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Bucket Token
The Bucket token is a security token that will pay out profits to token holders in direct proportion to the share of total tokens owned. In this offering, the company is offering 28% of the total token supply at a target raise of $33 million.
These tokens would entitle holders to 28% of the profits as a payment from the company when declared. The overarching goal of the token will be to align Bucket with token holders in the mission to move the world towards a cashless economy.
Bucket's progress in developing the technology, securing $2.5m in early-round equity financing, and launching two pilots in the United States and Singapore in Q3 2018 illustrate the traction and interest in the solution.
A total of 1.5 billion tokens will be issued. Aside from the 420,000,000 allocated for the token sale, the company plans to distribute tokens to equity investors, advisors, employees and founders. The company will also hold back a meaningful portion of the tokens for retained earnings or company expansion.
The company is also setting aside tokens in a pool that will be used towards the payment of profits for a set amount of time. Release of tokens will be
subject to vesting schedules to ensure a predictable and orderly release of tokens into the market over time.
These tokens would entitle holders to 28% of the profits as a payment from the company when declared. The overarching goal of the token will be to align Bucket with token holders in the mission to move the world towards a cashless economy.
Bucket's progress in developing the technology, securing $2.5m in early-round equity financing, and launching two pilots in the United States and Singapore in Q3 2018 illustrate the traction and interest in the solution.
A total of 1.5 billion tokens will be issued. Aside from the 420,000,000 allocated for the token sale, the company plans to distribute tokens to equity investors, advisors, employees and founders. The company will also hold back a meaningful portion of the tokens for retained earnings or company expansion.
The company is also setting aside tokens in a pool that will be used towards the payment of profits for a set amount of time. Release of tokens will be
subject to vesting schedules to ensure a predictable and orderly release of tokens into the market over time.
SPECS:
BUCKET TOKEN (BKT)
Token Name: Bucket
Token Issuer: Bucket Technologies Incorporated
Legal Advisors: Harvey Esquire APC - Pillsbury Winthrop Shaw Pittman
Token Format: ERC20
Token Sale Total: $33,000,000 (includes discounts)
Participation: Accredited investors only
Token Maximum Supply: 1,500,000,000
Token Price: $0.10
Token Distribution: After October 2018 (or close of sale)
BUCKET TOKEN (BKT)
Token Name: Bucket
Token Issuer: Bucket Technologies Incorporated
Legal Advisors: Harvey Esquire APC - Pillsbury Winthrop Shaw Pittman
Token Format: ERC20
Token Sale Total: $33,000,000 (includes discounts)
Participation: Accredited investors only
Token Maximum Supply: 1,500,000,000
Token Price: $0.10
Token Distribution: After October 2018 (or close of sale)
Profit Pool
A key component of Bucket’s token structure is the Profit Pool, which is an endowment of tokens that will be used to partially or fully cover profit payouts for the first 10 years of the token’s existence (fiscal years 2019 - 2028). This feature is motivated by a number of benefits that should accrue to both company and token holders alike.
PRESS
Idea sounds interesting
