This round is no longer accepting investments, but hundreds just like it are live now.

Log In

INVEST IN SPINTURA TODAY!

Crypto Reward Driven Social Network

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.

$26,357.67 Raised

REASONS TO INVEST

ABOUT

HEADQUARTERS
215 East 68th St.
New York, NY 10065

TEAM

David Chassen

David Chassen

CEO

Twenty-year Wall Street trader with a specialty in technology-oriented companies. David previously led an algorithmic trading desk giving him insight into complex trading algorithms which helped lay the foundation for his work on Spintura. He previously led a biotechnology patent licensing company personally constructing licenses with American Home Products and Applied Molecular Evolution. David is also a holder of multiple mobile application inventions and claims.

Veljko Duricic

Veljko Duricic

CTO

Veljko, winner of the KPMG hackathon, has extensive experience in app building. With over 15 years of experience as Developer, Leading Developer, c ++ (Clipper), c # (asp.net, WinForms, WCF, Xamarin iOS and Android development, .NET Core), Oracle Database PL / SQL ORDBMS , MSSQL T-SQL. Experience in iOS and Android development, Over 2 years at ZAP software working with solutions like Xamarin and .NET Core.

Ivan Radivojevic

Ivan Radivojevic

Lead Programmer

Ivan, winner of the KPMG hackathon, is an experienced and award winning programmer. More than 8 years experience in OSA Computer Engineering. Experienced programmer in C ++, C #, .NET, WCF, Autodesk. Vast experience in database management in Oracle, Microsoft SQL. Positions: Developer, leading developer, team leader. Experience in iOS and Android development, Over 2 years at ZAP software working with solutions like Xamarin and .NET Core.

Milan Milosevic

Milan Milosevic

Director: UXUI

A decade of experience as a graphic, web, UX / UI designer. Experience in building products as well as experience in Adobe Photoshop, Adobe Illustrator, Adobe InDesign, Sketch, Balsamiq, Wordpress, PHP, AJAX, JavaScript, HTML, CSS, XML, MySQL AutoCAD, Artlantis, Dreamweaver. Featured for his work in publications like The Washington Post

Nemanja Petrovic

Nemanja Petrovic

Director 3D Graphics/Animation

Motion graphics, 3D animation and modeling expert. CEO of One Creation, a multimedia company with clients such as Vivendi Universal, IBM, France Telecom, Lanvin and more. Previously worked for PUBLICIS, one of the biggest communication companies in the world.

Armann Kojic

Armann Kojic

Investor and Advisor

CEO/Founder Greenvolt. Armann was previously at deCODE genetics (NASDAQ: DCGN) which sold to Amgen for 450M$. He also completed Stanford´s StartX Mentor Labs.

Hristo Piyankov

Hristo Piyankov

Advisor

Analytics Director of one of the biggest consumer finance companies in China. He brings to the table a deep knowledge of financial networks and ecosystems that drive an ecosystem like Spintura.

TERMS

Spintura
Overview
PRICE PER SHARE
$1
DEADLINE
Nov 5, 2019
VALUATION
$5.36M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
10,000
MAX NUMBER OF SHARES OFFERED
1,070,000
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock and SPINS Tokens

Maximum Number of Shares Offered subject to adjustment for bonus shares

Perks*

Utility Tokens called SPINS will be offered as a perk on a when issued basis along with Common Stock at a rate of 100 SPINS per Share. A token bonus rewarding earlier investors will also be provided in the following proportions:

0-$100,000 - If participating in the first $100,000 invested in the campaign a 50% bonus or 50 additional SPINS per share will be awarded for a total of 150 tokens per Common Stock share.

$100,001-$500,000 - If participating in the $100,001-$500,000 portion of the campaign a 40% bonus or 40 additional SPINS per share will be awarded for a total of 140 tokens per Common Stock share.

$500,001-$1,070,000 - If participating in the $500,001-$1,070,000 portion of the campaign a 30% bonus or 30 additional SPINS per share will be awarded for a total of 130 tokens per Common Stock share.

BONUS PERK

>$5000 -If investing $5000 or greater a bonus 50 SPINS per Common share will be awarded in addition to the above perks.

*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.

Terms of Tokens

Spintura Utility Token (SPINS)

Description: SPINS is a cryptocurrency token which will be deployed on the Ethereum network, compliant with the ERC20 token standard. SPINS will be the main settlement token of the Spintura platform, which is aimed at photo and video sharing.

SPINS will facilitate the direct purchase of goods and services and be exchanged for sponsored posts between users and established brands. There are currently no plans to migrate to a different network. This will only be considered if a significantly superior solution presents itself.
The network is expected to launch late summer 2019. 

  • Initial Blockchain: ERC20 
  • Migration to Alternative Blockchain: N/A
  • Expected Network Launch date: Q3 2019
  • Total amount of Tokens authorized for creation: 1,607,000,000
  • Amount of Tokens or Rights to Tokens already issued: 0
  • 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

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 and the Tokens, since they will trade independently.

Although Spintura intends to distribute future utility tokens as perks, Spintura will only distribute such tokens provided that the distribution complies with all the prevailing state and federal laws and regulations at the time of distribution. Thus, there exists the risk that some tokens will never be distributed at the time of an initial distribution or thereafter if prohibited by law. For example, New York State regulations broadly define "utility tokens" and "virtual currencies" and the application of state law may prevent the intended distribution of tokens to New York state residents.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Inter company debt or back payments.

ALL UPDATES

10.21.19

Notice of Funds Disbursement

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

Hello!

As you might know, Spintura 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 Spintura 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

09.19.19

Notice of Funds Disbursement

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

Hello!

As you might know, Spintura 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 Spintura 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

08.28.19

Notice of Material Change in Offering

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

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


Extended length of 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.

08.14.19

A brief update concerning our marketing freeze

It has become apparent that Facebook’s blocking and blacklisting of our marketing efforts is not an isolated incident. Through our discussions with various media we have learned that it is somewhat common for FB to block advertising that they do not like or find threatening without providing any substantive reason for their actions, in our case a competing social media platform. It is a sad state of affairs that in this great country of ours, free market principals are restricted in such a surreptitious way by one of the world’s largest monopolistic companies. A company whose own co-founder, Chris Hughes, has trumpeted calls to break up Facebook for these commonly known, but yet publicly unproven practices.

We at Spintura will not cease in our efforts to find a way around these challenges while trying to get our innovative product to market.

08.08.19

Notice of Funds Disbursement

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

Hello!

As you might know, Spintura 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 Spintura 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

07.18.19

Spintura coverage blocked by Facebook & Instagram

A quick update on Spintura happenings:

All successful crowdfunding campaigns need social media presence to get the message out. Our campaign was getting great traction and data while preparing for our main SMM push, but after seeing a competing social network and its related elements, Facebook blocked Spintura from the consumers digesting 87% of all US social media ad spending and essentially shut down investor access to our campaign page through SMM.

We at Spintura believe that every challenge has a solution, we plan to take our case to the people. Through Twitter and a PR campaign, we will make the public aware of the injustice of Spintura being denied access to the most powerful media ecosystem in the world, owned by a company whose own co-founder now calls for its breakup based on Facebook’s anti-competitive monopolistic practices.

Furthermore, we continue to feel optimistic that the benefits of using Spintura, will drive us to successfully becoming a significant player in the social media world.

As a side note, in an irony that would be comical if not so serious an issue, Facebook is currently preparing to unveil their own cryptocurrency to the world in a surreptitious effort to control parts of the world’s monetary system. At least they are consistent.

https://www.cnn.com/2019/05/09/tech/facebook-chris-hughes-break-up/index.html


07.08.19

Featured in TECHBULLION

DIGITAL MARKETING

A New SPIN to Social Media: Share, Measure, Earn

What if Facebook and Instagram were fragments of the known world of social media? 

What if the two were flat, landlocked countries in a bigger planet—a sphere of many sources of influence—in which people can leave these platforms for more transparent and remunerative opportunities elsewhere? 

What if people were to content themselves with more than content alone, earning rewards for what they write, photograph, and produce, instead of enriching everyone but themselves?

To ask these questions is to free ourselves from a business model that monetizes every word, calculates every keyword, and converts every click into dollars—without paying most people a dollar, a dime, or even a cent.

Let us, then, ask thequestion: What if we were to let the market dictate value, rather than accepting the diktats of Mark Zuckerberg? 

What if we were to reward people for what they do?

The answer is SPINTURA: a platform with its own tokens, SPINS, and marketplace.

Spintura represents what social media should be; what it must be, if we are to avoid the ongoing exploitation of our data by a combination of monopolists and malefactors of wealth. 

To say these things is not a matter of spin but of facts, starting with the difference between SPINS and Libra, Facebook’s forthcoming cryptocurrency. 

Put another way, Libra looks less like a force for good and more like a brute-force instrument to sell goods and services. The currency belies its name because Facebook is anything but a statement or sign of balance.

Does anyone believe a company known for hiding the truth—for denying the truth—will now champion the truth, all because it plans to release a coin whose name connotes a commitment to truth?

To believe otherwise, in spite of the truth, is to ignore the deliberately cryptic nature of how Facebook guards its algorithm and changes its numbers, because the numbers are unreliable.

The numbers are knowable to Facebook but an increasingly unknown quantity to users and advertisers who rely on numbers to, respectively, create and sponsor content.

If, on the other hand, people can know the exact metrics concerning their content, if they can own what they produce, if they can promote, share, and earn rewards for what they do, they can liberate themselves from Facebook and Libra.

These options represent the rise of new platforms that maximize cryptocurrencies, rather than manipulating them for PR purposes.

These options are necessary to build and sustain trust.

These options reveal what social media ought to be—what it can and must be—instead of what it is.

These options are an alternative to corporate control.

To return power to the people, to empower them with rewards they like rather than unrewarding likes, to ennoble them with a marketplace that is fair rather than possibly afoul of the law, to balance power is to end the imbalance by so few against so many.

Let us dedicate ourselves to those ends, so we can enjoy the advantages of a truly free marketplace.


Read More https://www.techbullion.com/a-new-spin-to-social-media-share-measure-earn/

07.02.19

Notice of Funds Disbursement

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

Hello!

As you might know, Spintura 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 Spintura 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

06.21.19

Milestone

We have reached the first major milestone of 20K. Thank you to all who helped get us there. Looking forward to more milestones to come!

06.06.19

Founder and CEO

We are excited to announce the launch of our crowdfunding campaign! The Spintura team has spent much time and effort to ensure that this page be a great resource in understanding our company and this opportunity. We will place updates periodically announcing campaign milestones, news about our company, and any noteworthy events so that you, our potential investor, can stay up to date. Check back with us soon and don’t forget to send our link to any friends or family that might be interested in supporting our efforts to change social media! 

Thanks for checking out our page and considering our offering. We are honored to welcome investors aboard!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Spintura.

JOIN THE DISCUSSION

0/2500

AB
Andrew Brickson

14 INVESTMENTS

a year ago

Any update available for the status on this venture?

0

0

AG
Ayrica Gelinas

5 INVESTMENTS

a year ago

Hello I was wondering if you saw the new project FANBASE?? I think its complete BS about FB controlling everything and sabotaging your ability to launch. I was really looking forward to it! I just wanted you to know about this other company bc it seems to be very similar to yours and didnt know if you had any grounds to stand on with it..

0

0

JL
Joseph Lizyness

75 INVESTMENTS

2 years ago

Any updates or has this been written off as a loss?

0

0

DC
David Chasssen

4 INVESTMENTS

Spintura

2 years ago

Year end update has been emailed

0

0

AB
Andrew Brickson

14 INVESTMENTS

2 years ago

Any update available for the status on this venture?

0

0

DC
David Chasssen

4 INVESTMENTS

Spintura

3 years ago

Spintura is still in development with an expected release of beta around the end of the year. Covid has taken a toll on development and the scheduled release, but we remain excited to bring our product to market. We will be in touch with updates.

0

0

JL
Joseph Lizyness

75 INVESTMENTS

3 years ago

It has been almost a year and I've emailed the team on the company website and haven't heard anything. Is the company still in business? Is the app in alpha stage or beta? Will there still be a app of sorts and when can we expect the app to be released to iOS and Android???

0

0

DC
David Chasssen

4 INVESTMENTS

Spintura

4 years ago

Welcome aboard Joseph. Once the app is live you will be verified while creating an account. Thanks for your support!

0

0

JL
Joseph Lizyness

75 INVESTMENTS

4 years ago

Hey there, happy to invest. Will you make us verified on the platform since we've invested once the app rolls out?

0

0

DC
David Chasssen

4 INVESTMENTS

Spintura

4 years ago

Hi Daniel, We do not intend to extend the current offering. As for a subsequent offering on Startengine, it is unlikely in the near future due to FB/Insta’s clear intention to blacklist our campaign links, cutting off the overwhelming majority of potential SMM. Spintura’s current plan is to complete and deploy the best product we can in the hopes of capturing a degree of market traction. During and after this process we will investigate venture, financing involving accredited investors, as well as other more creative sources of financing. I am, of course, required to say there are no guarantees that we will be able to raise additional financing, but we are optimistic as our ideas seem very timely and simply make more sense than what current social media offers. Thanks for your question.

0

0

HOW INVESTING WORKS

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

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest 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.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

RAISED
$26,357.67
INVESTORS
28
MIN INVEST
$250
VALUATION
$5.36M

@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team

Careers

Blog

Important Message

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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.