Cru Coins

Cru Coins

Created using Figma
Created using Figma
Tokens designed to fund an art exhibition by Corp Cru.
Sale
Jun 1, 2017
Jul 31, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
TM-CRU
Company Details
Registered Country
United States
Additional Details
Categories
Cryptocurrency, Media, Entertainment

About Cru Coins

What are Cru Coins?

Cru Coins are digital tokens in the planning stages of development. The tokens will be sold in order to facilitate funding the expenses in connection with a world tour of “Corporation“; the popular art exhibit featured in Yahoo Finance and The Daily Beast.

Cru Coins are used to collateralize the value and sale of the Corporation exhibit through self actuating smart contracts.

Distributed Participation

As the tour of the exhibit progresses and as media coverage intensifies, the popularity of Corporation will grow. As popularity grows, the value of the exhibit will rise until the exhibit is sold. When the exhibit is sold, Cru Coins will be redeemed.

The expected size of the token sale is USD $1,000,000. The proceeds of the sale will be used to fund the tour and to pay for administrative and operating expenses.

The uniqueness of the tokens lie in the smart contracts that govern the life of the tokens.

There are four main smart contract governance features planned for Cru Coins:

  • Sale – Tokens will be sold to Non-US residents only by the licensee under a license agreement between the licensee and Corp Cru, the creator of the exhibition. Proceeds from the sale of the tokens are deposited into escrow. Escrow release is conditional upon acceptance of the terms of the contracts by the purchasers.
  • Collateralization – Tokens will be backed by (“collateralized”) and will track the value of the exhibit until a sale of the exhibit is completed.
  • Trading – Tokens purchased on the ICO will be governed by a lock (“Lock”). 20% of the tokens purchased on the ICO will be released every two weeks. Exceptions to the Lock will be based on exchange market conditions at the time of resale. Exceptions to the Lock will be governed by the purchase volume and frequency of additional unique purchasers of tokens after the ICO.
  • Redemption – Tokens will be redeemed upon the sale of the exhibit after the tour. Proceeds of the sale of the exhibit will be deposited into escrow and will facilitate redemption of tokens.

Features

- Cru Coins are used to collateralize the value and sale of the Corporation exhibit through self actuating smart contracts
- The proceeds of the token sale will be used to fund the tour and to pay for administrative and operating expenses
- When the exhibit is sold, Cru Coins will be redeemed

Activity

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