Topic: [ANN][ITO] Securosys - Participate in a successful Swiss HSM-manufacturer 🇨🇭 - page 2. (Read 426 times)

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Securosys develops technically superior, security-wise most trusted, and financially competitive hardware and software for crypto assets and blockchain technologies. Its products enable Securosys to be the preferred partner not only for global enterprises, authorities, and industries but also new entrants to the blockchain space. Securosys' products already protect the Swiss Banking System by securing € 100 Billion in daily transactions.

⇨ ⇨ ⇨ TRUSTED BY THE SWISS INTERBANK CLEARING SYSTEM (SIC-SIX) ⇦ ⇦ ⇦
⇨ ⇨ ⇨ GROWTH FINANCING OF A SUCCESSFUL BUSINESS ⇦ ⇦ ⇦

Token Address: 0xe5519b3408fcba6613b44a7a464b6bb884cbfdc1

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»»»»»» Tamper-proof architecture ««««««
»»»»»»»» Scalable technology ««««««««
»»»»»»»» Made in Switzerland ««««««««
»»»»»» Wide range of applications ««««««

Private keys correspond to crypto assets and must be kept secure. Existing solutions like printouts, offline storage in USB sticks, or simply keeping the private keys on computers are neither secure, reliable, nor do they scale for institutional applications.

Founded in 2014, Securosys is extending the functionality of its Hardware Security Modules (HSM) for secure storage, access, and use of private keys for crypto assets and blockchain systems. Financial institutions like banks, exchanges, and brokerage firms are in desperate need of a secure enterprise-grade solution to manage cryptocurrencies.

Moreover, Securosys will develop secure computing platforms and key management systems needed for distributed ledger technology. Securosys will also expand internationally to serve and support customers locally all over the world.
Blockchain and cryptocurrency specific products: Blockchain and Crypto-Assets HSM, Trusted Execution Platform HSM, Securosys Clouds HSM, Key Management Server HSM.

Securosys is an award-winning company   
            
2017: SEF.High-Potential quality label granted by Swiss Economic Forum
2016: Finalist for the high-tech innovation award at the Swiss Economic Forum in Interlaken   
2016: Winner of Red Herring Europe Top-100 Award

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SECUROSYS ITO

The Securosys SET token

Securosys will issue the Securosys Token (SET) as a security token. The following gives an overview, including token distribution, profit sharing, and conversion mechanism.

Name: Securosys Token

Ticker: SET

Price per token: CHF 5.00 (or equivalent)

Token type: ERC20

Token purpose: SET tokens can be converted into shares. The conversion rate is 100 tokens to one Securosys share of CHF 1.00 nominal value. The tokens entitle to an annual dividend-linked participation per token when the company issues a dividend.The dividend-linked participation is a cash payment by Securosys in CHF, tokens, or Ether. The amount of participation per token equals 1% of the amount dividend paid per Securosys share.

Hard cap: 3’049’345 SET Token

Pre-money valuation: CHF 49’259’350 (accounting for discounts)

Participation options: Bitcoin, Ether, and Fiat (CHF, €, $) via bank wire.

ITO timeframe: 6.11.2018–7.12.2018

Ticket sizes, discounts and lockup periods



Token distribution and use of proceeds

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Dividend sharing

25% dividends are distributed to the token holders



Mechanism
Every year after receiving the audit report and checking the general financial health of the company, the Securosys board makes a decision on paying out dividends. The general assembly has to approve the proposal, then approved dividends are paid out to share and token holders. Note that Securosys just entered the second year of profitability, but has not paid out dividends in the four years of existence.

25% of the dividends paid to shareholders are distributed to the token holders. The 25% corresponds to the 25% of shares represented by the SET tokens. The dividends are paid out via smart contract in ETH or SET tokens with the rate CHF/ETH calculated at the date of payout. If dividends are paid out in SET tokens, they come from the company reserve or market buybacks by the company.
If a subsidiary of Securosys is sold, the same procedure applies for the exit proceeds.

Requirements for dividend payouts
To be eligible for the dividend distribution, the holder needs to be in possession of at least 1000 SET tokens, and they have to be registered and verified with Securosys. This is due to the Swiss tax withholding requirements.

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Team

Executive Team

Dr. Robert Rogenmoser, CEO, a 17-year Silicon Valley veteran, has experience in building up companies and products from scratch

Dr. Andreas Curiger, CTO/CSO, cryptographic expert with over 20 years of industry experience, manages technology

Marcel Dasen, Head of Engineering, with over 20 years of experience in building embedded products, leads our product development

Reto Stäuble, Head of Services and Biz Dev, with over 10 years of experience in cryptographic products, leads the Securosys Clouds HSM development

Christian Willemin, Head of Sales, over 15 years of experience in sales, and account management, leads customer acquisition

Geraldine Critchley, Head of Marketing, digital marketing expert with over 15 years experience in product marketing

ITO Advisory

Michael Guzik, ITO Advisor, Blockchain Valley Ventures

Ronald Kogens Legal & Regulatory Counsel, FRORIEP Legal Ltd.

Yannick Zehnder ITO Advisor for Community Building and Management and Investor Relations

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