STARAMBA SE successfully completes sale of its own crypto currency STARAMBA.Token - tokens already successfully listed on the stock exchange - market capitalisation of over USD 250 million
Berlin, 06 December 2018
STARAMBA SE (XETRA: 99SC) has also successfully completed the public sale phase of its Initial Token Offering (ITO). After the pre-sale phase of the company's own crypto currency STARAMBA.Token had already been very successful in mid-June with the sale of 100 million tokens within two days, a further 290 million of the offered tokens have now been sold in the public sale. The total revenue from the two sales phases thus amounts to more than EUR 18 million.
The remaining 160 million STARAMBA.Token from the token sale will remain with the company and can now be purchased in the STARAMBA web shop for rates from USD 0.25 upwards per token. This tranche in particular addresses users of the VR platform STARAMBA.spaces who do not have a crypto currency wallet or do not wish to purchase one.
Using STARAMBA.Token, fans can purchase exciting products for the virtual reality platform STARAMBA.spaces. The STARAMBA.Token also functions as a peer-to-peer payment method among users and is also accepted as a token by advertising partners.
The STARAMBA.Token (STT) has been traded on the Dobitrade Exchange (www.dobitrade.com), one of the world's largest global crypto currency trading platforms, since the end of November 2018. Market capitalization has since moved between USD 250 and 300 million. Over 60% of the tokens still belong to the company.
'Two of STARAMBA's most important future projects are now being launched: our virtual world STARAMBA.spaces and the associated blockchain solution with the STARAMBA.Token attached to it. Both products are unique: While the fans in the spaces can meet each other as well as their idols from sports, music and entertainment, our token revolutionizes the licensing industry with the underlying blockchain solution. Both products bring immediate revenue. The token has already been launched via the Initial Token Sale and the Spaces will start their property auctions on December 12 of this year. There is already a great demand to acquire a virtual neighboring property next to the Allianz Arena or Paris Hilton's villa,' says Christian Daudert, Chairman of the Board of Directors and Managing Director of STARAMBA SE.
Staramba SE (ISIN DE000A1K03W5) - General Standard/Regulated Market
About Staramba SE
The Staramba SE from Berlin (XETRA: 99SC) is a virtual reality (VR) pioneer with unique hardware and software expertise. The flagship project is the development of the world's first social VR network with lifelike avatars STARAMBA.spaces: a new virtual world in which fans can interact up close with international stars from sport, music and entertainment. Photorealistic avatars that do not exist in any other platform and the integration of social media channels make STARAMBA.spaces a unique VR experience. With STARAMBA.token, the company issues its own crypto currency for the platform. It serves as ingame currency and for simplified billing of licenses in STARAMBA.spaces. The VR pioneer has also built the world's most comprehensive database of photorealistic 3D models of top international stars, which are sold via its own online shop. These include footballers from top teams such as the DFB-Elf, FC Bayern Munich and Real Madrid or superstars of the NFL and WWE. Another business area is the 3D-INSTAGRAPH(R) photogrammetry scanner developed by Staramba. This enables certified partners to scan consumers and generate photorealistic 3D avatars for a wide variety of applications. The use of such avatars will substantially change the economy in the future. Staramba SE is listed in the General Standard of the Frankfurt Stock Exchange.
This release contains forward-looking statements based on current experience, estimates and projections of the management and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of Staramba to be materially different from those that may be expressed or implied by such statements. Forward-looking statements therefore speak only as of the date they are made. Staramba does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.
For further information, please contact: Staramba SE; Marc Heydrich, Investor Relations; Aroser Allee 66; 13407 Berlin; Germany
Tel.: +49 (0) 30 403 680 14-0; Fax: +49 (0) 30 403 680 14-1; E-Mail: firstname.lastname@example.org; www.staramba.com
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