🚛 TrucPal has a new Pal
INX added two new tokens this week... which one is trading?
We are proud to announce that our Web3-enabled offering on the Avalanche blockchain is now open for investment on the Securitize Markets platform!
Over 50 people from 3 continents have invested in our offering so far.
We are co-hosting a Twitter Spaces with Avalanche and Securitize tomorrow to discuss this Web3 offering!
Gooood morning, Rainmakers! ☀️
As always, I have two captivating topics for you to dive into:
1️⃣ 🚛 INX made two new Pals this week: INX added a primary offering STO and another token started trading! Who are they?
2️⃣ 🥊 Stobox is ready to box the other DEXs: Stobox launched a DEX specifically focused on security tokens. Who is the first issuer to trade?
Without further ado, it's time to…
Get liquid 💧
🚛 INX made two new Pals this week
INX Securities, which is one of the leading security token marketplaces based in the US, looks to remain at the helm with two very exciting announcements!
The first announcement comes from our pal, Trucpal!
They just announced they will be doing a $20M STO hosted on the INX Securities platform, with plans to disrupt China's trucking industry through SaaS technology!
According to the data from the Ministry of Transport of the PRC, China’s trucking industry and its affiliated industries have an annual value of $1.5 trillion.
The Trucpal team is ambitious and aims to take over 3.5% by 2025 and 15–20% by 2030!
It looks to me their STO is already off to a hot start with an investment from VC Firm, Beyond Ventures.
I am not for certain as to how much the investment amount is, but hear what the Co-founder and Managing Partner of BV had to say:
Let's take a look at the deal terms according to INX's website:
- Security Type: Profit-sharing
- Eligible investors: US Accredited and Non-US
- Minimum Investment: $2,000
- Token Ticker: $TRUK
- Token Price: $.10
- Offered Supply: 200,000,000
- Fundraise Opens: 2022-07-25 10:00
I'm so glad you asked!
The second pal that INX made this week was the announcement of the Millennium Sapphire $MSTO token to commence trading in its marketplace!
If you aren't familiar with them, the $MSTO Token represents both fractionalized ownership in the Millennium Sapphire and future pro-rata share in the potential profits driven by our NFTs.
Like, a legitimate sapphire with an impressive history.
I spoke to CEO, Daniel McKinney, and this is what he had to say on the listing:
Learn more about the project here!
🥊 Stobox is ready to box the other DEXs
Heard of Stobox?
Stobox is officially a turn-key tokenization platform and unofficially a DEX boxing team.
They just launched DS Swap, which is one of the first DEXs for security tokens with ambitious plans.
They may or may not be entering into a security token boxing match between other security token DEXs... dare I say IX Swap??
In all seriousness, what is DS Swap?
In essence, you can think of it as the Uniswap of security tokens - where security token issuers can manage liquidity pools and automated market-making functionalities.
You may be thinking to yourself, but how is this compliant if it trades on a public blockchain alongside non-securities.
The thing is you can compliantly trade security tokens on DEXs... but, of course, there's a caveat.
The investors who are authorized to trade have to be whitelisted via the respective jurisdictions' regulatory framework.
In other words, if you are authorized, you can trade freely on a public blockchain exchange amongst other approved investors.
With the launch of DS Swap, Stobox already has a pretty impressive client – Landshare LLC!
Landshare successfully fundraised and reached a hard cap using Stobox services and products on the Binance Smart Chain (BSC) protocol!
This might be the first security token on the BSC to my knowledge.
Check out the DS Swap platform for yourself here!
Congratulations to the Stobox team - we can't wait to see more tokens trading!
💦 What else is Drippin’
- Russia Imposes a Ban on Paying for Things With Crypto or NFTs: Russia imposes new restrictions on blockchain-based assets!
- Tokenize This: Week 69 ~ Tokenized MLPs (Master Limited Partnerships): Peter Gaffney is back again with a very unique tokenization use case!
- Who is Security Token Market? - Security Token Show: Episode 149: Check out the latest episode of the STS talking about we are!
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