Topic: [BOUNTY]CRWD Network - BOUNTY Program CRWD Token [BOUNTY] (Read 5825 times)

CONDA 3.00 - a new chapter is opened weare300
https://ico.conda.online/conda-3-00-a-new-chapter-is-opened-weare300/

After months of countless discussions, appointments and negotiations in search of the best partner for the future and further development of CONDA, we are happy to announce officially and proudly: CONDA becomes part of the startup300 family!

For us, this means opening a new chapter in the life of CONDA (but also for us as founders), because with this step we will become part of an even bigger whole and can lay the foundation to continue to grow CONDA successfully in the future. Docking on the startup300 ecosystem opens a lot of new possibilities for CONDA. In the future, we will cover the entire corporate financing lifecycle and work with the startup300 team to develop new products and services for startups, SMEs and private investors. We also get the opportunity to work closely with companies such as Pioneers, Startup Live, think300, factory300 or Talent Garden to develop common activities. This great network will result in exciting projects and products for CONDA.

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Vienna, September 5th, 2018 – CONDA AG – founded in Vienna, the European-wide crowdinvesting platform CONDA sets new standards regarding the processes and procedures for security tokens and is therefore becoming a pioneer in the field of "digitalization" of company shares. This is the first digitalization of shares of an Austrian stock corporation. The purpose of this transaction was to link the registered shares issued by CONDA AG with digital tokens and to transfer these to the existing shareholders of the company. CONDA AG is one of the world's pioneers in Europe, building a platform for issuing security tokens.

The DACH and CEE market leader connects companies in need of financing with small investors on a professional level. At CONDA, innovative startups, established SMEs and real estate projects present themselves and convince the crowd of their growth plans and visions.

Now the two CONDA founders Paul Pöltner and Daniel Horak, with the help of Schönherr lawyers, were able, under the leadership of Dr. Ing. Thomas Kulnigg, to realize one of their visions and develop a platform for companies to implement their shares on the Blockchain in Europe.

Tokens are digital units that are created and issued to shareholders on the basis of a protocol in blockchain (distributed ledger technology) exclusively by CONDA AG. Each token represents one no par value share. When a token is transferred from one shareholder to another, an (inoperable) entry in the blockchain is created; on this basis, an entry is then made in the share register of the company. The transfer of a token is therefore equated with the (conventional) transfer of a share.

From a legal point of view, the transaction was challenging because the question of the admissibility of the segmentation of registered shares in the form of tokens has neither been discussed in literature nor in the high court until now . Furthermore, there are no guidelines on the legal implementation of the "digitization" of shares.

"Together with Schönherr, CONDA has created the basis to offer crowd shares that will then become shareholders in the company, which is a big step in crowd investing and the implementation of security tokens," said Paul Pöltner, co-founder of CONDA.
About CONDA and her other plans

CONDA is a crowdinvesting platform founded in Austria that acts as a link between entrepreneurs and investors. In accordance with their motto, "realize great things together," the platform creates the basis for promising business ideas. In addition, CONDA offers a white label solution for companies, which includes the basic framework of the the modern, long-term tested CONDA platform – individually adaptable to the needs of the respective company.

With the CRWD-Network planned in 2019, the two founders Paul Pöltner and Daniel Horak want to set new standards for the processes and procedures in crowdfunding. These should be valid across borders and therefore simplify the possibility of investing in international companies. With the use of blockchain technology, entrepreneurs will be given the opportunity to present their crowdfunding campaign online across multiple platforms and across borders without much effort, which multiplies the reach of potential investors virtually with just a click. An essential element of this strategy is that with the CRWD Network future security and equity token offerings are carried out. Thus, investing – even financing millions of Euros – is being made globally accessible and possible in no time.

Each investor of the CRWD Network can immediately invest in every project in the CRWD Network after a one-time whitelisting process (identification according to valid guidelines such as KYC / AML). The tokenized investments can then be traded, transferred and sold across borders, which represents a milestone in crowdinvesting. So far, the projects of such security ICOs have focused mainly on decentralized platforms and very specific regions. Now CONDA makes token investing possible across Europe. The use of CRWD Tokens automatically pays the fees incurred through transactions in the CRWD Network to CONDA – in return, the demand for services in the CRWD Network increases the value of the CRWD Token. The planned crowd sale of the tokens will take place in Q4 2018.

Since its foundation in 2013, more than 100 projects with a total volume of over 20 million euros have been financed by more than 10,000 crowd investors. For more information please visit www.conda.at and ico.conda.online.

Press Contact: Renata Fourmanova | talkabout Kommunikationsbertaung T: +43 664 4037930 | E: [email protected]

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