MBX ITO

Our ITO will begin in due course. Please read through the investment process and associated information below to familiarise yourself with how our project will move forward.

 

ITO STARTS:
Q2 2020
ITO DURATION: 12M
STAGES 5*
HARD CAP (PER STAGE): 15M USD
SOFT CAP (PER STAGE): 5M USD
ACCEPTED CURRENCIES: FIAT | CRYTPO
MIN PURCHASE 300 USD

 

* Stages last 2 months and are separated by 2 week breaks.

Copper in each stage will have its own unique price which is set using the market price and the percentage of discount issued on market price by the Blockchain Metal Company.

 

. The market price will be determined by the London Metal Exchange market price at the time Blockchain Metal Company signs the bulk purchase contract with its suppliers. Buyers of Cu Coin will then be given a discount on this market price and a FMX bonus determined by each stage (More information on the roadmap).

FIAT

FIAT payments can be made by SWIFT and will be pooled in the bank account of Blockchain Metal Company (in USD or EUR) until the bulk purchase of each ITO stage is executed and the suppliers are paid (i.e. the bank handles the Letter of Credit procedures). All transfer fees are to be carried by the buyer.

CRYPTOCURRENCY

Cryptocurrency payments will be made to official wallets of the Blockchain Metal Company (announced during the ITO). Crypto will be exchanged into USD or EUR within 24 Hours of receipt. The buyer will carry exchange fees. Exact fees for each currency will be published during the ITO.

CRYPTOCURRENCY

Cryptocurrency payments will be made to official wallets of the Blockchain Metal Company (announced during the ITO). Crypto will be exchanged into USD or EUR within 24 Hours of receipt. The buyer will carry exchange fees. Exact fees for each currency will be published during the ITO.

FIAT

FIAT payments can be made by SWIFT and will be pooled in the bank account of Blockchain Metal Company (in USD or EUR) until the bulk purchase of each ITO stage is executed and the suppliers are paid (i.e. the bank handles the Letter of Credit procedures). All transfer fees are to be carried by the buyer.

PRICING

The price of the Cu Coin can not be established beforehand and depends on two factors: the first being the LME market price of copper at time of purchase of the underlying assets, and second, the stage discounts that we offer on this market price.

 

Economies of scale and our private supplier network make it possible for any size buyer to benefit of industrial bulk order discounts that are not available anywhere else online (discounts for Cu Coin purchasers reach up to 400 USD on a ton of copper).

 

 

FUNDS COLLECTION

All funds will be pooled in FIAT until the end of each stage. At this point the BMC will lock in a market price with its supplier by signing the purchase contract for the underlying copper. This same market price will be applied for Cu Coin purchasers.

The copper, following a quality check at its destination is safely stored in our designated storage facility, the respective Cu Coins will be distributed to each contributor.

ITO PROCESS FLOW
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Registration
Future ITO participants register on our website.

5 FMX early registration bonus!
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Verification
Through email registered participants confirm their registration by signing the ITO Agreement* and together with this provide their payment, Ethereum Wallet address and KYC information.
Collection Of Funds
Verified registrants are given account and payment details to which they send their contribution
Purchase Of Copper
Funds will be pooled in FIAT until the Bulk purchase is made from our supplier (end of each stage).
Physical Delivery
Physical copper is shipped to our storage facility in Turkey (CIF). The supplier contractually guarantees to only use insurance and logistics companies of certain size and reputation. BMC engages AHK Group for quality and transport inspections at the loading and destination port. Transportation and inspection documents will be made public unless contractually restricted (e.g. Non- Disclosure Agreements).

Digital Delivery
Cu Coin MBX will be sent out to registered and verified e-wallets after the physical copper has been safely stored and inspected for specifications and quality.

*Agreement for the purchase of physical copper and a storage mandate along with terms of use of the warehouse receipt that is Cu Coin. The purchase and storage contract will be the only official documentation of the relationship between the buyer and the BMC. It will contain but is not limited to the information, terms, and procedure of the Whitepaper and Website. This information is subject to change until both parties sign the contract. Governing law is the Civil- and Commercial- Codes of Germany. We reserve the right to reject a person’s purchase for reasons relating to compliance or if the intended economic purpose can not be reached through any reasonable means.

More details will be available closer to the start time.

Until then please join our Telegram channel below to stay up to date