Crowdsale is Live on SAFTLaunch

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. Rights to receive future MATEs are currently available for sale as a SAFT (Simple Agreement for Future Tokens) on SAFTLaunch.com, and will be sold in a series of offerings at decreasing discounts.

The Augmate SAFT with rights to receive MATE tokens is ONLY available on SAFTLaunch.com. 

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.

  • S-1 for our earliest investors.
  • S-2 to begin in January 2018 starting at a 30% discount from final price
  • S-3 to begin in February, 2018 or upon filling S-2 at a 24% discount from final price
  • S-4 to begin in March, 2018 or upon filling S-3 at an 18% discount from final price
  • S-5 to begin in April, 2018 or upon filling S-4 at a 12% discount from final price
  • S-6 to begin in May, 2018 or upon filling S-5 at a 6% discount from final price
  • S-7 to begin in June, 2018 or upon filling S-6 at a 0% discount and will represent the final price

 

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 represented by the SAFT.

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 only

  • 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

 

To participate in the Offering, purchasers will need to first register on SAFTLaunch.com.  This process requires, for U.S. Persons, evidence of accreditation status pursuant to Section 506(c) of the Securities Act standards.  This can be satisfied in one of two manners: submitting evidence proving asset worth, or providing the contact information for their lawyer or CPA to attest on such Purchaser’s behalf.  Additionally, Purchasers will need to provide entity information such as address and social security number or tax ID number to pass a KYC (Know Your Customer) and AML (Anti Money Laundering) checks.

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 SAFT 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 SAFT sale.  This press release is neither an offer to sell nor the solicitation of an offer to buy the SAFT 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.

Share This