Sapien Wallet’s ETO Launch
Sapien Wallet is proud to announce that we will be launching our Equity Token Offering (ETO) on April 27th, 2020. This will allow for the first time the public to buy Sapein Wallet’s equity token, which will represent a share in our business. Tokens can also be traded to other individuals at a later date or kept by the user for him/herself.
We, at Sapien Wallet, chose to do an ETO because trust is paramount to our company, we are a company that is looking to close the bridge of distrust among. An ETO is the safest to guarantee that investors and supporters of our company can invest in Sapien Wallet, knowing that there is a legal framework to hold up their rights and protect their investment. This means that trust between us and potential investors and supporters of the company can be preserved.
Details of Sapien Wallet’s ETO:
| Date | April 27th, 2020 |
| Percentage of the company open for sale | 20% |
| Duration of ETO | 60 days from launch |
| Hard Cap | 1,500,000 EUR |
| Cost per share | 65,000 EUR |
| Tokens per share | 1,000,000 |
| Cost per token | 0.0065 |
| Token Transferrable | Yes |
| Voting Rights | Yes |
| Dividend Rights | Yes |
The money raised in our ETO is to ensure that Sapien Wallet can continue to further develop our decentralized lightwallet, expand the current team, hire new talent and market our product to the world. This is a massive undertaking and we, at Sapien Wallet, appreciate any support that comes our way. We believe that this ETO is mutually beneficial for all parties involved, we’d like to see everyone grow and prosper from this relationship.
For more details about how you can invest in our ETO, click here.