10 CABS or 6 ETH for pre-ICO

We are in discussion to list the token with several major exchanges. 

But we can not disclose which ones, until the deal is singed.

For physical safety. 

We have partnership with Deltalis. 

They own ex military bunker near Zug.

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For technological safety.

We use XAPO. 

We are also adding two more providers soon.

Yes this is not 0.01 cent or 1usd token.

However do be careful to judge value by the nominal price of the token.

Our price for pre-ico and ico is 0.6eth for 1cabs (bonus differe depending on timing and volume)

This translates into about 2-3% premium over BTC (or securitization premium)

Today the same premium for Bitcoin investment trust is about 5000usd or 50% securitization premium

So relatively it's very cheap.

We could have made 100x more supply to reduce the nominal price

But decided that's better to keep 1cabs=1 BTC conversion ratio as it's simply and easy to compare things

As opposed to making 100x supply and making things more difficult to quantify...

Number of reasons

1) project active phase started with founder of ethereum Vitalik Buterin agreed a large investment deal with the bank which we could not close. In the process many issues that prevented institutional investors were uncovered in real use case basis (titled ownership, clearing, storage, compliance)

2) our front end for client accounts are based on ethereum.

3) ERC 20 standard is fully supported by all major exchanges.

This means tokens that were sold in the closed round.

The project come to live when Vitalik Buterin agreed with a major bank to do a multimillion $ investment.

after legal, accounting, tax and compliance due diligence teams finished with their review.

Deal DID NOT happen.

they said that risks where way too big for a fiduciary responsible institution to invest into ETH.   (at that time ETH was between trading in the range of 7 to 14USD)

So when people say that their is institutional wall of money waiting to enter.  This is 100% BS!

Institutional investors can not enter crypto because

1) their accountants go crazy since their is no properly TITLED asset

2) their auditors can not audit it

3) clearing&settlment risk are so high that their chief risk officer gets fired if he approves such deals

4) tax people go crazy as they don't know whats the tax impact and how to optimize it

5) and their regulator goes crazy as they can not regulate it either through judicial or regulatory framework

These real life problems we are working on SOLVING.

First step is securitsiation platform fueled by CABS token

Second step, investment banking decentralized protocol.

Cheap is relative.     


We sell CABS token at 0.6ETH or between 2-3% of the price of BTC (securitization premium)

If you look at the closest competitor, which is Bitcoin Investment Trust, https://finance.google.com/finance?q=OTCMKTS%3AGBTC&ei=2HQdWrGrFougswGAqLrwDg

It is traded at 40% premium!!!!!! to the value of BTC

In the last 6 month it traded as high as 100% premium.

So buy-in at 2% effective rate (including all bonus)

You are getting the same thing 20X more cheaply.

More over your upside (if you believe we are able to execute) is 20X

You downside is 1x  (in which case we will stop doing securitization)

Expected demand is huge so zero is possible but unlikely!

So I say its pretty cheap!

Well we think just because everyone one says we should price our token at 0.01 or 1 USD, does not mean this is the right.   

Our logic for the price is very straight forward.    1 CABS = 1 BTC equivalent for crypto note exchange.   

As 1 BTC now is about 9900USD, and premium for securitization is about 15000USD (or 4000USDpremium)

or 40% securitsation premium

as we sell our CABS @ 2-3% of the securitization, or eqvivalen of 0.6ETH (fixed price)

We decided that simplicity of 1CABS = 1BTC equivalent is more important

then "fake" perception that you are getting value because you are buying something at 0.01cent!!!!

YES North America is the biggest market, so we have to work in USA.   

Institutional investors all around the world, US included have pretty much the same problems with digital assets. 

1) no titled auditable ownership 
2) very risky clearing & settlement,
3) tax unclarity 
4) cyber security and most important
5) regulatory & judicial compliance.   


Crypto Global Notes solve all of them.  In fact I have to say that initial reaction from North America is much more then from Europe and Asia.  Investors in USA now how to handle risk much better. 

They are WILLING and ABLE to allocate to the digital asset class. 

So North America is #1 market for us regardless what everyone says!