JWL Coin offering is now closed and is no longer accepting investments.

Jewelry Industry Cryptocurrency

INVEST IN JWL COIN TODAY!

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
JWL Coin

REASONS TO INVEST

ABOUT

HEADQUARTERS
23024 Conde Dr.
Valencia, CA 91354
VALUATION
$9.63M

TEAM

David Zinberg
David Zinberg
Chief Executive Officer

David Zinberg is the Company’s Founder, chairman and Chief Executive Officer. From August 2014 through November 2017, he was the founder and CEO of Bidding Unlimited, Incorporated. He has 35 years of experience in the jewelry industry as an accomplished domestic and international multi-business chief executive officer and founder. Through his leadership and organizational ability, he founded the predecessor to BIDZ.com in 1997 and led it to become a leading online jewelry retailer, exceeding $180 million in revenue. In 2007, he listed BIDZ.com on the Nasdaq Capital Market and served as chairman, president, and chief executive officer of the pubic company until May 2014.

Bradley Fuller
Bradley Fuller
Chief Technical Officer

Bradley Fuller has six years of experience in blockchain technology, focused on investing, utilization, and interaction. Educated in international business and finance, trained in software development, and with work experienced in multiple facets of global business. Since February 1, 2015, Bradley has served as the Pricing and Demand Analyst for ZT Systems, a hyperscale server design and manufacturing company. He has the capability and deep understanding required to bring blockchain technology to real-world utilization for businesses and consumers alike, and has been the lead engineer, overseeing the JWL blockchain development since July 2017.

Larry Russell
Larry Russell
Chief Financial Officer

Larry Russell is Secretary-Treasurer and Chief Financial Officer. He is a founding member fo the Company with over 40 years of accounting, auditing, and information systems management experience, including, 8 years concentration in information systems forensic investigations. He served for one year the Chief Technology Officer of BIDZ.com in 2005, and Chief Compliance Officer from 2006 until February 2010. He materially participated in BIDZ.com’s compliance under Section 404 of the Sarbanes-Oxley Act (SOX) and ultimate listing on Nasdaq in July 2007. Larry served as a consultant with the successor to Bidz.com start up company Bidding Unlimited Incorporated, for the year 2015, and commencing January 1, 2016 through December 31, 2017, Larry served as Chief Financial Officer, for Bidding Unlimited Incorporated.

TERMS

JWL Coin
Overview
PRICE PER SHARE
$1
DEADLINE
Apr 6, 2019
VALUATION
$9.63M
AMOUNT RAISED
$27,150.00
Breakdown
MIN INVESTMENT
$500.00
MAX INVESTMENT
$107,000.00
MIN NUMBER OF SHARES OFFERED
10,000
OFFERING TYPE
Equity
ASSET TYPE
SHARES OFFERED
MAX NUMBER OF SHARES OFFERED
1,070,000

Maximum Number of Shares Offered subject to adjustment for bonus shares

Maximum 1,070,000 shares of Common Stock ($1,070,000.00)

Minimum 10,000 share of common stock ($10,000.00)


Company
JWL.com, Inc.
 

Corporate Address
23024 Conde Dr., Valencia, California
 

Description of Business
Cryptocurrency for the jewelry industry
 

Type of Security Offered
Common Stock and the right to receive JWL Coins
 
Purchase Price of Security Offered (Unit)
$1.00 per share of Common Stock
 

Minimum Investment Amount (per investor) 
$500.00











Perks*

*Right to Receive JWL Coins (the “JWLs,” “Coins” or "Tokens")

The Offering includes the right to receive, when the Company conducts a token generation event, five (5) JWL Coins, or Tokens, for every $1 invested in this Offering.

In other words, investors will be entitled to receive JWL Coins for an amount that is that is equal to the investment amount.  

For example, an investment of $500 in Common Stock in this Offering will entitle the investor to 500 shares of Common Stock and 2,500 JWL Coins, in accordance with the terms of the future token generation event.

*All Coins or Tokens will be delivered after this Offering is completed, if and when there is a future token generation event.


Terms of Tokens


JWL Coins

Description of JWL Coins: JWL Coins will enable the holder to interact on an open-source blockchain presently being developed for the Company (the “JWL Blockchain”). The JWL Blockchain will be an independent blockchain created primarily for the jewelry industry, the Company, and for other users, as determined by the development team that the Company has selected to create the JWL Blockchain. One of the Company’s founders, Bradley Fuller, is a member of the development team. As the JWL Blockchain development will be open-source, any individual or industry participant may freely further develop it.

Initial Blockchain: 

  • Migration to Alternative Blockchain: N/A. Full functionality of blockchain will be available at launch with no requirements for a switch.
  • Expected Network Launch date: ~90 days after the completion of our Offering.
  • Expected Price per Token at token generation event or method for determining price:  $0.20 per JWL. To be distributed pursuant to rights in this Offering (5 JWL per $1 invested).
  • Total amount of Tokens authorized for creation: ~200,000,000 total lifetime supply (+ potential small tail distribution)
  • Amount of Tokens or Rights to Tokens already issued: 
    • ~50,000,000 to be restricted coins, set aside for development team, used for development team costs, blockchain improvement, and currency adoption.
    • ~50,000,000 to be provided to JWL.com, Inc. (To be distributed internally and to JWL offering investors)
      • ~5,350,000 of JWL.com’s initial share to be distributed to investors in this Offering.
  • Will they be listed on Exchanges:  TBD**
    • If so, which: TBD**

**See Risk Factors – Currently there are no securities exchanges registered with the SEC that list and trade tokens or cryptocurrencies.

Other Material Terms:

  • Voting Rights: none
  • Restrictions on Transfer: 1 year from closing of the token offering
  • Dividends/Distributions: none
  • Redemption Rights: none
  • Other: none

Additional Information

As soon as JWL is launched and distributed, contributors will immediately have full ownership and control of their JWL, which provides the ability to securely and privately transact with other JWL users.  Investment funds from this Offering will be used to further develop the JWL.com website, to build specific JWL tools, including, but not limited to, secure web wallets, Jewelry industry integration, web based escrow services, and simplified cryptocurrency storage, access, and exchange.

Further, JWL Blockchain will be the foundation for all value within the JWL.com, Inc. ecosystem. If there are any blockchain changes, or if JWL.com, Inc. develops further blockchain solutions to bring the Jewelry Industry into the 22nd century, JWL Blockchain will continue to act as the basic value proposition for users.

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.  

Tax Advisory: Investors should consult their tax advisors with respect to the tax basis for each of the common stock tokens and the Tokens.

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..


The Offering

We are offering one share of Common Stock at a price of $1.00 per share and a right to receive JWLs when the Company launches its token generation event. At the time of the token generation event, the Purchaser will receive five (5) tokens, or JWL Coins, for each dollar invested in this Offering. We anticipate that the price of each JWL Coin will $0.20 per token. Therefore, a purchase of $500 in this Offering, for example, will entitle the purchaser to receive 500 shares of our Common Stock and, upon the token generation event, 2,500 JWL Coins.

The Common Stock is subject to transfer restrictions and the right to receive JWLs are non-transferable.

Although we anticipate to launch the JWL Blockchain within 90 days after the completion of this Offering, the date of the token generation date is uncertain at this time. At this time there is substantial uncertainty about whether the token generation event must be registered or qualified with the United States Securities and Exchange Commission pursuant to the securities laws of the United States and each state. We do not anticipate that such uncertainty will be resolved by the time of the token  generation event. If the Company is required to register or  qualify the token   generation event with the Securities and Exchange Commission, there can be no assurance that the Company will be successful in so doing. Even if the Company is     able to conduct the token generation event, the success of the Company's business,   and the value of its Common Stock, depends on the adoption of an open-source blockchain platform by developers and the acceptance of JWLs by the jewelry industry, but there is no guarantee that such adoption or acceptance will ever take place in the

The offering of our Common Stock and a right to receive JWLs at a future date, is being made pursuant to an exemption from registration with the Securities and Exchange Commissions under Regulation CF under the Securities Act of 1933, as amended.

The Company is including as part of this Offering the right to receive future JWLs when and if a network based upon blockchain and distributed ledger technology is created by developers and users of the blockchain. The JWLs may be used within the network as a currency to effect economic transactions in the jewelry industry. 

Therefore, although the Company has immediate plans to promote this distributed ledger technology, the rights offered and issued in connection with this offering are contingent upon the further development of such technology.  Investors in this offering should not plan on receiving JWLs or tokens and should not include any such future utility tokens as part of their investment decision. Any future utility token shall only have a use within a developed ecosystem and shall not be considered debt or  equity in the Company.

Irregular Use of Proceeds

The company is expecting to pay Officer salaries at an annual rate totaling between $160,000 to $200,000.

ALL UPDATES

02.04.19

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the JWL Coin offering. Here's an excerpt describing the specifics of the change:


Extended campaign 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

01.08.19

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, JWL Coin has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in JWL Coin be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

12.14.18

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, JWL Coin has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in JWL Coin be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

12.04.18

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the JWL Coin offering. Here's an excerpt describing the specifics of the change:


Extending 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

10.01.18

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the JWL Coin offering. Here's an excerpt describing the specifics of the change:


JWL.com, Inc. has extended their campaign.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

08.21.18

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, JWL Coin has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in JWL Coin be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

08.02.18

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the JWL Coin offering. Here's an excerpt describing the specifics of the change:


JWL Coin is extending their offering for 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

07.11.18

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, JWL Coin has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in JWL Coin be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

06.27.18

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, JWL Coin has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in JWL Coin be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine










JOIN THE DISCUSSION













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HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

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SECUREYour info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTSInvest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

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