbes and asked to join our financing platform. I believe we've created a fundamentally new model that will disrupt markets beyond energy. In fact, the whole $180 Trillion dollars in the global capital markets is up for grabs. I realize that sounds ambitious, if not crazy, but hell -- someone's gotta do it!
We have a few partners ready to launch with us, and we have the initial iteration of our platform ready for release. We don't have a date yet, but it will be this month. Please register on ind.eco, and you'll receive an email as soon as the platform is live. We've made a huge amount of progress on business model and technology. We think you'll be pleased with the results!
Here's a little teaser video that talks about one small aspect of the platform: a security token valuation service. As we engaged in the market, we found that investors had no way to value crypto assets, as they had no history. Equity and debt instruments are relatively easy to value, in that you have comparables & P/E ratios for equity, and credit scores and yield for debt.
Security tokens are software -- so why not analyze the code itself to determine the economic basis of the token, then track the performance against the software blueprint? We realized we had to do this for our own token, why not make it available to others as a core part of our platform.
Here's the video... enjoy!
Our Security Token Offering
We have been working with our law firm, Mayer Brown, on our Form 1-A, the SEC filing to qualify for an exemption from registration under Reg A+. We expect to file within the next couple weeks. It will likely be three to four months before we work through the process and can issue our security token.
It's very important that we do this right. We could take the easy way out, and simply put debt or equity in a token. Instead, we are describing the security token as an "investment contract" issued through a special purpose vehicle. We believe that will allow the token to achieve rapid liquidity, make it easy to make quarterly distributions and provide price support.
Philip Niehoff and Jen Carlson are a great team, working closely with Dan Casto, our CFO, General Counsel and SVP Compliance. I'm confident that the SEC will qualify our offering, and we'll be the first pure-play security token in the market that is available to everyone, regardless of net worth or annual income.
Keep in Touch!
Last but not least -- please connect on social media! If you follow me on Twitter or Instagram, friend me on Facebook or connect on LinkedIn, I'll be happy to follow back. And do the same for Indeco's Twitter, Instagram and Facebook. Please mention that you're an investor when you introduce yourself.
Many thanks for your support -- and have confidence that we're working hard on your behalf toward lift-off!
David Levine, CEO
Indeco :: crypto assets for a better human experience