Dreamr, Inc. is officially announcing the first-ever Security Token Exchange Offering (STEO) to the general public, which will be held on October 1st, 2019. Utilizing Regulation S, Dreamr is offering it’s Digital Security (DRMR) to non-U.S. persons through the Initial Exchange Offering format in partnership with IDCM.
The DRMR STEO was first mentioned by CEO Chris Adams during his presentation at the BlockChance Startup Pitch Competition to a room of investors. Dreamr went on to win the competition and was awarded a €50,000 investment from Dr. Evan Luthra.
“We’re grateful to our partners for all the work that made this offering possible, and we’re excited to give the international dreamr community access to an early-stage investment round normally reserved for accredited investors and funds.” commented Chris Adams, CEO of Dreamr, Inc.
Strategic advisory firm Pirate Capital, lead by Joseph Bar-Katz, Esq. and Ms. Hirsch, prepared the offering under Regulation S, which excludes U.S. residents from participating. Pirate Capital LLC is a disruptive strategic advisory firm, with founder Joseph being a securities and capital markets veteran who has helped pioneer the use of Regulation A+, the crowdfunding framework which projects offering tokenized securities are expected use for public offerings within the United States.
Joseph Barkatz, General Counsel of Pirate Capital said:
“This Security Token Offering pursuant to Reg. S is in full compliance with SEC guidelines, and regulations, and should allow for the DRMR Token to be soon available internationally.”
The project team has been creating the dreamr platform independently for over 3 years, and testing has already been performed with 2,400 testers from 23 countries. The related Instagram community has grown to over 13 thousand individuals and preliminary registration of users has already opened. With the dreamr platform set to launch at the end of the year, the time has finally come for the DRMR Token Offering.
IDCM is a top 15 cryptocurrency exchange according to CoinMarketCap and is experiencing rapid growth. IDCM offers innovative financial products such as fiat, securities, and cryptocurrency trading available via its web and mobile applications. The IDCM Alliance is a collective of partner exchanges that together provide deep liquidity pools for listed tokens and digital assets.
The date of the STEO crowdsale: October 1st, 2019.