The Elephant Cometh! Platform is Tokenizing Equity Rights of Private Companies
The project offers a practical solution combining the best of crypto and traditional investment opportunities.
While the cryptocurrency industry is experiencing explosive growth, it is still in its infancy, which makes the crypto market a highly volatile, controversial, and sometimes hazardous place. Lack of regulation forces crypto investors to search for safer and more conservative investments options. On the other hand, traditional investors are growing more interested in the crypto market but still hesitate to deal with volatile and risky tokens.
Meanwhile, the current situation on the private secondary market demonstrates that more and more companies tend to stay private for longer periods. This creates additional problems for stockholders who would like to liquidate their shares but have no option other than wait for an eventual initial public offering (IPO). At the same time, there are lots of potential investors who would gladly buy these shares but cannot get access to them before an IPO.
The Elephant cometh!
The Elephant platform (formerly PrivatEquity.biz Platform) offers a solution that connects the players in the secondary market and eliminates such liquidity issues. What is more, it aims to combine the best of the crypto market and traditional investments. The team behind the project is introducing the first tokenized online platform, which is designed to act as a bridge between secondary investments and blockchain technology.
On the one hand, it will allow cryptocurrency holders to get access to more secure investment opportunities and to invest in next-generation tokens backed by real assets, such as previously inaccessible shares of pre-IPO private companies.
On the other hand, shareholders will be able to tokenize their assets and thus unlock their value before an IPO event. Such equity rights tokenization improves the liquidity of the assets while also providing investors with much safer and regulated access to the crypto community. In this way, it ensures more conservative investment options in the crypto market.
Besides, innovative blockchain technologies will improve the transparency of assets in the secondary market, make them as liquid as cryptocurrencies, and minimize transaction costs. Moreover, The Elephant platform will facilitate share transfers and payment processing.
Finally, The Elephant intends to offer a low entry point, which opens the secondary market to more players.
Unlike many other projects, The Elephant was established in 2014 and currently has a fully operational platform, selling shares of popular tech companies. The number of investors registered to the platform exceeds 2,000, with more than 20 pre-IPO tech companies listed for sale.
However, the venture aims to expand and tokenize its platform by introducing it on the crypto market and connecting it to blockchain technology. To turn it into a leading global tokenized secondary market platform offering a wide range of liquid investment opportunities, The Elephant will provide the community with its Private Equity Tokens (PEC) - the first security tokens backed by shares of promising private companies worldwide.
The Elephant ICO details
The total supply of PEC tokens is limited to 140 million, with only 35% of them available for allocation to purchasers during the token sale. The ICO exchange rate of 1 PEC is set at $1. The project developers hope to reach a hard cap of $42 million.
Next, PEC holders can purchase equity-backed dedicated tokens enabling investment in the shares of leading pre-IPO companies and other opportunities offered by the platform.