The Steem Monsters team is excited to announce that we have recently completed a $100,000 equity investment round via our Steem Monsters Team Token (SMTT) offering. The SMTT tokens were created on the Steem Engine platform, which is a smart-contract-enabled layer 2 solution running on top of the Steem blockchain.
The SMTT tokens have been registered with the US SEC as a restricted security token offering under Regulation D, Section 504 of the Federal Securities Act. This enables us to raise up to a maximum of $5 million per year through sales of the token to an unlimited number of non-accredited investors in the US or abroad.
The investment will enable us to grow the Steem Monsters team and execute on our incredibly exciting 2019 roadmap, as well as to ensure that we have enough working capital to weather any further drops in the crypto market without needing to power down and sell any of our Steem Power holdings at the current market prices which we feel significantly undervalue the tremendous amount of recent growth and potential of the Steem platform.
To our knowledge, this is the first time such an offering has been completed using a token that operates on the Steem blockchain, and we hope that this will help pave the way for other organizations to complete their own offerings using a Steem Engine token in the future.
We have also partnered with a local law firm that specializes specifically in blockchain law and regulation to provide an affordable legal services package that will be made available through the Steem Engine website in the near future to other businesses or organizations that wish to raise funds through a similar security token offering on the platform.
For any enquiries regarding participating in future Steem Monsters security token offerings or in running a security token offering through Steem Engine, please contact @aggroed or @yabapmatt on Discord or via email at [email protected].
We are extremely excited for what's in store for the rest of 2019 and beyond for Steem Monsters, Steem Engine, and the entire Steem platform, and we are incredibly grateful and humbled to be a part of such a fantastic community here on Steem that has made all of this possible!
Thank you for your continued support!
Steem Monsters Contact Info:
Truly spectacular!
Cool. I didn't realize there was this option to allow sales to non-accredited investors. How would one go about purchasing SMTT? One you have acquired SMTT can it only be exchanged to other accounts that have undergone the KYC/AML checks?
Yes, it's one good thing in a regulatory environment that otherwise totally sucks, lol! If you're interested in investing you can reach out to me and I can send you the details which includes restrictions on reselling your tokens.
Great work !!
Congrats!!
Monstrous announcement....
This is beautiful!
@SteemMonsters team are very dedicated and innovative. This is a team worth investing in. Congratulations!
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Congrats Team, great work. @aggroed, @yabapmatt, @Discord I wanna be part of the Steem Monsters security token offerings.
NICE JOB Steem Monsters!
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good story
Huge congratulations to the whole team. Incredible to see.
I've played around a little on Steem Engine, and found it simple, clean and self explanatory.
It's great to see SteemMonsters getting the success and recognition it deserved. I hope you guys grow more successful in the future.
Congratulations!!! You are changing rule of the game for better.
What Wow this was a surprise I didn't know till just now WAY TO GO!
So many people saying CONGRATS or EXCITING...
and yet how many of them know what it actually means and if it's good or how good it is.
I'll be willing to say I don't understand all of what this entails:
But what are the drawbacks?
Don't just sunshine and rainbows us... let's hear what are the pros AND cons of this.
We don't believe there are any drawbacks to this fund raise. We have a commitment to our investors to grow the product as much as possible, but that's no different than our goal before taking outside investment or our commitment to ourselves. Second, as a US-based company owned and operated by US citizens, we are no more restricted as a result of this token offering than we were before and we are always committed to acting within the rules and regulations in place in the jurisdictions where we operate, whether or not we agree with those rules.
Well done
Congratulations! @SteemMonsters @SteemEngine @aggroed @yabapmatt
Great to see creative fund raising on & off chain.
You are one of the keys to the longevity of the #Steem blockchain.
Resteemed!
!bookkeeping steemmonsters
Hi @followbtcnews!
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strange statistic dear @followbtcnews
spend some to moon STEEM pls =)
This post has been included in the latest edition of The Steem News in 10 posts - a compilation of the key news stories on the Steem blockchain.
great game steemmonsters
Excited for the future of STEEM, Steem Monsters, and Steem-Engine!
I will definitely be looking at this soon as I get past my taxes and see what is left to allocate to my portfolio! Great development to enable this on our blockchain!
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This huge, I hope other's will do the same.
Congratulations. That is a pretty big achievement indeed. ;)
Congratulations for this great news, I am very happy for all the projects you are doing, it makes me very happy to be here.
Very nice, good work team. This is really good news, thanks for all the hard work you guys put in.....
B! E! A! UTIFUL!!!!!
Congrats @aggroed, @yabapmatt, and the whole Steem Monsters Team! This is a great milestone in the short history of SM, onward and upwards!
congrats guys. well done
Congrats these are very exciting news for the Steem blockchain :)
Congrats team, incredible work! Thanks for continuing your hard work on behalf of all stakeholders. I am super impressed
Amazing!
You rock!
I guess I need some SMTT.
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I feel like that this news should be on every frontpage of the crypto news outlets.
Great job guys!!!
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This post has received a 84.02 % upvote from @boomerang.
This is a great opportunity for everyone looking for a new ground floor start. Congratulations
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#Awesome #Blockchain #blockchaingaming for #PassiveCryptoIncome #PCI
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!bookkeeping steemmonsters
Hi @bebeomega!
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That’s some exciting news! 🙌🏼🙌🏼
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Wow excellent steemi monsters good idea. And very excellent post your thanks for you good posting.
great job guys..This is exciting!
Wow @steemmonsters Steem Monsters , Steem Engine and Steem is going to Rock in 2019 These are very exciting times that I am glad to be a part of ! Go Team Awesome! @yabapmatt , @aggroed and @someguy123 who I am now also following and voting for witness , you all Rock!!💪❤👍🙋
Wish I had got in on this back when it first started, it just keeps getting better and better. 👍👍👍
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!bookkeeping steemmonsters
Hi @mydays!
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!bookkeeping steemmonsters
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Hi @cryptictruth!
steemmonsters
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!bookkeeping steemmonsters
Hi @alexvan!
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Cool, Glad to hear it!
This is really big news. Great work as always guys.
This is an awesome achievement. Congrats SteemMonsters.
It is amazing witnessing the growth of this project from the ground up. You have accomplished so much is such a short time and you are just barely getting started. I am excited to see what’s next.
best blockchian game i playing so fare
hola soy nuevo saludos a todos
Congrats and kudos to the SM team :D