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https://www.exodus.com/

I didn't know about this until stumbling on it by accident today. It's showing on their site Exodus Movement Inc Public Offering raised ~98% of the $75 million they're looking to receive but it doesn't show what they're intending to do with the cash.

I'm looking at their public offering not important for furthering development because they've covered huge content so I can't be sure but it's like another way for their team to become wealthy. Is Exodus wallet something that should've had a public offering?

This is from the announcement:


So this isn't exactly a true IPO.  In fact, although I don't know what the hell it actually is, it sounds extremely sketchy to me.  And as far as what they're planning on using that money for, or who the investors are so far....I don't know that either, but Exodus is a crappy wallet last I checked and I'm pretty sure the money being raised isn't to upgrade it.

I'm not sure what to believe when an announcement like this is made on crypto news sites rather than mainstream ones.  Thanks for noticing this, OP, and for posting about it--I certainly wouldn't have found out about this any other way.  Should be interesting to see what comes of it.

To pay for cocktails on the beach, hookers and cocaine. What else you had in mind? There is no need to write a rodmap since everyone should already know all about it.

Oh an BTW, I believe Exodus wallet is not opensource so should not be used when you have alternatives.

I think it is aimed at their exchange, the wallet itself can't be a business model as long as you let people have control on their coins, you can't charge maintenance, you can't make % on transactions so the only way you can fleece your customer is with the exchange rates. I assume they want to take this one step further than atomic wallet who is doing this via changenow and provide both services, or at least this is the only way I can see it as a profitable business model.


So, the real focus is not the wallet, or at least I guess it's not.

Personally, I do not use Exodus wallet because I am from a prohibited country, I tried to use it previously, but I was not able to, so I use the Atomic wallet, I think that their program is similar to the Atomic wallet program where they provide you with an immediate exchange of currencies, but the exchange rate is different from the exchange rate and they take this The big difference and then they return a fraction of it as a percentage if you hold the AWC token, so I think Exodus wallet will do a similar experience.

https://decrypt.co/60000/exodus-wallet-files-with-sec-to-sell-75m-in-shares-with-a-twist

It's fishy and it's sketchy rolled together. They've used words like Public Offering so it's not Initial Public Offering. If they've already raised 98% of what they're looking for they've got $73.5m but if they're making a big issue about $1.5m they're sounding desperate.

Exodus hasn't got a great reputation, it isn't open source but when investors hear buzz words like Bitcoin and cryptocurrency they're tempted to invest immediately. This token sale doesn't make me want to invest but I'm also watching like you to see what comes of it. Thanks.

I believe this is a share of the company not a token, I don't think I have time to read their prospectus because 99% of the money has already been raised. I came across Exodus wallet in 2017 but not many people are using it, it missed the opportunity to be the top wallet in the space, I have this feeling that the success of CoinBase public offering will push most of the US base Crypto projects to go public

It's on their website they've raised the full $75 million, they sold all their public offering. I don't see the attraction why investors gave $75 million to Exodus Movement Inc, it isn't worth $hundreds of millions. Are wallet provider public offerings going to be the next big thing?