Maximum 107,000* shares of Class B Non-Voting Common Stock ($1,070,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 1,605 shares of Class B Non-Voting Common Stock ($10,000)
|Company||Tribal Rides, Inc.|
| || |
|Corporate Address||19 Catania, Mission Viejo, CA. 92692|
|Description of Business||Self-Driving car software platform development company, developing the next-generation of shared ride applications.|
|Type of Security Offered||Class B Non-Voting Common Stock and GoToken|
|Purchase Price of Security Offered||$10.00/share of Class B Non-Voting Common Stock|
|Minimum Investment Amount (per investor) ||$100|
The Offering includes 20 GoTokens, if and when developed and issued, for every $10 invested. In addition, the following bonuses apply, and these tokens are subject to the Bonus Rates and Terms noted below.
GoTokens Bonus Rates: Individual Investors who participate in the Tribal Rides Regulation CF crowdfunding campaign, may be eligible to receive bonus GoTokens, if they contribute more than the minimum investment. The size of the bonus will depend on the size of the investment, and the bonus thresholds are as follows:
- Invest $500 - $1,1990: You will receive a 10% Token Bonus (i.e. 2 additional tokens / $10 invested)
- Invest $2,000 - $9,990: you will receive a 20% Token Bonus (i.e. 4 additional tokens / $10 invested)
- Invest $10,000 - $49,990: You will receive a 30% Token Bonus (i.e. 6 additional tokens / $10 invested)
- Invest $50,000 - $99,990: You will receive a 40% Token Bonus (i.e. 8 additional tokens / $10 invested)
- Invest $100,000+: You will receive a 50% Token Bonus (i.e. 10 additional tokens / $10 invested)
The GoTokens are intended be used in all day-to-day transactions on our mobility software platform, including, but not limited to, posting transactions on the blockchain between riders and owners/drivers. Go Tokens will be created and distributed according to the terms of this Offering.
- Initial Blockchain: Ethereum ERC-20
- Anticipated Migration to Alternative Blockchain: N/A
- Expected Network Launch date: First Quarter 2019
- Total amount of Tokens authorized for creation: 1Billion
- Amount of Tokens issued as Perks in Reg CF Round (max): 2,140,00
- Will they be listed on Exchanges? if so, which: We currently intend listing the token on token exchanges, provided any token exchanges become licensed in the United States, and provided our tokens are approved to be listed on such exchanges.
- 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 Class B Common Stock and the GoTokens, 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
Tribal Rides, 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 10 shares of Class B Common Stock at $10 / share, you will receive 1 Class B Common Stock bonus shares, meaning you'll own 11 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share. In addition, the bonus shares will not include any additional Go Tokens.
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: 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.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
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.