Who is Uniti?
Uniti is an EV (Electric Vehicle) company based out of Sweden. They were founded in 2015, stemming from a research project at Lund University.
The project has since stemmed into a full-fledged company with a working prototype of their upcoming EV. Known as the Uniti One, this EV has managed to successfully raise over $60 million to date.
What is the problem?
With the human population exploding, so is the number of vehicles on our roads. Each of these vehicles contribute a small amount of pollution, playing a major role in Climate change.
Current vehicle designs are also becoming obsolete. With many of the world’s city centers becoming overpopulated, combustion engines are falling out of favour. Firstly, due to the pollution they contribute to the confined geographical areas, and also due to their inefficiency and noise.
While the world has long dreamt of a solution in the form of hydrogen or electric vehicles, the public is only now being presented with viable solutions.
How will Uniti solve it?
Uniti is fully aware of these problems, and over the last 3 years have been developing a vehicle that can play a role in alleviating the issues at hand.
Uniti One is the name of their flagship product. This is a small, sleek, electric vehicle. As their tagline for this product suggests, this vehicle is designed with a broad audience in mind – ‘designed in Sweden, built for the world’. This vehicle will provide the range needed for those that require it, while still retaining a small stature. This will allow the vehicle to appeal to both in-city, and out-of-city drivers.
After making a splash at the 2018 Auto Expo in India, Uniti has revealed plans for multiple vehicles in the coming years. While the Uniti One is a two seater that will launch in 2019, the will also be offering a 5 seater in 2020.
To fund their continued development of not only their 2 seater, 5 seater, and future products, Uniti is taking part in an STO. Hosted by listings platform Neufund, Uniti will distribute security tokens to interested investors.
Being a forward thinking company, it isn’t surprising that they should turn to the next-gen means of fund-raising. Investors that take part in the distribution event will benefit from the liquidity and flexibility that security tokens afford. Meanwhile Uniti will benefit from a more diverse, and deep pool of investors.
While the team at Uniti totals over 45 members, here are a few of those leading the way.
Drawing appeal to their project, Uniti has opened up orders for their Uniti One with a fully refundable deposit. Uniti is hoping that this no-risk commitment to the company will generate buzz and interest in their product. To date, this tactic is working, with the company already drumming up over $60 million in presales.
For those interested in the project, you can receive company information from Uniti. Here the company indicates that they are actively working on their whitepaper, and that it should soon be released.
Uniti is situated in Lund, Sweden, and can be reached at the information below.
EMAIL – firstname.lastname@example.org
Address – Uniti Sweden AB, Arkivgatan 3, 224 60 Lund, Sweden
VeVue Signs Partnerswith CBX for Token Launch
The blockchain-based social media platform, VeVue announced plans to host an STO in the coming weeks. The company intends to expand the platform’s capabilities with the funds raised. Now content creators have a more lucrative alternative to consider moving forward.
News of the company’s intentions first broke via an October 14 press release. In the post, the company announces its new strategy and partnership. As part of the firm’s new crowdfunding approach, VeVue partnered with the hugely popular CBX exchange.
For its part, CBX will be responsible for the sales, token issuance, and distribution of the VUE token. CBX is one of the largest crypto exchanges based in the Middle East. The firm operates a fully compliant EU exchange. Developers integrated both AML and KYC protocols directly into its trading platform.
CBX recently launched a campaign with Alibaba competitor GoJoyin in which the platform secured over $10 million in funding. The experience gained in this campaign will be critical for VeVue STO’s success.
The VeVue STO will commence on October 28, 2019, at 4 pm PST. Interestingly, the event is scheduled to only last 48 hours. CBX intends to issue 5 million VUE tokens to qualified non-US investors. Vevue also announced that there will only be 100 million VUE tokens in total available to investors. Of these tokens, 35 million are reserved for investor purchases.
Vevue and CBX Unique Strategy
CBX and Vevue have a unique strategy for their crowdfunding efforts. The company intends to host an STO monthly moving forward. Additionally, these auctions will be Dutch-style. Basically, the official token price is set after taking in all bids.
Highest-Price VeVue STO
This strategy enables the firm to receive the highest price for the total offering. For example, investors place their bids which include the price and quantity they desire. The firm will then accept the top 5 million bids for the tokens.
VUE Token Benefits
VUE token holders receive a portion of gross revenue collected via the VeVue social media app. Consequently, investors actively earn from VeVue’s ecosystem. The App provides content creators with a revenue-generating outlet. Here, users can create and monetize content such as videos easily.
VeVue Transaction Fees
Vevue charges a 5% transaction fee on the monetized content. This fee then enters into the dividend pool from which STO investors receive payments daily. Importantly, dividends are paid in VUE tokens. This unique strategy encourages users to create high-quality content to earn more tokens.
Next Level Social Media
Traditional social media doesn’t allow users the opportunity to earn from their content contributions. In fact, the current social media giants provide content creators with zero payment for their efforts.
Social Media Heat
VeVue’s timing is impeccable as social media giants such as Facebook continue to confront lawmakers over a myriad of concerns. Facebook, in particular, appears to be in the target of regulators after announcing plans to issue its own native cryptocurrency called the Libra.
A Better Social Media Alternative
VeVue appears to have unlocked a better way to social media for everyone. Providing users with an opportunity to earn tokens for their content is a smart concept that has proved to be a great alternative in the past. You can expect to hear more from VeVue in the coming weeks as its STOs hit the market.
NBA Quickly Shuts Down Dinwiddie Contract Tokenization
Not So Quick…
In retort to the highly publicised decision by Spencer Dinwiddie to tokenize his contract, the National Basketball Association (NBA), commented in a conversation with the New York Times.
Unfortunately for Dinwiddie, it would appear as though he is fighting an uphill battle in achieving his goals. The following is what the league has to say on his plans.
“According to recent reports, Spencer Dinwiddie intends to sell investors a ‘tokenized security’ that will be backed by his player contract. The described arrangement is prohibited by the C.B.A., which provides that ‘no player shall assign or otherwise transfer to any third party his right to receive compensation from the team under his uniform player contract.’”
In response to this decision, Dinwiddie did not seem phased. Again, speaking with the New York Times, he had the following to say.
“When I was on the phone with the league, I told them it wasn’t an assignment. And they invited me to sit down with them and explain the offering, which is what I’m going to do.” He continued, “What better way to be invested in a player as a fan than to have some level of skin in the game,” Dinwiddie told The Athletic. “With the way mine works, if I play well in that player option year and we split the profits up the first year of my new deal, it greatly appreciates the return on this investment vehicle.”
While Spencer Dinwiddie represents the first athlete to actually attempt the tokenization of his contract, the idea is not brand new. There have been instances in the past where the idea was floated, to no avail.
If successful in his mission, Dinwiddie is, potentially, on the cusp of unlocking new forms of financial flexibility among athletes. For those looking to take an active role in securing their future, tokenization has the potential to make them more money. Interestingly, this stands to benefit the league, as well, as it opens a brand new avenue of fan participation.
At age 26, Spencer Dinwiddie is a 6’6” point guard for the Brooklyn Nets. A public proponent for blockchain technologies, this rising NBA star looks to help himself, and his peers, through financial flexibility.
Dinwiddie recently signed a lucrative contract with the Brooklyn Nets, which will see over $34 million paid out over 3 years.
In Other News
Over the past few weeks, we have touched on the topic of tokenizing sports contracts multiple times. The announcement, and subsequent release of details surrounding Spencer Dinwiddie, can be found in the following articles.
NBA Guard Spencer Dinwiddie Tokenizes Contract
Sports fans could get a taste of blockchain tech much sooner than they planned thanks to one ingenuitive player’s strategy. This week, Brooklyn Nets guard, Spencer Dinwiddie announced plans to tokenize the first year of his contract. The news demonstrates how tokenization continues to create new asset classes in every market.
Dinwiddie seeks to raise $13.5 million to launch the DREAMS fan share platform via an STO. The concept is simple. The platform allows fans to own a share in their favorite entertainer or athlete’s career. Basically, you purchase a share in the profit-generating potential of a particular entertainer.
Dinwiddie – Tokenized Contracts are Better for Players
Players often receive large multi-year contracts. In many instances, especially the NFL, only the first year of the contract is guaranteed. Consequently, when a player gets injured or retires early due to unforeseen circumstances, the player loses the balance of the contract.
Tokenizing the contract allows players to get more funds upfront which allows them to do more with their earnings. Dinwiddie believes this strategy can give entertainers a more stable financial opportunity when compared to the traditional business structure.
What Do Fans Get?
Investors receive SD8 tokenized shares. These shares represent a piece of Dinwiddie’s contract and are named after his initials and jersey number. Each SD8 token represents a share in the first year of his 3-year $34.5 million agreement with the Nets.
Investors get paid dividends for their investment directly out of Dinwiddie’s bi-weekly paycheck. Importantly, investor’s earnings are secure because the Nets guarantee the first year of his contract. Also, Dinwiddie explained that he would give investors the option to extend for additional years if the strategy proves successful.
The shares have several fan protections integrated as well. For example, if a player retires early, they forfeit their earnings to their shareholders. Consequently, the player would leave the league with nothing.
Exclusive Investors Only
Unfortunately, most NBA fans won’t get a chance to buy SD8 tokens. Only accredited investors may participate at this time. Accredited investors can show at least $1 million in the bank. Notably, the minimum investment is $150,000.
Speaking on his concept, Dinwiddie pointed out some key reasons behind the maneuver. For one, he believes that SD8 tokens provide investors with a safer alternative than traditional fiat during global recessions. He envisions a day when all athletes use this strategy to better hedge their earnings.
Dinwiddie spoke of a near-future where fans could trade contract shares of different players. Imagine trading your Dinwiddie contract share for a share in LeBron’s earning potential. The potential for this new asset class is extraordinary.
Paxos Trust Company
The Paxos Trust Company partnered with Dinwiddie to bring this unique strategy to the market. Paxos was the first regulated trust company to enter the blockchain sector. The firm handles the custody, escrow, and payment of investor’s dividends. As part of the concept, investors receive dividends in the Paxos stable coin – PAX. PAX is traded on numerous exchanges including Binance.
Dinwiddie is a Blockchain Pioneer
One thing is for sure, no matter how Dinwiddie’s NBA career turns out, he is always welcome in the cryptocommunity. This out-of-the-box strategy could provide a revenue boost to both players and fans very soon. At the very least, you got to give it to him for creating more liquidity in the market.