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 that Blockchain Metal Company will be using with its suppliers is determined by the London Metal Exchange at time of purchase and will be applied to buyers of Cu Coin MBX 1:1 however with a staggered discount (see our Ecosystem page for more).

 

FIAT

FIAT payments can be made by SWIFT in USD or EUR.

All transfer fees are to be carried by the buyer, standard bank fees apply.

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 in USD or EUR. All transfer fees are to be carried by the buyer, standard bank fees apply.

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).

 

 

ITO Agreements

ITO Agreements are made up of one Purchase Contract, one Storage Mandate, and Terms of Use of the Warehouse Receipt. These documents will be the only official documentation of the relationship between Blockchain Metal Company and Clients. It will contain but is not limited or obliged to contain the information and terms of the Whitepaper. This information is subject to change until both parties sign the contract. We reserve the right to reject a person’s purchase for reasons relating to compliance or if the intended economic purpose unexpectedly can not be reached through any reasonable means.

Incase the Soft-Cap is not reached in time, clients will be given the option to get a refund in FIAT or participate with said amount in the next Stage of the ITO with the same discount of the previous stage.

ITO PROCESS FLOW
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Registration
Future ITO participants register here on our website.
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Verification
Through email, participants confirm their registration by signing the ITO Agreements electronically and together with this provide their payment origin, 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 Germany. BMC engages an inspector for quality and transport inspections at the loading and destination port.
Digital Delivery
Cu Coin MBX is sent out to registered and verified 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