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Water on the Blockchain: Austria starts the first Security Token Offering

the Austria creates the breakthrough in the area of Security Token Offerings. The Austrian financial market authority (FMA) has on 26. November, the capital ma

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Water on the Blockchain: Austria starts the first Security Token Offering
the Austria creates the breakthrough in the area of Security Token Offerings. The Austrian financial market authority (FMA) has on 26. November, the capital market prospectus of the hydro-miner IT-Services GmbH allowed. Thus, it can act on the Security Token in the future, enjoyment of rights for H3O in the value of up to EUR 75 million.

By Phillip Horch
28. November 2018 share Facebook Twitter LinkedIn xing mail

Once the funding model for the ICO is more and more into criticism, to Security Token Offerings to be the next promising investment opportunity. The STOs are the ICOs is not dissimilar. Just a little bit safer. With a Security Token, businesses can spend a Token, which you can compare stock. In contrast to the ICO property rights of the investors here. In the case of Utility Token (which will be distributed among ICOs) this is not the case. The functions and output of the Token governs a Blockchain via a Smart Contracts. The on the Blockchain stored tokens represent, ultimately, the rights of the Token holder at the respective companies.

Now, an Austrian company enters this new territory. According to a press release from the law firm of Stadler Völkel, the ECHO is BTC, the company is the first in the European Union, which leads to a STO.

Details on the Security Token Offering of hydro-miner

The corresponding Token of the hydro-miner hot H30-Token and secure the holders of "qualified subordinated profit-sharing rights":

"the owner of H3O Token [...] the right business decisions from the hydro-miner actively shape it. This say [goes] with that of shareholders and allows investors to be active in the decision-making process. In addition, the investment conditions, a kind of a sell right in the event that a qualified majority of the owners of the hydro-miner to sell their shares.“

Furthermore, the H3O-Token as the key and vis-à-vis hydro-miner as a holder of the securities to be shown. This applies for withdrawal as well as for the exercise of the H3O-Token associated rights.

hydro-miner, conducted in the last year, ICO – you could invest with the H2O tokens in a primarily eco-friendly Bitcoin Mining. The associated Token are then available for Bitcoin Mining units of time.

The H3O-Security-Token is a novelty on the crypto-market. Accordingly, joyfully, the legal Department of hydro-miner:

expresses, "With the approval of the first capital market prospectus of a Security Token Offerings within the EU, we have not only set a milestone for the industry, but also for Austria as a business location. In particular, we are pleased that we can continually advise you on the legal fine-tuning in the Blockchain application forms and within the Community trust as a highly specialised Partner in the Blockchain-the area to enjoy.“

Arthur Stadler, Stadler Völkel lawyers explained.

A drawing is from the 1. February 2019. The offer is made exclusively in Austria and Germany on the Basis of the on 26. November 2018 approved capital market prospectus, can be found on the Website of the hydro-miner.

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