LevelNet ICO: Token Offering
Summary
The main purpose of this fundraising is for the development and launch of LevelNet with its accompanying products:
Token Name: LVL
Phase 1: Non-investment
Issuer: Level Capital
Description/Rights: Token owners will be able to use LevelNet services, the LevelNet ecosystem, and all its products, in addition to receiving use of intellectual property rights. Possession of the token gives access to the Buyback Fund and MoneyBack funds secured by a smart contract based on Ethereum. It will be possible to exchange tokens for crypto shares in the second phase of the project.
Payout Structure: A smart contract allows token owners to receive payment from the Money Back and Buyback funds starting from the 60th day after the offering.
Quantity of tokens issued: 70,000,000
Nominal Value of single token: $1.00 USD
Conditions: Tokens not sold during the TOKEN OFFERING are to be destroyed. The release of additional tokens is excluded. Trading or ownership of LevelNet with its tokens is excluded. All exchanged and redeemed tokens are to be destroyed. Tokens used at the time of subscription to access premium features, business version, API and other LevelNet services will be destroyed.
Funding requirements: Soft Cap $1.5M — Hard Cap approx. $55M
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Token Share Name: LVLS
Phase 2: Investment
Issuer: LevelNet Foundation
Description/Rights: Owners of LVLS will have ownership and profit sharing rights, owners will have rights to be chosen in supervisory committee, to nominate the members of the Director Board, to choose the Fund’s main investment and expenses directions.
In this order to implement this we hired a team of Legal and finance and investment experts to design a second phase of our strategy.
Payout Structure: Profit-sharing once the project reaches profitability.
Quantity of tokens issued: To be announced.
Nominal price per token: Fixed after market price is determined.
Conditions: Owners of LVL tokens have preemptive rights. All exchanged LVL tokens are destroyed.
Key Deal Terms
● Level Capital LLC (Level Capital) is the manager of the LevelNet project/user community and guarantor of participant rights.
● LeveL Capital issues LVL tokens, which will only be distributed during the duration of the TOKEN OFFERING.
● Level Capital will create Buyback funds and will use them to redeem tokens no later than 60 days after the date of the TOKEN OFFERING.
● Level Capital will invest assets received during the TOKEN OFFERING in operations and infrastructure development for the completion of LevelNet Endpoint Security in preparation for its commercial launch.
● LVL tokens will be sold on CryptoShare exchanges.
● As the operator of the LevelNet project, Level Capital will at determined intervals redeem the tokens in exchange for the cryptocurrency, as quoted on cryptocurrency exchanges.
● The investment phase of the project will be implemented by the roadmap.
● LevelNet Capital will create investment fund structure with the possibility of raising funds and protecting the rights of token owners. Once the British Virgin Islands investment Legal entity designed and created , all holders of the LVL tokens will be able to exchange them for LVLS tokens. All shares Newly created (or reorganised) Legal entity will be on blockchain.
● Ownership of LVLS tokens will allow for participation in the sharing of the fund’s profits starting in 2021. If the profits are not distributed, or there is none, then an option will be given for token holders to increase share participation in the fund at an optional discount.
● During the second phase, LVLS tokens will provide shares in the LevelNet project. LVLS tokens can only be redeemed using LVL tokens.
● The financing needs in this phase (product release) amount to $1.5–55 MLN. The project is evaluated by the “Development and Implementation Fund.”
● LevelNet Capital will maintain a token equity holders register.
Returns Model
Phase #1 will determine the valuation of the company and is not an investment. Each phase provides privileges for the token holders. Below is a detailed summary of the benefits and other value propositions of each phase.
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