Tokenomica News. January 2020

February 04, 2020

We are delighted to bring you the first edition of Tokenomica News in 2020! Here you can find what we’ve been up to for the last month.

Updated User Profile

One of the first updates of the year is the new profile page on Tokenomica. In order to ease up the navigation and asset management, we have decided to redesign the profile page.

Why we have updated the user profile?

There are 4 different types of assets available on Tokenomica right now: smart securities issued on the platform, utility tokens traded on the exchange, utility tokens that will be swapped and fiat assets — only Euro for now.

For convenience, we have separated marketplace investments and crypto assets in two separate categories.

Utility-to-Security Swap

As we have announced previously, Karma SME loans exchange will be the first company to convert utility tokens offered through an ICO to the tokenized equities on Tokenomica.

As the conversion is scheduled to start later this February, our development team has prepared all the necessary updates for the swap. New components will be launched on the platform together with the beginning of the swap, for now, you can have a sneak peek at how the new feature will look.

Company page on the Marketplace. If company will have both Swap and additional funding round, you will see a switch on the right side of the screen.
The Swap is designed with same logic as the investment process

Tokenomica has Completed the First Legally Compliant Equity Token Offering in Estonia

Another significant achievement of the past month is the completion of our ETO campaign.

We have showcased the full process in our blog already, feel free to have a read and share your thoughts with us.

Long story short, we were able to increase the share capital of Nominee TKN OÜ by indicating the invested BTC as a non-cash consideration for the allotted tokenized shares. The share capital was increased by EUR 3000, as 3000 shares were sold with a nominal value of 1 EURO. We were the first ones to proceed with the process and were able to complete the procedure on the first try!

Secondly, we have included all new shareholders in the list of shareholders maintained by the Management Board of Nominee TKN OÜ. All the tokens that are held by the smart contract now confirm that the owner of the token has been included in the list of the shareholders and holds the share with established nominal value.

SWIFT Euro Payments to Launch in the Next Month

As you know, we have already launched Euro on Tokenomica in the test mode this November. Last month, we were completing the last steps to launch Euro for all users using the SWIFT payments system.

We expect that feature will be launched this February or at the beginning of March at the latest. For now, we can share that the first deposit and withdrawal using the SWIFT system were already completed by our CTO last week.

? The first Euro withdrawal using the SWIFT system on Tokenomica. 

And that’s mostly it. Of course, we have several other features in development and we will be glad to share more details with you in the next issues of Tokenomica News. Stay tuned and enjoy your day.

If you have any questions regarding the future development of Tokenomica, feel free to join our chat and as always we are more than willing to hear any feedback and thoughts from you.