Berlin, 16 November 2017 – Today, the Board of Directors of STARAMBA SE resolved to issue its own digital currency relating to STARAMBA.spaces, the social VR network of the company. The currency shall be issued under the name „ROYALTY“. By issuing up to 500 million tokens of the currency, STARAMBA SE inter alia aims at financing the further development of its social VR network STARAMBA.spaces. STARAMBA.spaces has already been published as closed alpha and is currently being further developed. The digital currency is based on a blockchain technology which shall simplify transactions in the international licence industry and make such transactions more transparent.
The ROYALTY currency shall be issued step by step according to the Leondrino live-cycle and will start with the creation of so-called tokens which are built on the blockchain technology. Subject to certain pre-conditions, up to 500 million tokens shall be transformed into so-called coins. Eventually, the ROYALTY currency shall be admitted to public trading over the Leondrino platform (so-called ILO). In addition, STARAMBA SE shall be obliged to accept the ROYALTY currency for the products and services of STARAMBA.spaces. Further details to specific use-cases and the rollout of the digital currency will be announced by the company after close coordination with specialised service providers at a press conference on November 28, 2017, in the margins of the German Equity Forum in Frankfurt.
Parts of the currency shall be offered to selected investors as convertible loans in the course of this year. However, investors shall not be granted any convertible or similar rights regarding shares or equity-like rights of the company, but only the right to convert their loans into tokens of the ROYALTY currency. The same shall apply to tokens and coins which shall not contain any convertible or similar rights regarding shares or equity-like rights of the company, either. Finally, the conversion of the loans shall only apply with the issuance of class A Leondrino tokens, i.e., when the tokens are admitted to public trading by the competent authorities.
This publication and the information contained herein only serve information purposes and do not constitute a securities prospect and neither contain an offer to sell securities of STARAMBA SE nor an invitation to submit an offer to purchase securities in the United States of America, Canada, Japan or Australia. This publication and the information contained herein may not be distributed, published or transferred – be it directly or indirectly – in the United States of America, Canada, Japan or Australia. In the United States of America, securities may only be sold or offered for sale or purchase in the United States of America with prior registration under the provisions of the U. S. Securities Act of 1933, as amended, or without prior registration, only on the basis of a derogation. The shares of STARAMBA SE are not and will not be registered under the provisions of the U. S. Securities Act of 1933, as amended, or the securities laws of Australia, Canada or Japan and will not be offered or sold in these countries. The dissemination of this announcement may be subject to legal restrictions in certain countries; persons who obtain documents or other information mentioned herein should inform themselves of these restrictions and observe them. Failure to comply with these restrictions may constitute a violation of the securities laws of these countries.
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the margins of the German Equity Forum in Frankfurt.
“ROYALTY opens the door to a worldwide launch of STARAMBA.spaces. To this end, the recognition of the tokens by the supervisory authorities of the target markets at the start of the public issue and trading is just as important for the acceptance of ROYALTY by consumers and investors as the acceptance obligation of the currency for own products and services. Therefore, we do not plan to issue tokens and coins with conversion right for shares of Staramba SE. ROYALTY, as the currency to be used for payments, is an instrument that develops independently of the share price,” says Christian Daudert, emphasising the advantages of ROYALTY.