Maximum 200,000 Share of Common Stock ($1,000,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 2,000 Shares of Common Stock ($10,000)
|Corporate Address||Atlanta Tech Village|
3423 Piedmont Rd NE
Atlanta, GA 30305
|Description of Business||Blockchain Fundraising Solutions|
|Type of Security Offered||Common Stock and SP Tokens|
|Purchase Price of Security Offered||$5.00 per Share of Common Stock|
|Minimum Investment Amount (per investor) ||$500|
The Offering includes 250 SP tokens for every $5.00 invested. In addition, the following bonuses apply, and these tokens are subject to the Discount Rates and Terms noted below.
Token Discount Rates:
$500+ — If you invest $500-$1,999, you will receive a 2% Discount Rate.
$2,000+ — If you invest $2,000-$9,999, you will receive a 4% Discount Rate.
$10,000+ — If you invest $10,000-$49,999, you will receive a 6% Discount Rate.
$50,000+ — If you invest $50,000-$99,000, you will receive a 10% Discount Rate.
$100,000+ — If you invest $100,000 you will receive a 15% Discount Rate.
*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.
Terms of Tokens
Description: SP Tokens will be an ERC20 Token built on the Ethereum Blockchain and function as the primary medium of exchange in a newly created decentralized donation marketplace. Organizations will be able to accept and track SP Tokens in a manner that is cheaper, faster and more transparent than the current FIAT alternatives.
- Initial Blockchain: Ethereum
- Migration to Alternative Blockchain: No plans at this time
- Expected Network Launch date: 2019
- Total amount of Tokens authorized for creation: 1,000,000,000,000
- Amount of Tokens or Rights to Tokens already issued: None
- Will they be listed on Exchanges: The SP Token may be listed on Exchanges should it be deemed beneficial to token holders.
- if so, which: Unknown at this time
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 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 JonCoin 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.
The 10% Bonus for StartEngine Shareholders
SupPorter, 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 20 shares of Common Stock at $5 / share, you will receive 2 Common Stock bonus shares, meaning you'll own 22 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.