The Unique Story
We have been helping startups in the technology and internet startup sectors to raise funds through our exclusive network of investors for the past 15 years. Since 2016, we have focused on Blockchain and new ecosystem startups and have been helping tens of ICOs and lately IEOs and STOs to reach the needed hard caps.
Fundraising is neither a technical nor a marketing task, it's an own ball and must be done in the proper way by its own skilled people. We have 9 of the best fundraising agents in the industry, all of them are seniors, retired CEOs of large IT or financial companies and doing te fundraising to help startups.
The call center addresses 22000 investors and the calls are the most effective way to bring investors on board. An investor in our system has passed the KYC and proved a record of 100K USD per investment size.
In 2018, we finished 23 IEOSs/ICOs/STOs, 22 of them reached the full hard cap. Totally we raised 870M USD during the year Hoping that 2019 will double this volume. Our clients are from US, Europe, Asia, Australia and Canada.
Proven methodology in the fundraising from private and institutional investors secures reaching the full hard cap.
Our advisors make sure the crowdfunding cycle is done in a prestigious and prosperous fashion.
We organize investor events, summits and conferences, to give your project a full exposure.
Our platform and procedures are KYC/AML compliant. We guarantee full security and safety thoughout the whole fundraising process.
how can we help you ?
Fundraising is an own ball and must be done in the proper way by its own skilled people. We have 8 of the best fundraising agents in the industry, all of them are seniors, retired CEOs of large IT or financial companies and doing te fundraising to help startups. The call center addresses 22000 investors and the calls are the most effective way to bring investors on board. An investor in our system has passed the KYC and proved a record of 100K USD per investment size. In 2018, we finished 23 IEOs/ICOs/STOs, 22 of them reached the full hard cap. Totally we raised 870M USD for our clients during the year Hoping that 2019 will double this volume. Our clients are from US, Europe, Asia, Australia and Canada.Contact Us Now
Crowdfunding is not new, it has a long history, but gained popularity in the ICO wave and still a very effective way to fund new high tech startup built on the Blockchain. Despite the slow down of crowdfunding with the start of 2019, we have been lucky to manage marketing campaign that are showing success in raising hard caps of average size. IEO and STO are giving the fundraising new energy.Contact Us Now
Community management: On all the channels is a joined responsibility as the ICO team has to be active to serve their community. Advisory & Team Invitation: Inviting advisory team. The agency can provide an standard advisor agreement template. ICO Tracking Submission: Submission to 170 ICO tracking sites. At least 50 are guaranteed, including the top ones. PR Broadcasting: Broadcasting press releases to 2000+ News sites and media. The client should contribute in the creation of the PR. YouTube influencers: Get a loyal audience for your ICO from the leaders of the YouTube blockchain community. Opinion Leaders: You will get reviews from top-rated media blockchain bloggers and blockchain expertsContact Us Now
One-to-one investor introductions through our Investor Hotline (Call center). Our senior, high caliber fund managers call personally to investors and introduce the ICO opportunity. We have 8 of the best fundraising agents in the industry, all of them are seniors, retired CEOs of large IT or financial companies and doing te fundraising to help startups. The call center addresses 22000 investors and the calls are the most effective way to bring investors on board. The definition of investors in our system, is only the entity that's proved to invest 100k or more per deal. We do not go for lower than 100k when we close cases.Contact Us Now
Since October 15th 2018, the Norwegian government has released a full act allowing companies to work legally in the virtual money landscape. The new law focuses on the AML/KYC routines and procedures to enable financial companies to qualify as a legally financial service provider. MiRAK is offering the full package of incorporation as follows: - Incorporating of a Norwegian limited responsibility company. 1BTC - Establishing of a corporate bank account with a full online access, possibility to add USD and EUR currency account. 1BTC - Applying for the full financial license, including the D-number for EU citizens. 1BTC The process for part 1-2 takes about 1 week. Part 3 takes 3-5 weeks after registering the company. The original page for the law can be found here (use google to translate it)Contact Us Now
We are unique
Highly qualified fundraising agents with years of experience
Our experts will maintain the regulatory requirements for your project
We are available to support and advise when the project needs
Our commission based model ensures a win-win partnership
Due to the large interest in our services, we had to remove the testimonial and portfolio section. Our clients have been subject to tens of calls every day asking for reference about us.
We really understand that no client has the capacity to serve such traffic and apologize to our clients who have been overwhelmed by such unwanted overload. Some of them has reported over 40 calls in one day.
The solution is an affordable and easy to install on almost any website hosting plan.
The platform has a customizable front-end website that includes everything a real ICO/STO/IEO needs to show to its investors/clients. The site includes a front page, token counters, banners, whitepaper section, road-map, etc.
The back-end gives the administrators a full control over the whole environment including generating the tokens, editing the contents and graphics, managing the sales through all phases, powerful transaction and money management tools, and much more.
Our platform is built of 3 different part: 1. The landing page ICO/STO/IEO website. demo http://macrodox.com/
2. The Investor Dashboard: Signup on the site and login to see what powerful tools are made available for your investors and token buyers. http://ico.macrodox.com/register
3. The ICO/STO/IEO Owner Launchpad: http://ico.macrodox.com/admin/ login using admin admin
Contact us today to discuss how we can make our platform available for your ICO. You can integrate our platform with your current landing age in less than an hour.
Initial coin offerings (ICOs) have generated headlines, good and bad, in mainstream media for the past year. Now new terms appears more and more: the security token offering (STO) and the Intitial Exchange Offering (IEO). Here’s what you need to know when it comes to IEO vs. STO vs. ICO.
Regardless of the token offerings you choose to invest in, there are going to be risks you need to understand. This article only provides high-level information to jump start your research. Before making an investment decision, you should discuss your plans with a professional financial advisor.
With so much money flooding into the ICO markets last year, long-standing problems became much more prominent. Unethical practices, incompetent project teams and outright scams further tarnished the cryptocurrency in the eyes of people outside the community.
Many ICO projects are little more than neat ideas, which creates other problems. If the project team doesn’t have the talent to deliver, then a chorus of voices call out “scam” in every internet forum. There may not be anything actually illegal going on. However, a lack of transparency and stumbling crypto prices do not foster trust.
And then there are the outright scams. A lot of inexperienced people jumped into the crypto market in 2017. Not knowing how to tell good projects from bad, they fell victim to con artists. A Satis Group report estimated that 78% of the ICOs in 2017 were scams. The three largest of these stole more than $1 billion from their victims.
The biggest looming threat to the ICO business comes from government regulators. The fiat world has a long-established system of regulations governing the sale of shares in organizations. Designed to protect investors from the very abuses ICO investors have suffered, securities regulations might apply to the crypto-offerings.
In the United States, a 70-year old decision by the Supreme Court established the Howey Test which determines whether something is a security:
“The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others. If that test be satisfied, it is immaterial whether the enterprise is speculative or non-speculative or whether there is a sale of property with or without intrinsic value.”
Other regulators around the world apply a similar test to determine whether something is a security.
What could make a token a security? One sign is if it acts just like a share in IBM. If simply holding the token lets you vote on how the organization operates, it could be a security. If holding the token earns you dividends or bonuses, it could be a security. It there’s no underlying product and the only reason for holding it is the hope of rising prices on the exchanges, then it could be a security.
Even the SEC would answer “no” to that question. Cryptocurrencies like Bitcoin are payment systems — even if speculators trade them for profit. Ownership of bitcoins does not give you ownership of anything else.
Ethereum’s coins, on the other hand, serve as “utility tokens” that enable the distributed application platform. Yet again, owning ether does not give you a share in a larger organization.
Over the years, ICO projects often tried to avoid the securities label by calling their coins “utility tokens.” Depending on the competence of their legal advisors, that may actually be true.
Not every ICO project is keen to avoid the security label. Some in the crypto community see so-called security tokens as the best way to bring respectability — and investors’ money — to the market. The new buzz phrase floating through the crypto industry is the Security Token Offering
For many in the crypto industry, the term ICO has become too tainted by the excesses of last year’s market. “ICOs have gotten a bad name,” CrowdfundX CEO Darren Marble told Nulltx. “It has negative connotations and is synonymous with scams. Six months ago, a “compliant ICO” sounded right, but now we need a new term moving away from ICO, which people associate with scams.”
An STO uses the framework of securities regulation to restore credibility to token offerings — at least in the eyes of regulators and the big money investors. Jumping through the hoops required to become a legitimate security requires teams of lawyers, negotiations with regulators, and a lot of paperwork.
IEO brings a new fundraising option, building over the ICOs. Are regulations going to make it harder for projects to raise funds through IEO, will be interesting to watch. Supporting exchanges will need strategic build-up of teams that can examine a potential ICO which has a potential to push their trading volume high and therefore, revenue.
Choice of the right exchange as well the right partner for the private funding are essential in running a successful IEO.
Despite the fact that the IEO will be exposed to the exchange's users and investors, it still count only on crowdfunding, thi sis usually never enough to reach the hardcap, and sometimes not the softcap either. Fundraising must be exposed to professional investor with the real money to reach its funding goals.
At the federal level, American securities regulation dates back to the Securities Act of 1933, which requires organizations to provide investors financial and “other significant information” about the securities being sold. The law also prohibits fraud or deceptive practices in the process of selling those securities. The American system also gives each State the authority to regulate securities, making the process even more complicated.
When registering a security, companies must file documents that become public via the SEC’s EDGAR database. An audit from outside accounts must be included in the filing so investors can get an objective analysis of the condition of the company’s business. In addition, the filed documents must convey information “essential” to investors, including descriptions of:
The company’s business and properties.
The security being sold.
The management team.
If an STO follows the same process as an initial public offering (IPO), the project team must also publish a prospectus. This is a much more detailed document than a typical crypto project white paper.
The SEC will evaluate the filing and the prospectus to make sure the company has complied with the Commission’s requirements. The back-and-forth between the SEC and the company’s lawyers, accountants and consultants makes the process long, arduous and expensive.
Once a company has gone public in an IPO, the SEC requires it to file quarterly and annual financial reports. Again, these financial reports have long-established patterns that the company must follow, so more lawyers and accountants.
Exemptions to the rules
Unless there’s a good reason, any organization issuing a security in the US must register with the SEC. Sometimes, though, an organization will have one of those good reasons. Section 4(a)(2) of the Securities Act provides an exemption for “transaction by an issuer not involving a public offering.”
That definition is a little too generic for anyone to work with, so the SEC developed several rules that define what “not involving a public offering” means. Those rules often limit who can buy the security or how much the organization can raise. Here are a few of the important rules for token offerings:
Regulation D, Rule 506(b) – An unlimited number of accredited investors and as many as 35 “sophisticated” investors can invest in the company. The information the company discloses only needs to be “generally the same” as for a fully registered company. However, the company cannot advertise or otherwise promote the offering to a general audience.
Regulation D, Rule 506(c) – An unlimited number of accredited investors can buy the shares, but the company must take “reasonable steps” to verify their identities and financial qualifications to be accredited.
Regulation D, Rule 504 – The company can only raise up to $5 million within a 12-month period.
Regulation A – Small businesses and startups can claim this exemption for offerings of up to $20 million (Tier 1) or up to $50 million (Tier 2). The SEC may cap how much people can spend on a Tier 2 offering when they are not accredited investors.
The details of securities regulation in Europe are different, but the high-level approach is similar to the United States. Regulations ensure investors receive the information they need and protects investors from fraud. Full-blown IPOs involve audits and disclosures. Exemptions are available, but come with restrictions.
The European Union has written prospectus directives and regulations defining what a prospectus must disclose to investors and provides exemptions for small companies. The actual implementation of European securities regulations, however, are not uniform across countries. Each member state has the flexibility to implement the EU directives as they see fit.
Lithuania unveiled guidelines for ICOs recently. They define the differences between token, payment and securities-based offerings as well as the regulations each must follow. In the announcement, Lithuanian finance minister Vilius Šapoka said that the “ICO market has not been regulated yet. It has huge potential but there are risks, that we must manage.”
Earlier in the year, Lithuanian startup DESICO announced that it would become the “world’s first security ICO platform.”
Elsewhere in Europe, the traditionally fiat-focused financial industry is beginning to support crypto tokens as securities. Germany’s Boerse Stuttgart Group, for example, plans to support token offerings. Switzerland’s SIX Exchange announced that it would launch its own trading system for tokenized securities.
Regulators, the financial industry, and many in the crypto industry are slowly circling towards a common understanding of what a blockchain-based security should look like. Security-based tokens will become formal elements of the financial system. At the same time, non-security tokens will comply with strict definitions set by the regulators.
In the end, it will be investors who benefit. The wild ride of the past few years, as exciting as it was, is coming to an end. It won’t be long before security tokens are part of everyone’s retirement plans.
Since October 15th 2018, the Norwegian government has released a full act allowing companies to work legally in the virtual money landscape.
The new law focuses on the AML/KYC routines and procedures to enable financial companies to qualify as a legally financial service provider.
The original page for the law can be found here
MiRAK is offering the full package of incorporation as follows:
1. Incorporating of a Norwegian limited responsibility company. 1BTC
2. Establishing of a corporate bank account with a full online access, possibility to add USD and EUR currency account. 1BTC
3. Applying for the full financial license, including the D-number for EU citizens. 1BTC
The process for part 1-2 takes about 1 week. Part 3 can take 8-12 weeks or more after registering the company.
For the details of the financial license, please refer to the English translation below (Google translation)
the new law applies from 15 October 2018. The changes include, among other things, Norwegian providers of virtual currency exchange and storage services. These providers will be covered by the obligations under the Money Laundering Act and must be registered with the Financial Supervisory Authority.
From 15 October, providers subject to new regulations must comply with the requirements of the Money Laundering Act. A transitional period has been granted for registration with the Financial Supervisory Authority until 15 January 2019. The regulations are announced on lovdata.no.
Finanstilsynet will ensure that virtual currency exchange and retention providers comply with the money laundering rules.
However, it does not have any tasks related to the monitoring of other parts of these providers, such as investor protection or advice requirements.
Suppliers of virtual currency and official currency exchange services, as well as virtual currency retention services (hereinafter referred to as "service providers") are covered by the Laundering Act's requirements of 15 October, on the date of the entry into force of the new Money Laundering Act. The law applies to reporting companies established in Norway, including branches of foreign companies.
The obligations under the Money Laundering Act apply to providers of exchange services between virtual currency and official currency, as well as virtual currency retention services (these are referred to as reporting obligations). This includes platforms and services that allow customers to trade or exchange a type of virtual currency for an official currency (such as Norwegian kroner), including platforms that facilitate trading and exchanges by connecting buyers and sellers.
All exchanges between virtual currency and official currencies from all countries are included. This applies regardless of the form of payment, ie if you buy / sell virtual currency by credit card, cash, e-money, etc. Changes between different types of virtual currency (eg from Bitcoin to Ethereum) are not included.
Furthermore, the retention of private cryptographic keys on behalf of customers involves the transfer, storage or purchase of virtual currency. Storage solutions that do not store private cryptographic keys (often referred to as non-custodial wallets) are not covered by the regulations.
Virtual currency is defined as " (...) a digital expression of value that is not issued by a central bank or public authority, which is not necessarily linked to an official currency and which has no legal status as currency or money but which is accepted as payment method and which can be transferred, stored or traded electronically. "Loyalty programs and the like, such as bonus points, are not covered by the definition.
Service providers are subject to the regulatory framework by virtue of the services they offer, regardless of how the service is organized. This also covers service providers that currently operate without being registered in the enterprise register, which operate over private accounts.
If you are in doubt if your service / business is to be regarded as subject to reporting under the Money Laundering Rule, you can contact the Financial Supervisory Authority.
Reporting obligations under the Money Laundering Rule must comply with a number of requirements for preventing and detecting money laundering of proceeds from criminal offenses and terrorist financing.
The Financial Supervisory Authority's theme for money laundering provides reviews and links to regulations and guidance.
Request for registration is sent to Finanstilsynet at firstname.lastname@example.org , or using Altinn form KRT-1060. Section 10-2 (2) of the Money Laundering Regulations provides transitional rules which imply that the registration deadline is 15 January 2019.
Information that Finanstilsynet must have in connection with registration, is stated in Section 1-3 of the Regulations:
organizational form and organization number
name, place of residence and birth or D number of 1st general manager or persons in equivalent position
2. board members or persons in equivalent position
3. any other contact persons
It follows from the requirements for what to be registered that service providers must be registered in the enterprise register, and it is assumed that the operation of the services takes place over their own company account. As part of the registration, the entity must attach documents describing:
i) the type of service offered, with description of the exchange service / exchange platform and / or storage service, types of virtual currencies that can be exchanged and / or stored, etc., and
ii) the company's money laundering routines, cf. the new Money Laundering Act section 8. The routines must, among other things, be adapted to the nature and scope of the business, based on the company's risk assessment, cf. new Money Laundering Act section 7. See also Circular 24/2016 for more information.
If the information that follows the registration request is incomplete, the Danish Financial Supervisory Authority will not register the enterprise.
Virtual currency, in the form of exchange and storage services, is subject to new regulation on the laundering area only. Finanstilsynet refers to previous warnings about the risks associated with buying and owning virtual currency, including the warning of February 12, 2018. There is no protection in the legislation that will cover your loss if a platform that swaps or stores such currencies goes bankrupt or falls down.
Service providers must be registered with the Financial Supervisory Authority by 15 January 2019. Consumers should therefore check whether Norwegian service providers are registered before establishing a customer relationship. Users must be aware that registration by a service provider at the Danish Financial Supervisory Authority does not mean that they are subject to the same control mechanisms as other licensed entities. For example, registration with the FSA does not imply any suitability assessment of the actors, etc., etc. examined.
Service providers must comply with the Money Laundering Act, including customer requirements. Consequently, customers must expect to identify and receive questions such as the purpose of a transaction or the funds originally, etc. If the customer does not provide the necessary information, they must claim to be rejected by the service provider. Service providers are obliged to send Økokrim message in case of suspicious transactions.
The regulation states that there are providers of the aforementioned services that are required to report and consequently not everyone who exchanges the virtual currency is included. Individuals who buy or sell their own virtual currency for private purposes, or occasionally and delimited, assist friends and acquainted with the purchase and sale of their virtual currency will not be required to report under the money laundering rules.
When service providers become required to report under the Money Laundering Act, they also have an impact on providers of financial services that have or may receive service providers as customers.
The whitewashing rules, like international regulations and norms (from FATF and EU), do not allow all groups and / or sectors to be denied financial services solely because of the group / sector's inherent money laundering risk (so-called de-risking). This also applies to virtual exchange and storage services providers. In Finanstilsynet's " Guidance - Money Laundering Rules" (Circular 24/2016), Item 8 " Rejection and Closure of CustomerRelationships"it appears that the risk of money laundering or terrorist financing may provide grounds for the actual termination under section 21 of the Financial Contracts Act. Such a risk must nevertheless be specifically justified in circumstances pertaining to the individual customer and therefore there is no basis for rejecting or terminating a customer relationship solely because the customer offers exchange or retention services for virtual currency. However, in the circumstances, there may be grounds for rejecting and terminating the customer relationship if, for example, the provider is not registered with the Danish Financial Supervisory Authority, in cases where customer control can not be carried out, or if the continuation of the customer relationship results in risk for transactions related to the proceeds of criminal offenses or related to terrorist activities.
As mentioned above, Finanstilsynet expects that service providers create a company account limited to the business, and it is therefore expected that the service providers' banking associations will facilitate this.
We note that other reporting agents, for their own compliance with customer control requirements, can not base customer checks performed by service providers, cf. new Money Laundering Act, Section 22.
Suppliers of virtual currency exchange and retention services will be discussed in the Danish Financial Supervisory Authority's next risk assessment of under supervision. It is assumed that the inherent money laundering and terrorist financing risk is high for this sector. A more detailed explanation is mentioned in the consultation memorandum for a new money laundering regulation. Reference is also made to the review in the National Risk Assessment of Money Laundering and Terror Financing, and Report and Threat Assessment of Recent Payment Services from the National Intergovernmental Analysis and Intelligence Center (NTAES).
The Money Laundering Regulations provision for the application of the Money Laundering Act for virtual currency implements the EU acquis in this area (the so-called Fifth Money Laundering Directive). The Global Action Platform for Anti-Money Laundering and Terror Financing, the Financial Action Task Force (FATF), also signals new international standards for virtual currency services.
Developments in international regulations and norms will also affect the design and application of Norwegian regulations and practices in this area. It is also expected that similar rules will be introduced in other countries, so that the requirements for service providers will apply quite similarly across national borders.
Our Executive Team
When we started with distributed computing 15 years ago, we never could dream that the whole world will be where we are today. Thanks to the Blockchain technology, we can now build projects and concepts beyond all imaginations. MiRAK is investing in new technologies and is having focus on helping companies and startups build on decentralized infrastructures. Through integrity in thinking of all aspects of today's Blockchain technology revolution, we intend to change how things are done tomorrow . Innovation and creative thinking are our tools to form the future and create the world that matches the needs and challenges of tomorrow.
Senior Vice President
Senior Vice President
We at MiRAK are blockchaining the world. Talk to us if you are creating a new ICO. With the Blockchain technology, we are able to create technologies that will revolutionize the world. MiRAK is helping startups to raise the funds they need to build their companies.
Venture Capital Consultant
Venture Capital Consultant
Fundraising consultant at MiRAK STO specialized in venture capital hunt for high tech projects. Using my investor network in north Europe, it's always a pleasure to assist startup and young companies toget the funds needed to make their dreams come true.
My role at MiRAK is to evaluate new clients and make sure they have the potential and can meet the investors requirements.
Raising funds for ICOs and STOs. Venture capital is my specific area of expertise. I present fund seekers to investors and lead the funding negotiations.
1 BTC + 10%
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