[06.12.2018] STARAMBA SE successfully completes sale of its own crypto currency STARAMBA.Token - tokens already successfully listed on the stock exchange - market capitalisation of over USD 250 million
06th December 2018
STARAMBA SE (XETRA: 99SC) has also successfully completed the public sale phase of its Initial Token Offering (ITO). After the pre-sale phase of the company's own crypto currency STARAMBA.Token had already been very successful in mid-June with the sale of 100 million tokens within two days, a further 290 million of the offered tokens have now been sold in the public sale. The total revenue from the two sales phases thus amounts to more than EUR 18 million.
The remaining 160 million STARAMBA.Token from the token sale will remain with the company and can now be purchased in the STARAMBA web shop for rates from USD 0.25 upwards per token. This tranche in particular addresses users of the VR platform STARAMBA.spaces who do not have a crypto currency wallet or do not wish to purchase one.
Using STARAMBA.Token, fans can purchase exciting products for the virtual reality platform STARAMBA.spaces. The STARAMBA.Token also functions as a peer-to-peer payment method among users and is also accepted as a token by advertising partners.
The STARAMBA.Token (STT) has been traded on the Dobitrade Exchange (www.dobitrade.com), one of the world's largest global crypto currency trading platforms, since the end of November 2018. Market capitalization has since moved between USD 250 and 300 million. Over 60% of the tokens still belong to the company.
"Two of STARAMBA's most important future projects are now being launched: our virtual world STARAMBA.spaces and the associated blockchain solution with the STARAMBA.Token attached to it. Both products are unique: While the fans in the spaces can meet each other as well as their idols from sports, music and entertainment, our token revolutionizes the licensing industry with the underlying blockchain solution. Both products bring immediate revenue. The token has already been launched via the Initial Token Sale and the Spaces will start their property auctions on December 12 of this year. There is already a great demand to acquire a virtual neighboring property next to the Allianz Arena or Paris Hilton's villa," says Christian Daudert, Chairman of the Board of Directors and Managing Director of STARAMBA SE.