Augmate Connect™

“In the next 20 years, we will see one trillion Internet of Things devices”

—Masayoshi Son, CEO of Softbank

We believe that a distributed ledger technology is the future of connected device security and interoperability. Augmate was the first wearable device management platform and we are now the first in IoT device management using distributed ledgers. We are launching the MATE™ token (Machine Access Token Exchange) to create a platform where all can participate in the rise of a global ecosystem of devices and human connectivity, beginning with enterprise but quickly moving to the consumer space.

Our MATE™ Token

The MATE™ token (Machine Access Token Exchange) was designed to allow anyone to participate in the rise of a global ecosystem of human and device connectivity, starting with the enterprise and quickly expanding to the consumer space. The Augmate ICO with rights to receive MATE tokens is only available on CoinList.

The Longer Road

Augmate believes that smart decisions come with knowledge. Our Token sale using a SAFT is structured to give time for the decision. There are benefits for coming in early but we want those who invest to understand what we are about. Explore, ask us questions and join us on the mission to create unified device management without fear of compromise.

Discounts and Vesting

The sale is set up as a series of base-line discounts that are a combination of time and raise hard caps. Prior to token release, investors in the Augmate SAFT will have the chance to choose additional discounts from 2-6% for vesting periods from 1 to 3 years.

A Series of Discounts

The time and non-vesting discount schedule is as follows. The hard cap for each S is $10 million U.S.
Series Begins Ends Discounts
S-1 Dec 15 Jan 15 Closed
S-2 Jan 16 Feb 28 Closed
S-3 Mar 1 Apr 25 Closed
S-4 Apr 26 May 10 Closed
S-5 May 11 May 25 Closed
S-6 May 26 Jun 15 Closed
S-7 Jun 16 Jun 30 Closed

Calculating the Tokens Purchased

The amount of final tokens received by the SAFT investor will be: Amount Invested converted to U.S. Dollars divided by (1-discount percentage) divided by final price of token represented by the SAFT. Put another way: Amount Invested = Number of tokens received multiplied by (1-discount percentage) multiplied by final price of token. (final price has been set at $ .01 per MATE)
Our anticipated final price of the token as represented by the SAFT will be $ .01 or 1 U.S. cent. With this in mind, an example would be (for illustrative purposes):

  • 1,428,571 tokens received upon distribution
  • $10,000 invested
  • 30% discount rate
  • $ .01 per token as final price

$10,000 = 1,428,571 x .7  x $ .01

Total MATE Tokens Created: 50 Billion

30% will be sold in the Crowdsale 35% will be held as future rewards for users of the platform 15% to be used for the MATE Foundation to Encourage usage of the platform and manage the rewards tokens 15% for Founders and Team Members with a 3 year, even vesting schedule 5% for Early Advisors and Service Providers

INVESTORS

CUSTOMERS

FOUNDATION

FOUNDERS

ADVISORS

Contingency & Flex

Set aside for ensuring there is funding for opportunistic and strategic needs.

Operations

Organization structure and management. Ensure culture is pacing with growth. Attend to financial governance and overall business needs.

Future Funding Use

Marketing

Accelerate global marketing and sales push, support positioning, awareness and penetration of target accounts

Engineering

Build-up of engineering teams in San Francisco, Ukraine and Asia.

R&D

Focused specifically for target industries including healthcare with the goal of creating interoperability systems.

Note Regarding Forward Looking Statements. Certain statements and information in this communication may be deemed to be “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements regarding the completion and timing of the ICO sale and security token offering and our planned use of any proceeds of such sale and offering, and all statements (other than statements of historical facts) that address activities, events or developments that the Company intends, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments of the Company’s management as of the date hereof. 

The Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance. Whether actual results will conform to expectations and predictions is subject to a variety of known and unknown risks and uncertainties, including the terms and timing of the ICO. This press release is neither an offer to sell nor the solicitation of an offer to buy the ICO or any other securities, and no offer, solicitation or sale will be made in any jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale is unlawful. The securities described herein have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

Token Sale

Our Token Sale has ended!
Thank you to all our investors and supporters.

Q&A

What is Augmate?

Augmate was founded in 2013 as a B2B enterprise company specializing in managing and provisioning wearable devices. Augmate was both an original Google Glass@Work Partner and recognized as a Gartner Cool Vendor in 2017. Consumers will be a major part of Augmate’s future. Our platform will expand to include consumer-focused device management to allow everyone to realize the benefits of securing and managing their IoT devices. Although the original business vision was focused on wearable device management, we understood the need for a human-to-machine management platform for all IoT devices that takes both security and speed into consideration. Augmate’s current vision is to create a single management and provisioning system for IoT environments using our Augmate Connect platform coupled with distributed ledger protocols.

Where is Augmate based?

Augmate is based in New York but has a global footprint with offices in Silicon Valley, Amsterdam, India, and Ukraine. We are also collaborating with business partners in Mexico to expand our Center of Excellence capabilities and to better service Latin America.

What is the Augmate Connect platform?

Augmate Connect will be the premiere platform for the provisioning and management of IoT devices using protocol agnostic blockchain and distributed ledger technology. 

When is Augmate Connect going to launch?

The platform is expected to have its commercial launch in 2019.

Is Augmate open source?
Although Augmate will be leveraging multiple open source protocols, our core platform is not open source at this time. As we develop our own in-house blockchain protocol to be used in conjunction with our Augmate Connect platform, we may consider making it open source due to the typical open-garden nature of distributed ledger protocols.
Why is Augmate going enterprise first?

Augmate has always been enterprise-facing and will strategically launch the commercial platform first. We will then refine and polish the product during its initial rollout prior to consumer deployment in 2020.

When is the Token Sale?

Our Token Sale started on December 15th, 2017 and ended June 30th, 2018.

What is the total supply of tokens?

The total supply of MATE tokens is 50,000,000,000 (50 billion). 30% of tokens were made available for the crowd sale. 

What happens to the unsold tokens?
Unsold tokens will be added to the MATE Foundation to encourage use of the platform, bring on potential partners, and maintain our rewards pool.
Is there a vesting schedule for the tokens?

Our tokens will vest late summer of 2019. In order to be compliant with SEC guidelines, there will be a one-year lock up for our MATE tokens. Team members and founders will have a 3 year, even vesting schedule.