OuroX
FinTech for Latin America & Caribbean
Small OPO
Wilmington, DE
Financial Services
Accepting International Investment
The world as we know it is changing.
We believe every facet of modern life is about to go through a revolutionary change thanks to the advent of cryptocurrencies and smart contracts via blockchain. The future is increasingly decentralized, and that will leave a major impression on your life.
From the ways your clothes are made and delivered, to how the components in your TV or cellphone talk to one another, this recent technological leap promises to revitalize modern life. Still, there are hundreds of millions of people who may not be able to access that bright future unless something changes.
There are about 650 million people across the Caribbean and Latin American regions, and all of them are looking for their chance to bring their knowledge, passion, inspiration, and experiences to the new global marketplace. It is estimated that 70% of those people - or more than 400 million people - are unbanked or financially underserved, a huge market encompassing billions of dollars (Source). Those 400 million people are at a disadvantage because of their limited access to basic banking services and a dedicated, reliable cryptocurrency exchange that’s capable of bringing their communities into the future (Source).
That's why we’re building OuroX, the first and only cryptocurrency exchange of which we’re aware that’s dedicated specifically to the Caribbean and Latin America. OuroX will provide a lifeline into the future for hundreds of millions of people. And this investment opportunity is your chance to be a part of it.
Try buying (and trading in) Bitcoin from Suriname, South America. It’s not only a hassle, but more close to impossible. This led CEO Maya Parbhoe to pursue the creation of this company. Even a simple wire can be a daunting task. Forget being able to purchase anything online.
Failure to keep up with technological advances in the financial services industry is impeding regional economic growth and competitiveness by costing more time and funds for even basic financial transactions, compared to North America, Europe and Asia.
OPPORTUNITY FOR RADICAL CHANGE AND IMPROVEMENT
We are therefore preparing to launch a comprehensive set of cutting edge FinTech based financial and trade services in the Latin American and Caribbean regions, including:
A highly innovative exchange with a comprehensive trading platform and professional UI named OuroX;
An online and mobile payment processor;
A comprehensive multi-vendor marketplace named Fuente;
A regional shipping costs and logistics calculation tool.
A FINANCIAL REVOLUTION IN LATIN AMERICA
OUROX EXCHANGE
What is OuroX?
OuroX is, at its core, a trustworthy, reliable, secure and cutting-edge cryptocurrency exchange with a comprehensive trading platform and professional UI specifically created to service the Latin American and Caribbean Regions. Though it might be limited to hosting the largest cryptocurrencies at its launch, OuroX will still deliver high-quality functionality with a unique spin that reflects the region. Furthermore, while OuroX will begin as an exchange, we believe it will end as so much more, because OuroX is entering a market that is ripe for disruption.
OuroX Exchange's Amazing Features
OuroX will launch equipped with features standard to any major cryptocurrency exchange. Currently in development with AlphaPoint, the exchange will be an advanced platform capable of handling over one million trades/second. It will launch with five of the largest cryptocurrencies (BTC, ETH, LTC, XRP and EOS).
Where OuroX differentiates itself at the outset is its unique dedication to the Caribbean and Latin American markets. The platform will support English, Spanish and Portuguese to reach the widest audience. Eventually, the platform will support fiat currencies of every market OuroX enters. But at the launch, functions will be basic.
FUENTE
The Fuente marketplace, where buyers and sellers can connect, will create sustainable economic growth in regions where entrepreneurs now have trouble connecting and doing business securely and conveniently.
BLOCKCHAIN
Using Blockchain and distributed ledger technology we believe we can reduce costs and make transfers fast and easy (in real-time) worldwide. We believe that with the FinTech applications in our hands, we have the ability to improve the consumer banking and payment systems in the Latin American region.
WE HAVE A VISION FOR A CUTTING EDGE FINTECH PLATFORM; THE BEST PLATFORM IN LATIN AMERICA AND THE CARIBBEAN, WITH A GLOBAL FUTURE.
THE OFFERING
Investment
$1.67/share of Series B Common Stock│When you invest you are betting the company’s future value will exceed $12.6M.
For details on the bonus, please see the Offering Summary below.
DEVELOPMENT STAGE
Currently we have finished development of the exchange platform, which will launch with the 5 top crypto currencies based on Blockchain technology, and will be launching at the end of October. We will be rolling out several features over the next 4 quarters. Blockchain based payment processing is one of the features we will be developing in the first quarter of 2019. We want to apply for an international banking license in the second quarter of 2019. And will be applying for licenses in the jurisdictions where we will operate.
A NEW VISION: OUROX EXCHANGE
AN EXCHANGE AND A REGION IN NEED OF INNOVATION
Though there are exchanges available, we strongly believe that there is a need for a trustworthy, reliable and secure exchange with a comprehensive trading platform and professional UI.
The Latin American and Caribbean regions lack a dedicated cryptocurrency exchange because FinTech and trade services infrastructure are generally underdeveloped and lag behind other centers of finance. Nevertheless, markets arise whether or not they have the infrastructure to back them, so the regions have made due.
Therefore, while financial services are still available to function, they are tightly monopolized by a few institutions, usually state-sponsored. This lack of support impedes economic growth and competitiveness across the regions, affecting the cost, speed, and ease of financial transactions.
The situation these regions face is difficult. Workarounds might exist but are insecure and poorly built, and the regions suffer. Entrepreneurship and business ownership becomes very difficult due to the overwhelmingly high barriers to entry. Services are provided slowly and selectively, and stagnation is the norm.
What's more, these obstacles also negatively impact fair credit across the regions, keeping businesses in the hands of the wealthiest few (Source). We believe that without a means to secure credit, individuals and businesses are forced to contract, while communities have to make choices that impact lives. Improvements are put off and people suffer. The end result is a hostile environment for both companies and people.
We believe that a cutting edge blockchain based exchange and trading platform built for the regions can help alleviate some of those issues.
We have a vision for a cutting edge exchange; the best exchange in Latin America and the Caribbean, with a global future. And with all our FinTech services, changing the way people interact financially.
WHAT WILL DISTINGUISH OUROX FROM EXISTING REGIONAL EXCHANGES?
According to our research, most regionally accessible exchanges have a poor technical architecture and an insecure platform, the majority of which have been built by people with some technical background. This results often in exchanges that are rushed and use the simplest approach to get up and running. We believe that this might be a low cost way to start, but leaves the exchange open to a lot of vulnerabilities. They have poor market liquidity and thin order books. Slippage is a major problem for traders and users alike. They generally have poor customer service and international support.
Furthermore, putting regional business at an even greater disadvantage is the lack of adequate capacity of current exchanges to accept new investors. There are waiting lists and high liquidity thresholds discouraging entry of these potential new investors.
Add to the above the slow and costly banking transfer practices that are common throughout the region, and it quickly becomes obvious that there is a huge potential for a cutting edge Blockchain based exchange and trading platform.
OuroX will provide a stable solution to a number of the problems facing the Latin American and Caribbean regions by providing a funding route, a means of trading, and the means to facilitate transactions. Just by making these services readily available, OuroX will greatly stimulate entrepreneurship across the region and enable companies to scale more easily than ever before.
As a cutting-edge, blockchain-based exchange and trading platform, OuroX wants to guarantee access to a revolutionary new economy for millions of people across the regions. A secure cryptocurrency exchange will provide a lifeline for investment, growth, and competition by creating an impartial financial infrastructure. Furthermore, once established, OuroX can become the foundation for further improvements.
Following OuroX's establishment in October 2018, the platform will work to establish new functions to better serve the regions. The first addition will be the creation of both merchant services and payment-processing functionality to make OuroX a platform capable of handling every step for entrepreneurs and small businesses. Secured by the blockchain, this will provide peace of mind and a plethora of new options.
Finally, before the end of 2019, OuroX plans to establish a marketplace connecting lenders with borrowers through smart contracts, thus creating an independent credit system. This alternative marketplace would let people connect directly, thus securing loans on friendlier terms. Not only would this lift a massive burden from entrepreneurs in Latin America and the Caribbean, this would allow OuroX to pursue other methods of establishing credit, such as pooled funds and community-driven ratings.
Building a fairer alternative for everyone across these regions is our ultimate goal and it gives OuroX an immense leg-up. Because when we succeed, everyone will succeed.
FUENTE: A COMPREHENSIVE MULTI-VENDOR MARKETPLACE
A REGION IN NEED OF A COMMON MARKETPLACE AND TRANSPARENT SHIPPING AND LOGISTICS APPLICATIONS
At present and to our knowledge, there is no online marketplace available for manufacturers, distributors, sellers and buyers in the region that is in any way comparable to successful platforms that are available in North America and Asia.
The Fuente marketplace, where buyers and sellers can connect, will create sustainable economic growth in regions where entrepreneurs now have trouble connecting and doing business securely and conveniently.
BLOCKCHAIN BASED PAYMENT PROCESSORS
ENABLING FAST AND EASY TRANSFERS
The use of digital payments is on the rise.
However, currently the costs for transferring funds are high, according to our research, about 8% averages worldwide. Using Blockchain and distributed ledger technology we can reduce costs and make transfers fast and easy (in real-time) worldwide.
With the FinTech applications in our hands, we have the ability to improve the consumer banking and payment systems in the Latin American region.
With our platform we can increase accessibility to modern technologies to our customer base. We can enable mobile payments and transactions and change the financial infrastructure of the region.
WITH P2P LENDING AND CROWDFUNDING WE CAN OFFER ALTERNATIVES FOR FUNDING ON THE PLATFORM.
We can enable entrepreneurs to grow and scale their businesses. Moreover, we can provide easy access to finance to the many unbanked in the region, given that according to Global Findex data 2017, mobile phone ownership is widespread among the unbanked. Globally, about two-thirds of all 1.1 billion unbanked adults, do have a mobile phone (Global Findex Database).
HOW OUROX PLANS TO CHANGE THE WORLD
With the team's combined knowledge of the region and firsthand experiences (and frustrations) with its issues, no one knows the industry quite like they do. And that's exactly why OuroX has such an incredible opportunity to make a drastic difference in these developing economies.
A reliable and secure trading platform and cryptocurrency exchange provides a pathway for funding and expansion. When it is able to add in merchant services and peer-to-peer lending, OuroX has the chance to seize on something very rare and unique. We believe it has a chance to step into a vacuum to facilitate entrepreneurship and small business growth across the region in nearly unimaginable ways. In our opinion, OuroX, once all of its features have been implemented, can literally transform Latin America and the Caribbean.
In the US, this transformation came about through Amazon's ubiquitous adoption; China went through a similar change with the introduction of Alibaba & TenCent. But the Latin American, South American, and Caribbean markets have had no such logistical behemoth. We believe that, OuroX has the chance to become that.
This means that eventually, OuroX hopes to encompass e-commerce and logistics, as well. We believe that a platform like OuroX not only has the chance to reshape the region's economic infrastructure, it also has the chance to leave a significant and lasting impression on physical infrastructure as well. One day soon, we believe that OuroX could build up the transportation infrastructure of the Caribbean and Latin American regions to ensure shipping transparency, guaranteed accurate shipping prices, and unparalleled access to even the most remote of communities. It will boost regional commerce and facilitate the easier movement of freight.
A chance to put a latin American startup on the map. And a chance to bring a message of prosperity to the region.
INVEST IN OUROX TODAY!
Now is a great time to consider investing in OuroX. We are well positioned to benefit from the booming FinTech industry in the Latin American and Caribbean regions which is ripe with opportunities for those equipped to grab them.
We believe that OuroX is your chance to actually become a ground-floor investor in a company capable of solving real issues for millions of people. We believe that we have the tools to capitalize on the massive opportunities in these regions.
We believe that OuroX solves some of the issues facing the regions, the execution will be solid thanks to AlphaPoint, and the leadership is exceptional.
Nevertheless, the true opportunity here isn't just the business, its the ability to affect real positive change for hundreds of millions of people. And when an entire region benefits, you'll benefit, and the world will benefit. Don't miss your chance to to put down a tangible commitment to a better future for yourself and half the hemisphere.
Offering Summary
Maximum 64,071* ( shares of Series B Common Stock ($106,998.57)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 5,988 shares of Series B Common Stock ($9,999.96)
| Company | ICARUS BLOCKCHAIN GROUP INC. d/b/a OurOx |
| | |
| Corporate Address | Roelstraat 22A Paramaribo Suriname |
| | |
| Description of Business | Icarus Blockchain Group Inc. is a Software development company offering FinTech solutions to LatAm and Caribbean markets, using blockchain to develop a FinTech platform for the Caribbean and LatAm regions, providing merchant services and developing Blockchain technology for institutional and corporate clients in the region, and developing a platform for consumers and merchants to buy and sell digital currencies. |
| Type of Security Offered | Series B Common Stock (the "Shares" or "Securities") |
| | |
| Purchase Price of Security Offered | $1.67 per share |
| | |
| Minimum Investment Amount (per investor) | $250.50 |
The 10% Bonus for StartEngine Shareholders
ICARUS BLOCKCHAIN GROUP INC. 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 100 shares of Series B Common Stock at $1.67 / share, you will receive 10 Series B Common Stock bonus shares, meaning you'll own 110 shares for $167. 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.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
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Risks
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.
Updates
US$40K+ Raised + Offering with Most Momentum!!
4 days agoWhoooot! As we said in our previous update: "Great things take time'' and it looks like things are picking up fast(er)! We are so grateful to our new investors, whose investment lead us to passing US$40K raised.
In addition, we are mentioned on the Startengine Landing Page as offerings with Most Momentum.
So...if you have been waiting...the time is now! Join us on our journey of improving the way people interact financially, starting in Latin America & The Caribbean. Invest in us today!
Happy Weekend!
Team OuroX
Notice of Material Change in Offering
5 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the OuroX offering. Here's an excerpt describing the specifics of the change:
Extending 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.
Because Great Things Take Time
5 days agoWishing you a Happy Valentine's day and some extra love going out to our (new) investors!!
You may have noticed that we only have 4 days left on the raise...but that won't mean the end of it. I mean, how could it?! We're planning on taking over the world after all haha! All jokes aside...Due to the delay we endured with filing with the SEC and our campaign going live right before the Holiday season, it was quite the challenge to get the campaign the attention that it deserves. We only got the opportunity to get to our family and friends in the second week of January, which isn't too long ago, and as you know, our plans need explaining and people need time to think and decide. All great things take time and should be allowed to get the time to grow. Based on all that's going on behind the scenes (which unfortunately, we cannot reveal just yet), we are confident we will be able to raise the US$107K within the next 60 days. We expect you to be part of it!
Thank you for your trust, we won't let you down!
Cheers,
Maya Parbhoe, CEO
Notice of Funds Disbursement
9 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, OuroX 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 OuroX 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
What you need to know before you start your weekend!
12 days agoHi everyone, hope all is well on your side! What a week since we’ve launched the OuroX exchange...Have you made an account yet?!
I wanted to take this chance to send gratitude from the heart to our new investors. We’re happy to welcome you to the financial revolution taking LatAm and the Caribbean by storm!
Now there is a lot going on behind the curtains that we cannot speak about yet…but trust me, it’s going to be worth the wait! In the mean time, I can tell you this:
We’re currently undergoing a CPA review, which is necessary to file an amendment to increase our raise cap to US$1.07 million. After we’ve raised the US$1.07 million, we get audited. After which we plan to raise up to a total of US$15 million in the form of a Reg A+ offering, in order to obtain broker dealer licenses in Asia, Europe and the US, in addition to rolling out our products (Securities on OuroX; OuroPay and Fuente) as planned.
You can currently invest and own a part of the company. We will start to pay out dividends in 2020. When you invest, the funds go into an escrow account and we have to file a disbursement if we want to withdraw money out of escrow. In addition, we need to account for how that money will be spent.
We know many of you have been wondering about how we plan to achieve our goals, looking at the current raise cap of US$ 107K and knowing about our plans and mission. To obtain the proper licenses and add more features, we need to raise capital. And a lot more than US$ 107K, which is why we plan to raise US$ 15 million.
We hope this clears things up! If you happen to have any questions about this (or anything else), feel free to contact us at info@ourox.io.
Talk soon! Happy Weekend!
Warm regards,
Nadira Ramautarsing
CMO OuroX
Now Online! The OuroX Exchange is LIVE!
16 days agoThis is it. We said we would and we did. Can you believe we’re live and trading on MainNet??? Read everything you need to know about our launch in this exclusive blogpost here. Now, what are you waiting for?...Start buying, selling and trading on OuroX and don't forget to tell all your friends!
**Only USD and BTC deposits and withdrawals are currently enabled due to our AML Policy. EOS trading will be enabled soon.**
Improving the way people interact financially!
22 days agoWe couldn't be more grateful to our new investors joining us on our journey to improve the way people interact financially!!
CEO Maya Parbhoe during one of the many presentations the team has been giving about the usability of the @ouro_x platform for local banks, insurance companies as well as private companies and investors. We are very thankful for all the positive feedback we’ve been receiving and due to a lot of negotiations still in the works, we can only say for now that there is a lot coming up, so stay tuned! 🙌 The best part is...You can be a part of the financial revolution that is unraveling and taking Latin America and the Caribbean. Earn with us and help us improve the way people interact financially!
P.S. Presentation has been blurred for confidentiality reasons.
OuroX's Partners
29 days agoThird week of January already, we hope you all are doing great! Time flies when there's a lot happening. We’re just a few weeks out from the official Launch of our platform (February, 1 2019). The soft launch and beta-testing are going very well.
Special thank you to our new investors, we are so appreciative of the support! We’re scheduling more one-on-one investor meetings as well as signing regional business accounts for our FinTech startup. We’ve been working non-stop on all the elements to have them align just right, and so far, it’s working.
Now of course OuroX couldn’t happen without partners. At least not at the level and speed at which the platform has come to life. Without our partners, we don’t know where we’d be on this. Thus, we dedicated a special blogpost to our partners, and we think it's an interesting read. Check it out here.
Talk soon!
Regards,
Team OuroX
What Does A FinTech Platform Need To Succeed?
about 1 month agoCheck out the new VIDEO we added to our post: "What Does A FinTech Platform Need to Succeed?"
Share, like, and share again!
https://medium.com/…/what-does-a-fintech-platform-need-to-s…
Introducing OuroPay
about 1 month ago
Join us in the final testing phase!
about 1 month agoThank you to everyone who has joined so far. Your input is valuable and we appreciate you! We've loaded an FAQ onto our blog which can answer early questions. Read it here.
Testing can be done: trade.ourox.io | Sign up for an account, experiment with verification, deposit and withdrawing and let us know if you encounter any problems, delays or other issues. We’ll be enabling features over the next few weeks as we onboard customers. Email us your feedback: info@ourox.io👍
We're excited about the platform and want to welcome all our new users!! 
Now accepting investments in BTC and ETH!
about 1 month agoYes!! We passed the US$10K investment mark and we are so grateful for this milestone! Special thank you to our new investors for believing in us. Because of this milestone we now also accept investments in BTC and ETH!
We had a slow start due to the holidays, but things are slowly but surely picking up. We are expecting a lot to happen within the upcoming weeks. Of course an increase in investment, but also some very interesting partnerships and most important, the launch of the OuroX Exchange on February, 1st 2019 (Mark your calendar!).
In case you missed it, the Exchange is live for testing by our friends, family, investors and early adopters. Read everything about the live testingphase here.
For now, wishing you all a great weekend!
Kind regards,
Nadira Ramautarsing
CMO OuroX
Soft Launch FAQ & Announcement
about 1 month ago
Special thank you to our new investors & everyone who has joined us in the testing phase so far!!! Your input is valuable and we appreciate you! We've loaded an FAQ onto our blog which can answer early questions. Read it here.
We're excited about the platform and want to welcome all our new users!!
Extra Update: OuroX Exchange is Live for Testing!
about 1 month agoFriends, Family, and Fans! We are thrilled to invite you to our very final testing phase before the OuroX exchange officially launches.
To make sure everything runs perfect and smooth, we will be testing the upcoming two weeks, and we would like to invite YOU to help us. Sign up for an account here, experiment with verification, deposit and withdrawing and let us know if you encounter any problems, delays or other issues. We'll be enabling features over the next few weeks as we onboard customers.
We appreciate all other feedback to be able to improve and maximize the user experience for our future customers. You can e-mail us with your feedback on info@ourox.io.
Thank you!
OuroX Exchange is Live for Testing!
about 1 month agoAll great things take time and are definitely worth waiting for, but we have great news! The long wait is over! We exclusively provide our investors, friends, family and early followers, the possibility to help us in the very final testing phase before the OuroX exchange will be launched officially.
The exchange should be ready to go, but to make sure everything runs perfect and smooth, we will be testing the upcoming two weeks, and we would like to invite YOU to help us.
Go to trade.ourox.io - Sign up for an account, experiment with buying, selling and trading and let us know if you encounter any problems, delays or other issues. We appreciate all other feedback to be able to improve and maximise the user experience for our future customers. You can e-mail us with your feedback on info@ourox.io.
The OuroX exchange is scheduled for official launch to the general public on February, 1st of 2019!
In the mean time, our crowdfunding campaign is still running, so NOW is time to invest and become a shareholder of OuroX! www.startengine.com/OuroX.
**A final remark: The trade charts are not visible yet because no active trades have taken place yet**
We look forward to hearing from you and highly appreciate your support!
Kind regards,
Team OuroX
Happy New Year! - OuroX Explained in 5 Minutes
about 2 months agoHi everyone! I hope you all started the new year with a bang! On behalf of Team OuroX, I'm wishing you health, prosperity, happiness and success!
2018 was nothing but hard work, blood, sweat and yes, some tears as well...But we're ready to rock in 2019! Now we can start changing the way people interact financially, for the better! Step by step! We have a special announcement coming next week, so stay tuned! (Spoiler: It's one you've been waiting for, for a while ;-) )
Talk soon!
Cheers,
Nadira Ramautarsing
CMO, OuroX
Happy Holidays from OuroX!
2 months agoA special thank you to our new investors. We are more than grateful for your trust and are very excited for what's to come in 2019!
Cheers to an amazing year, where we together will change the way people interact financially, for the better!
Wishing you and yours all the best!
We are participating in Startengine's Demo Day tomorrow!
2 months agoHi everyone!
We are happy to announce that we'll be participating in StartEngine's final Demo Day of 2018 this Thursday, December 20th (tomorrow!). We'd love for you to join and learn more about our project. You'll be able to ask us anything you'd like in real time. Come support us at 08:40 PST or 17:40 CET, and register here for further updates.
See you guys tomorrow!!
Cheers,
Nadira
CMO OuroX
Use of Proceeds
2 months agoHi 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:
Marketing: 25.0%
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.
Operations: 10.0%
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!
Warm regards,
Team OuroX
What a FinTech Platform (like OuroX) needs to succeed....
2 months agoIf you’re not sure what a FinTech platform is, that’s okay...You can read more about it in this article: What does a FinTech Platform Need to Succeed? Hope it sheds more light on the technicalities and if you have any other questions for us with regards to OuroX, feel free to contact us any time on info@OuroX.io!
We're sure you'd like to know....
2 months agoHi all, hope you are well and enjoying the weekend!
As you know, we are currently running a Reg CF offering. We plan to raise capital through a Security Token Offering with the ERC-1450 protocol, which entails that tokens are only minted at the moment when investors buy securities. The maximum amount of tokens that are allowed to be created is fixed at 2,000,000 (authorized stock). OuroX places high value on compliance. Protecting our investors is very important to us, as we have a long term vision on changing the way people interact financially, starting in Latin America and the Caribbean, but with a global future in mind. This is also the reason why we’re doing an equity regulation crowdfunding offering (Reg CF campaign), put in place by the SEC, allowing companies such as ours to raise up to US$1,07 million from the public. After reaching this goal, we might choose to do a Reg A+ campaign, allowing us to raise more funds, if necessary. Obtaining all proper licensing to expand our product offering and creating a marketplace for the region might require such, however, the maximum of 2,000,000 shares will not be exceeded. We hope you are just as excited as we are passionate about this upcoming financial revolution in an underserved region, allowing us to play a huge role in making a change! Also, really great breakdown on security tokens by John Kenny in Data Driven Investor. We’re not saying this is a must-read, but….., this is a must-read!
Cheers,
Team OuroX
We present to you, our CEO, Maya Pharboe
3 months agoThanks & Greetings from Blockshow Asia
3 months agoJust wanted to drop you a quick line and thank you for your support on our raise. We have been exhibiting at Blockshow Asia in Singapore for the past few days, promoting the company and looking to build strategic partnerships that will strengthen us on our mission to change the way people interact financially in Latin America and the Caribbean.
So far, those we spoke to are excited and supportive, especially when they come to know that we are not just one of the many exchanges that are popping up at the moment. We are the only exchange that provides its community the opportunity to become an owner of the platform. We also are very relentless in reaching the goal of becoming the NYSE of Latin America & The Caribbean, as no such platform exists in the region.
So the journey continues and we are grateful you are joining us!! We will be updating you regularly, but don't forget to follow us on Facebook, Telegram, Instagram, Twitter and/or LinkedIN. Also, don't forget to tell your colleagues, friends and family about what we are up to and how they can invest in changing lives and boosting economies!
Cheers,
Team OuroX
P.S. If you have any questions for us, we're happy to answer them. Shoot us an email: info@OuroX.io
Check out Nadira's interview on the Wild West Crypto Show at Blockchain Shift in Miami
3 months agoInterview Wild West Crypto Show
Drew Taylor host of The Wild West Crypto Show interviews Nadira Ramautarsing with Ourox at the Blockchain Shift Miami convention!
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