© 2023 Black Man­ta Cap­i­tal Part­ners S.à r.l.

INX Token IPO

INX TOKEN For fur­ther enquiries con­tact: investor@blackmanta.capital FIRST EVER SEC REGISTERED TOKEN IPO CLOSED SME

INX Trad­ing Solutions

The sub­scrip­tion peri­od for the offer­ing end­ed on 22 April 2021.

INX Trad­ing Solu­tions aims to enable the list­ing and trad­ing of both reg­u­lat­ed secu­ri­ty tokens and cryp­tocur­ren­cies for insti­tu­tion­al and retail investors.

INX is look­ing to com­bine all the promise & poten­tial of blockchain — but in a ful­ly reg­u­lat­ed form.

The team con­sists of tra­di­tion­al cap­i­tal mar­ket vet­er­ans and blockchain experts uni­fied by the vision of estab­lish­ing a new trad­ing ecosys­tem for dig­i­tal assets.

More infor­ma­tion about the Com­pa­ny can be found under https://www.inx.co

The Evo­lu­tion

The gen­e­sis of INX fol­lowed 2017’s wave of ICO irra­tional exu­ber­ance, con­duct­ed with lit­tle con­sid­er­a­tion for secu­ri­ties laws.
INX rec­og­nized that dig­i­tal assets were the future.
Built a strong foun­da­tion by assem­bling the right team with years of expe­ri­ence in the cap­i­tal mar­kets and blockchain arenas.
Devel­oped pro­pri­etary state-of-the-art technology.
Invest­ed in a strong indus­try stan­dard and future pub­lic com­pa­ny infrastructure.
Reg­is­tered the INX Token with the SEC and spent 24 months build­ing pro­pri­etary tech­nol­o­gy and solv­ing the chal­lenges of dig­i­tal asset secu­ri­ties registration.
And now ini­ti­at­ing the first reg­is­tered secu­ri­ty token IPO.

The Offer­ing

INX is offer­ing 130M secu­ri­ty tokens in first ever ful­ly reg­is­tered SEC prospectus.

Investors in the tokens are enti­tled to receive pro rata dis­tri­b­u­tions of 40% of the Company’s cumu­la­tive adjust­ed oper­at­ing cash flow.

Investor down­side pro­tec­tion: cash fund will be dis­trib­uted to token hold­ers upon a fail­ure to launch cryp­tocur­ren­cy trad­ing, an insol­ven­cy event, or a change of control.

The Time­line

* assumes the com­pa­ny rais­es $23.7 mil­lion (or the full offer­ing amount) by the end of Sep­tem­ber 2020.

Token Eco­nom­ics

The INX token has both secu­ri­ty and util­i­ty ben­e­fits for its holders

Any prof­it share is dis­trib­uted to a dimin­ish­ing cir­cu­lat­ing sup­ply of tokens. This is because as traders spend INX Tokens to reduce their trad­ing costs, 20% of the tokens are trans­ferred into the INX Token reserve, increas­ing scarcity.

AS A SECURITY

Manda­to­ry Prof­it Share: Annu­al pro rata dis­tri­b­u­tion of 40% of the Company’s cumu­la­tive adjust­ed net oper­at­ing cash flow.
‍
Liq­ui­da­tion Pref­er­ences: Pro rata por­tion of the Cash Fund upon a fail­ure to launch cryp­tocur­ren­cy trad­ing, an insol­ven­cy event, or a change of control.

AS A UTILITY

Medi­um of exchange: Dis­counts of at least 10% on trans­ac­tion fees on INX Secu­ri­ties when INX Tokens are used to pay fees.
‍
Stak­ing: Pas­sive Tiered Trad­ing Fee Dis­count Pro­gram on INX Dig­i­tal based upon the num­ber of INX Tokens held in cus­tomers pri­vate wallets.

Rev­enue Gen­er­a­tion Timeline

 

 

#1  Cryp­tocur­ren­cy trad­ing fees – the main rev­enue source (100%) at launch, until oth­er activ­i­ties are oper­a­tional, with the rev­enue mix chang­ing over time.

#2  Secu­ri­ty token trad­ing and list­ing fees – will com­mence upon receipt of the BD/ATS license.

About INX

INX is a Gibral­tar pri­vate com­pa­ny lim­it­ed by shares, incor­po­rat­ed on Novem­ber 27, 2017. Approx­i­mate­ly thir­ty per­cent (30%) of the issued share cap­i­tal is held by Triple‑V (1999) Ltd, an enti­ty whol­ly owned by Shy Dati­ka, one of the founders, the con­trol­ling share­hold­er and Pres­i­dent. The bal­ance of the issued share cap­i­tal is held by the employ­ees, lenders, ser­vice providers and investors. INX plans to have the fol­low­ing whol­ly-owned subsidiaries:

INX Dig­i­tal, Inc., a Delaware cor­po­ra­tion, which we intend to reg­is­ter as a mon­ey trans­mit­ter to oper­ate a trad­ing plat­form for cryp­tocur­ren­cies; and

INX Ser­vices, Inc., a Delaware cor­po­ra­tion, which we intend to reg­is­ter as a bro­ker-deal­er to act as an intro­duc­ing bro­ker and sub­se­quent­ly to oper­ate an alter­na­tive trad­ing sys­tem for secu­ri­ty tokens.

Since 2017, the com­pa­ny invest­ed over $7 mil­lion in build­ing a ful­ly-reg­u­lat­ed dig­i­tal asset ecosys­tem for list­ing and trad­ing cryp­tocur­ren­cies, secu­ri­ty tokens. The cryp­tocur­ren­cy trad­ing plat­form is ready to go live with­in six months after the sale ends sup­port­ing both insti­tu­tion­al and retail investors. Rev­enues streams include: Cryp­tocur­ren­cy trad­ing fees, secu­ri­ty token list­ing and trad­ing fees.

Key Ben­e­fits

INX offers a reg­u­lat­ed path for users and issuers on its trad­ing plat­forms. Reg­u­la­tion is a neces­si­ty for insti­tu­tion­al investors.

Token hold­ers ben­e­fit from dimin­ish­ing cir­cu­lat­ing sup­ply of tokens, as 20% of the tokens spent to reduce trad­ing costs are trans­ferred into the INX Token reserve.

Cur­rent and future dig­i­tal assets will be able to trade on INX trad­ing plat­forms sub­ject to reg­u­la­to­ry clear­ance and will ben­e­fit from the atten­tion of, and trad­ing from, both insti­tu­tion­al and retail investors.

Token hold­ers ben­e­fit from ‍dis­count­ed trad­ing fees.

Token hold­ers ben­e­fit from ‍increased trad­ing vol­ume on our trad­ing platforms.

Token hold­ers ben­e­fit from growth in user adoption.

The Trad­ing Solution

INX has been devel­op­ing for the last 2 years a broad dig­i­tal asset trad­ing suite:

- Buy/Sell cryp­to (BTC, ETH, LTC, ZEC, BCH) and secu­ri­ty tokens and their derivatives.

- Sup­port main order types (Mar­ket, Lim­it, Stop).

- Trade con­fir­ma­tion and report­ing tools to con­tin­u­al­ly mon­i­tor and man­age blot­ter, positions.

- Tech­ni­cal analy­sis tools for pre-trad­ing purposes.

- API inter­face for bro­ker deal­ers, cor­po­rate finance, traders and mar­ket makers.

- Indus­try stan­dard report­ing to regulators.

- Blockchain ori­ent­ed, built for dig­i­tal asset list­ing and trading.

Token Tech­ni­cal features

INX is an ethereum based ERC20 com­pli­ant token that is pro­grammed using a smart contract

INX smart con­tract address

INX has a capped sup­ply of 200,000,000 Tokens.

The INX Token smart con­tract incor­po­rates our Whitelist Data­base, which restricts the trans­fer of INX Tokens unless both the dig­i­tal wal­let address­es of the sender and receiv­er are list­ed in the Whitelist.

Use of Proceeds

BASED ON USD 117M OF PROCEEDS:

- Approx­i­mate­ly USD 47M of pro­ceeds, less offer­ing expens­es, to INX operations.

- Approx­i­mate­ly USD 70M of pro­ceeds, less offer­ing expens­es, to Cash Fund (unique to INX).

- Man­age­ment under­takes lock-up of 24 months (1/2 released after 12 months).

- Investor down­side pro­tec­tion – Cash Fund will be dis­trib­uted to token hold­ers upon a fail­ure to launch cryp­tocur­ren­cy trad­ing, an insol­ven­cy event, or a change of control.

- INX will use the funds to pro­vide supe­ri­or plat­forms for cryp­tocur­ren­cy and secu­ri­ty token list­ing and trading.

  • Cash Fund
  • Exchanges Oper­a­tions

INX Token IPO

Total Amount

USD 117,000,000

For pro­fes­sion­al investors from

Datei:Flag of Europe.svg – Wikipedia Europe

Issuer INX Lim­it­ed
Juris­dic­tion Gibral­tar
Total Invest­ment Volume USD 117,000,000
Thresh­old USD 7,500,000
Min. Invest­ment Amount for EU Investors EUR 100,000
Num­ber of Token offered 130,000,000
Prin­ci­pal Amount USD 0.9 per Token
Instru­ment Type Hybrid Token
ISIN GI000A2PJ6W9
CUSIP X3R903103
Cur­ren­cies USD, USDC, BTC, ETH
Start Date 26 August 2020
Token Stan­dard ERC-20
Sec­ondary Trading NO
For any fur­ther ques­tions about the offer­ing please con­tact us under invest@blackmanta.capital or read the com­pa­nies FAQs.
For gen­er­al ques­tions about Secu­ri­ty Token Offer­ings please read our FAQs or Con­tact us. 
Investor Doc­u­men­ta­tion

Slide CLOSED

Inter­est­ed investors must reg­is­ter and qual­i­fy as pro­fes­sion­al client accord­ing to Annex II of DIRECTIVE 2014/65/EU. A pro­fes­sion­al client is a client who pos­sess­es the expe­ri­ence, knowl­edge and exper­tise to make its own invest­ment deci­sions and prop­er­ly assess the risks that it incurs.

If qual­i­fied as a pro­fes­sion­al client, BMCP will con­tact you directly.

Legal Infor­ma­tion

The infor­ma­tion of this Token Offer­ing is exclu­sive­ly intend­ed for per­sons who are not locat­ed in or res­i­dent of cer­tain oth­er restrict­ed juris­dic­tions, and who are oth­er­wise per­mit­ted to receive such information.

Accord­ing to Arti­cle 1 (4) of the EU Prospec­tus Reg­u­la­tion (Reg­u­la­tion (EU) 2017/1129 of the Euro­pean Par­lia­ment and of the Coun­cil of 14 June 2017 on the prospec­tus to be pub­lished when secu­ri­ties are offered to the pub­lic or admit­ted to trad­ing on a reg­u­lat­ed mar­ket, and repeal­ing Direc­tive 2003/71/EC), there is no oblig­a­tion to pub­lish a prospec­tus if the secu­ri­ties are only offered to legal enti­ties or indi­vid­u­als which are “qual­i­fied investor” as defined in the Prospec­tus Regulation.

The infor­ma­tion of this Token Offer­ing does not con­sti­tute an offer or an invi­ta­tion to pur­chase secu­ri­ties in any juris­dic­tion in which such offer or invi­ta­tion is not autho­rised or to any per­son to whom it is unlaw­ful to make such offer or invi­ta­tion. Users of this infor­ma­tion are request­ed to inform them­selves about and to observe any such restrictions. 

An invest­ment involves con­sid­er­able risks and can lead to the com­plete loss of the assets invest­ed. In the inter­ests of risk diver­si­fi­ca­tion, only those amounts of mon­ey should be invest­ed that are not required or expect­ed to be returned in the near future. How­ev­er, the risk is lim­it­ed to the invest­ment sum made and there is there­fore no oblig­a­tion to make addi­tion­al contributions.

The com­pa­ny to be financed is sole­ly respon­si­ble for all con­tents and infor­ma­tion pro­vid­ed regard­ing the offer­ing. BMCP GmbH acts as a pure inter­me­di­ary and assumes no lia­bil­i­ty for the accu­ra­cy of the pro­vid­ed con­tent. BMCP GmbH works on a suc­cess fee basis of up to 4% of raised capital. 

Inter­dis­ci­pli­nary Team background

DISCLAIMER

THE DISTRIBUTION OF THE OFFER AND SALE OF THE INX TOKENS MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS. THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY (AND MAY NOT BE CIRCULATED TO ANY PERSONS) IN ANY COUNTRY, STATE, OR OTHER JURISDICTION WHEN IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH STATE OR JURISDICTION. THIS OFFERING IS NOT MADE TO OR DIRECTED AT, AND MAY NOT BE ACTED UPON BY, PERSONS OR ENTITIES IN, OR CITIZENS OF, AFGHANISTAN, ALBANIA, ARGENTINA, BANGLADESH, BELARUS, BOLIVIA, BOSNIA AND HERZEGOVINA, BURUNDI, CENTRAL AFRICAN REPUBLIC, DEMOCRATIC REPUBLIC OF CONGO, COSTA RICA, CÔTE D’IVOIRE, CUBA,
ECUADOR, EGYPT, EQUATORIAL GUINEA, GUINEA, GUINEA-BISSAU, HAITI, HOLY SEE (VATICAN CITY STATE), ICELAND, INDIA, INDONESIA, IRAN, IRAQ, LAO PEOPLE’S DEMOCRATIC REPUBLIC, LEBANON, LIBERIA, LIBYA, THE FORMER YUGOSLAV REPUBLIC OF MACEDONIA, MALI, MONTENEGRO, MYANMAR, NICARAGUA, NORTH KOREA, STATE OF PALESTINE, QATAR, RUSSIAN FEDERATION, RWANDA, SERBIA, SOMALIA, SOUTH SUDAN, SUDAN, SYRIAN ARAB REPUBLIC, TUNISIA, TURKEY, UKRAINE, BOLIVARIAN REPUBLIC OF VENEZUELA, VIETNAM, YEMEN, AND ZIMBABWE, AND ANY OTHER JURISDICTION IN WHICH THIS OFFERING IS, OR MAY BECOME, PROHIBITED (EACH A “PROHIBITED JURISDICTION”).

ACCORDINGLY, NO PERSON OR ENTITY IN A PROHIBITED JURISDICTION SHALL BE ELIGIBLE OR PERMITTED TO, WHETHER DIRECTLY OR INDIRECTLY, SUBSCRIBE, PURCHASE OR ACQUIRE, OR OFFER TO SUBSCRIBE, PURCHASE OR ACQUIRE, ANY INX TOKENS. THIS WEBSITE, THE PROSPECTUS AND ANY OTHER DOCUMENT OR MATERIAL IN CONNECTION WITH THE OFFER OR SALE, OR THE INVITATION TO PURCHASE, THE INX TOKENS MAY NOT BE CIRCULATED OR DISTRIBUTED, WHETHER DIRECTLY OR INDIRECTLY, TO PERSONS OR ENTITIES IN, OR CITIZENS OF, A PROHIBITED JURISDICTION.

 

Pho­to by Jonathan Riley on Unsplash