Chainium promises to reinvent the equity market to help you raise capital for your business. Find out how it works today in our review.
What Is Chainium?
Chainium, found online at Chainium.io, helps business owners raise capital for free. Meanwhile, investors can buy and sell shares through the platform. Overall, Chainium aims to reinvent global equity markets.
Chainium’s goal is to create a platform where business owners can more easily access sources of equity. As the Chainium website explains, “We stand for any business who wants to raise capital to grow. We stand for any investor who wants to buy shares in business they believe in. That’s why we built Chainium.”
Chainium believes today’s equity markets – like traditional stock markets and the way we interact with them – are inefficient. These systems are slow and expensive for all participants – including investors and businesses seeking to raise capital. This is a problem that Chainium wants to solve.
Chainium is actively developing the platform, and they plan to release their finished product in 2018. Before the end of 2018, Chainium plans to release an app where investors and businesses can buy and sell shares using a secure blockchain-based environment.
How Does Chainium Work?
Chainium aims to disrupt global equity markets using blockchain technology. One of the biggest innovations of the platform is the ability to allow users to securely buy and sell shares in a convenient way. Chainium wants to allow investors to buy and sell shares through any mobile app.
In fact, Chainium’s Investor app is already available on the Google Play Store here.
The entire platform is powered by blockchain. Chainium uses a distributed ledger to create a direct link between the businesses that are selling shares and the investors who are buying shares. This removes the middle layers of the market, including the administrative fees and reconciliation steps required in today’s equity markets.
Here’s the basic process that occurs when investors or business owners buy/sell shares through the platform:
- Business owners will download the Chainium app, then offer to sell shares using the app
- Business owners define the valuation of the company and the share price, enter the number of shares to be sold, and choose the duration of the offer
- Investors will review the share offer, or they can trade previous allocated shares on the Chainium secondary marketplace
- Investors can purchase shares via their app using regular fiat or cryptocurrency
- At the end of the offer period, businesses will receive the capital raised in either regular fiat or cryptocurrency
Benefits of Chainium
Chainium enables the following benefits for business owners and investors.
For Business Owners
- Sell shares in their business to raise capital
- Sell shares directly to investors
- There’s no need for an IPO or a bank
- Remove the middlemen and reduce fees from the process
- Sell shares regardless of whether the business is listed or unlisted
- Access all of these features for free
- Buy shares directly from businesses
- Remove the middlemen
- Get access to exclusive investment opportunities
- Buy and sell shares on secondary markets
- Access all of these features for free
Who’s Behind Chainium?
Chainium is based in Vaduz, Liechtenstein. The company was founded in 2017 by a group with 15+ years of experience in global equity markets. That team also has hands-on experience with blockchain technology, data security, and financial regulations.
Key members of the team include Sascha Ragtschaa (CEO and Co-Founder), Florian Batliner-Staber (COO and Co-Founder), Ermin Dzinic (CTO and Co-Founder), and Helen Tanner (Chief Marketing Officer).
Chainium AG is supervised by EU jurisdictions and policies, including the Financial Market Authority (FMA) from Liechtenstein (called the Finanzmarktaufsicht).
Obviously, there are a lot of blockchain companies built in nearby Switzerland – but the tiny country of Liechtenstein doesn’t have as many blockchain companies. Why did Chainium choose to incorporate in Liechtenstein? The company claimed that the country has minimal bureaucracy, stable market conditions, and a government that’s actively supporting blockchain-based startups.
While Chainium is headquartered in Liechtenstein, the company has office hubs in the UK and Germany, and they plan to open more hubs in North America and Asia in the future.
The Chainium ICO
Chainium’s token sale is scheduled to begin with a pre-sale from November 27 to December 18, with a token sale from December 25 to January 12.
The Chainium token is listed under the symbol “CHX”. Bonuses of up to 30% are available for early contributors. There’s a hard cap of $37 million for the token sale.
There’s a total supply of 100,000,000 CHX tokens, with 50% of that supply (50,000,000) available during the token sale. Tokens are priced at a rate of 1 CHX = 0.0017 ETH, with a minimum individual contribution of 0.1 ETH.
KYC verification is only required on purchases of greater than 2.0 ETH or equivalent.
The CHX tokens are ERC20 tokens built on the Ethereum blockchain. Chainium is accepting ETH, BTC, and LTC for the token sale.
Of the remaining total supply, CHX tokens are dedicated to a reserve fund (20%), founders and management (25%), and token sale costs (5%).
Chainium is a Liechtenstein-based blockchain company dedicated to making equity markets more efficient. Today’s equity markets are filled with bureaucracy, middlemen, and high prices. This prevents investors and businesses from securely interacting with each other. Chainium wants to change that by releasing a mobile app where business owners can securely sell shares to interested investors. The blockchain functions as the middleman, which means reduced costs for everyone involved.
The token sale for Chainium’s CHX tokens is underway throughout December and January. Find out more today at Chainium.io.