Maximum 107,000,000* shares of Preferred Stock ($1,070,000.00)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 1,000,000 shares of Preferred Stock ($10,000)
|Corporate Address||2901 W Coast Hwy, #200, Newport Beach, CA 92663|
Description of Business
Global decentralized P2P delivery and temporary warehouse services on a blockchain
|Type of Security Offered||Preferred Stock (the "Shares" or "Securities") and Mulechain Tokens (the "Tokens")|
|Purchase Price of Security Offered||$0.01 per share of Preferred Stock|
|Minimum Investment Amount (per investor) ||$500.00|
The Offering includes 10 MuleChain Utility Tokens, ("MCX") tokens per $1.00 invested in this Regulation Crowdfunding Offering.
*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.
MuleChain Charter Members and NEM Community Members Bonus
The MuleChain Charter Members and the NEM community members who have signed up with MuleChain before the launch of this Reg CF campaign shall receive the right to 11 MCX Tokens per $1.00 invested in this Regulation Crowdfunding Offering.
Terms of Tokens
Description: The MuleChain token (MCX) will be used on the MuleChain platform as the global medium of exchange by the MuleChain members to pay and receive fees earned by the work of the members on the platform. MCX will also perform the function as a risk mitigation tool to be held as collateral by the smart contracts when shipped items are in transit. The MCX will be generated on the NEM blockchain platform.
- Initial Blockchain: NEM
- Migration to Alternative Blockchain: N/A
- Expected Network Launch date: Q4 2019
- Total amount of Tokens authorized for creation: 1,000,000,000
- Amount of Tokens or Rights to Tokens to be issued: 10,700,000
- Will they be listed on Exchanges: Yes
Other Material Terms:
- Voting Rights: None
- Restrictions on Transfer: 1 year from closing of Offering
- Dividends/Distributions: None
- Redemption Rights: None
- Other: None
Holders will need to inform us of their intention to accept the MCX bonus token within 30 days after the close of the Offering and provide us with a valid wallet address. The Company intends to transfer the MCX tokens within 60 days after receiving confirmation and wallet addresses from all investors in the first 30 days after the close of the Offering. These perks may or may not be realized due to any unexpected compliant issues. The recipients of the MCX tokens through this Reg CF offering will have to hold on to the tokens for one year from the date that the investment is made to comply with the current regulation.
Tax Advisory: Investors should consult their tax advisors with respect to the tax basis for each of the Equity and the Tokens, since they will trade independently.
Jurisdictions: No Investor who (i) resides, (ii) is located, (iii) has a place of business, or (iv) is conducting business (any of which makes the Investor a “Resident”) in the state of New York will be accepted in this offering.
*All perks occur after the offering is completed.
The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items. There is no guarantee that successful development will ever occur. The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
The 10% Bonus for StartEngine Shareholders
Mulechain will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 10,000 shares of Preferred Stock at $0.01 / share, you will receive 1,000 Preferred Stock bonus shares, meaning you'll own 11,000 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.