| The name of the base system (platform): | Projects based on blockchain technology |
| Developers: | Sprinkle Group |
| Date of the premiere of the system: | May, 2019 |
| Branches: | Financial services, investments and audit |
2019: Start of service
In the middle of May, 2019 Sprinkle Group announced start of the first blockchain platform for initial public offering. The companies will begin to make the IPO on this platform under the name SprinkleXchange in June.
The IPO platform created on a basis Ethereum blockchain system is expected the companies with market capitalization from 20 million to $200 million. Trade in the tokenized actions and cryptocurrency on SprinkleXchange will be conducted 24 hours a day.
By May, 2019 on SprinkleXchange placement no more than 10 companies is authorized, however project owners hope to increase this quantity till 1000 within three-four years.
 | We have a magnificent opportunity to be the first here, however we understand, that this market soon will rise crowded — the CEO of Sprinkle Group Alexander Wallin says. — It as transition from VHS to streamingovy services. By Netflix made it beautifully and was the first, but now there are many websites for stream video playback. |  |
According to Uollin, by May, 2019 interest in the SprinkleXchange platform was shown by the companies from different areas including representing the real estate markets, wood processing and biotechnologies.
The head of Sprinkle Group claims that the platform will allow the making IPO companies to save time and money as many things, including the system of clearing calculations, repositories, exchange certificates, dividends and votes, are completely automated.
SprinkleXchange will levy from the companies a payment for listing in the amount of 1% of amount of the raised funds that corresponds to the commission at the exchange in Sweden, Uollin specified.
| | But you get global access, and we can show that you also receive the best liquidity — he added. | |
Legally SprinkleXchange is based in Bahrain. The local Central Bank gave to service the work authorization in so-called "sandbox" of the regulator.[1]
Notes
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