Mycelium Token Sale Agreement (PDF)
Buy Share Of Mycelium
Mycelium has been one of the longest running and most widely used wallets in the market. Today Mycelium stands on the threshold of the great new upgrades and, accordingly, the new opportunities. Among them are:
-- API that will satisfy the needs of many third party services waiting to integrate;
-- The new DAPPs initiatives such as colored coins and new PoS blockchains that will open new opportunities;
-- The massive UI/UX rework that extends the “handle money” paradigm to multifaceted concepts of personal finance, value administration, and social interaction.
We have been privately funding the development for many years. We are now at a stage where Mycelium can be turned into a money making machine. We invite you, our valued user, to take part in this great adventure.
Buy Share Of Mycelium
What We Offer
5% of nondilutable Stock Appreciation Rights in the MYCELIUM WALLET Project, (“SARs”) which are issued in the form of colored coin tokens (“Mycelium Tokens”) potentially convertible into class B non-voting shares of Mycelium SIA.
Sales Event and Time Window
The sale starts on May 1st, 2016, at 23:59 PST and ends on May 18th, 2016 at 23.59 PST.
Rights of the
Mycelium offers SARs related to Mycelium SIA stock through Sale Event by way of sale of Mycelium Tokens. A total number of Tokens sold will be equal to SARs for 5% of total stock of SIA. After the closing of Sale Event for the SARs conducted by Mycelium, Participant will be assigned SARs based on the number of Tokens purchased.
After the Sale Event’s closing Participant will have perpetual SARs with no expiration date. SARs shall not be diluted by any subsequent grants of SARs or options and Tokens will represent the same amount of SARs as determined after the Sale Event’s closing.
Ownership, Resale, Assigning, Trading
With the closing of the time window mentioned above, the Mycelium Tokens will be distributed to the buyers. The technical instructions will be provided beforehand. After the distribution owners are free to use the Mycelium Tokens at their own discretion (sell, gift, pledge, etc.).
Mycelium on this site means the Mycelium Wallet project alone. The Mycelium Tokens are a software product representing the SAR contracts related to Mycelium SIA. The Mycelium Token is not a security, it is not listed, authorized, issued or traded on any regulated market, it is a promise to the Mycelium Tokens Holder, which grants a right to participate in value increases of the project held by the Company.
Mycelium Token owners may sell their tokens to any third party. Tokens may also be sold to the Company itself, but only in the event that the Company offers a redemption of the tokens. The purchase is not refundable.
Information and Publication
The holders of the Mycelium Tokens are informed regarding the development of the Project and upcoming investment events, share sales and other important events on the Project website and by email .
This sale of tokens event is governed by Cyprus laws. By participating in it, you represent that you have the legal capacity and authority to enter into a binding legal agreement and agree to all terms and conditions stated on the website. As the Sale Event is conducted electronically, any Participant can take part in it.
IT IS PARTICIPANT’S DUTY TO COMPLY WITH ALL APPLICABLE LAWS OF PARTICIPANT’S JURISDICTION, INCLUDING BUT NOT LIMITED TO BITCOIN REGULATIONS, TAX AND CONTRACTS LAWS. MYCELIUM OPERATES UNDER CYPRUS LAWS AND HOLDS NO RESPONSIBILITY FOR YOUR CONDUCT, AND WILL NOT WITHHOLD ANY TAXES FOR YOU. YOU ARE ADVISED TO SEEK AN INDEPENDENT LEGAL COUNSEL PRIOR TO SIGNING THE “TOKEN SALE AGREEMENT”.
All sales will be final and will not be refunded or redeemed unless expressly stated in the Token Sale Agreement. Tokens purchased in this Sale Event are a software product granting the SARs related to Mycelium SIA. Token is not a security, is not listed, authorized, issued or traded on any regulated market. Mycelium does not guarantee in any way that the value of Tokens will increase, nor that Tokens can be sold to any third party at any time.
How will I be able to control whether mycelium actually follows the development path it declares here?
By selling tokens on the open market if you don't like what is going on.
Will I need to actually sign something? Will you ask for my ID copy?
Not now. The fact of tokens purchase will mean that you agree with the Token Sales Agreement terms.
Is This First Round Potentially the Most Profitable?
So, How Many % Share Will I Own If I Invest This ____ Much?
In the future, you will have an option to convert to shares in the amount of 5% multiplied by your tokens USD value divided by all sold tokens value if the conversion conditions are met.
What Happens If BTC Price Collapses in the Future?
It doesn't matter, the valuation takes place in USD.
Will I have Any Voting Rights?
Why Don't You Guys Sell some Regular Shares?
It is both expensive and inefficient.