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LATOKEN BEF In London: Token Sale Of Economic Interest In SpaceX Is Coming

02 October 2019 00:00, UTC
LATOKEN BEF In London: Token Sale Of Economic Interest In SpaceX Is Coming

More than 350 representatives of VC funds, startups and blockchain experts gathered during VI LATOKEN Blockchain Economic Forum. Among the broadly discussed topics were Libra, the governance & monetary policy for digital currencies, the blockchain use-cases and upcoming LATOKEN’s token sale of USPX, an economic interest in SpaceX.

“We expect millions of potential investors to come to the capital markets and with LATOKEN they will get far easier access to existing asset classes, including idea-stage companies and Pre-IPO companies”, said Valentin Preobrazhensky during his opening speech of the 6th BEF, that LATOKEN organizes during the past years.

One of such Pre-IPO assets that attracted special attention during the forum was USPX, a token representing an economic interest in SpaceX. The space industry projected to grow sharply with a current valuation of $360 billion in 2018 to $1.75 trillion by 2040, according to Satellite Industry Association. Still, for retail investors, there is a limited ability to invest in the space industry. LATOKEN will solve it by launching the token sale of SpaceX economic interest token USPX. The 1st token sale round is scheduled on 31st October. The structure of the token sale is available on LATOKEN IEO Launchpad page.

More details on economic interest in SpaceX related token sale to come, still a number of VC funds already expressed their interest. “We are fortunate to get this exposure,'' commented about the upcoming sale Matthew Le Merle, Chairman Europe at Securitize & Managing Partner at Blockchain Coinvestors.

During the opening keynote, Matthew informed that investing in VC stage companies give the highest return on investments. “During the past 25 years Early Stage VC Index for US companies gave the most annual profit - 32%”, noted Matthew. According to the latest Cambridge Associates data, this number is even higher - 48%. It well diverse with other asset classes like fixed-income and public equities with only 3% annual return.

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