The ENGV token is a key aspect of the Engiven cryptocurrency donation platform and our mission to help fund nonprofit missions around the world. If our offering is successfully qualified with the SEC and we conduct a successful Token Generation Event, we will seek to do the following, after appropriate qualifications for each as needed:
The Engiven platform currently supports Bitcoin and Ethereum donations. Our members can quickly and easily sign up and begin receiving donations and converting them to fiat currency. Additionally, to the extent consistent with securities laws and other requirements, each quarter, Engiven expects to allocate ENGV tokens to every nonprofit organization that joins the Engiven Member Network. And, each year we’ll hope to give additional ENGV tokens to our nonprofit members based on the total global circulation of ENGV.
The funds received through the ENGV token sale (ICO) will be allocated as follows (proportions may change based on opportunities and market conditions)
30% Product Development
Continued development of the Engiven platform including new features, third party APIs, and security enhancements.
Recruit top blockchain, cryptocurrency, and network security experts.
30% Business Development
Expand the Engiven Member Network globally through direct sales, resellers programs, platform partnerships and co-branding opportunities.
Provide blockchain and cryptocurrency education programs to nonprofits and NGOs.
Establish strategic business presences in North America, Europe and Asia.
Partner with socially conscious retail product producers to enable ENGV usage in their ecosystems.
20% Marketing & Communications
Continue to invest in our PR strategies to educate both givers and the nonprofit community about the viability of crypto-giving.
Speak at major crypto conferences.
Provide regular publications of blockchain and cryptocurrency articles through our network and through major news outlets.
Continue to invest in our existing SEC compliance efforts to remain in compliance and stay ahead of the ever-changing compliance regulations and tax requirements.
10% Reserve Funds
Stay up to date with our news & SEC registration.
Engiven will be offering 12 - 24 million ENGV Tokens at $.50 cents per token in an Initial Coin Offering (ICO), which is expected to open in October 2018 upon the successful registration with the SEC. The ICO is open to investors around the globe and can be purchased with BTC, ETH or USD.
The ENGV Token Sale (ICO) is expected to begin shortly after the Engiven Reg A+ application is successfully registered with the US Securities and Exchange Commission (SEC). The SEC does not provide a timeline for their registration process and there is no guaranty of approval.
We expect to offer 24,000,000 ENGV tokens at $.50 cents each, although the offering may change due to market conditions or regulatory demands. If you would like to be considered for inclusion in our token sale, please provide the following information and we will keep you updated on our progress.
The ENGV Team