ABOUT EVAREIUM
The Genesis of EVM Spearheaded by leading professionals from the MENA (Middle East, and North Africa) real estate, hospitality, private equity, FinTech and banking sectors with extensive professional expertise garnered from our combined 50+ years working for top-tier institutions (including Abraaj Group - the largest non-sovereign Middle East-based private equity firm, HSBC, Bank Julius Baer, American Express and Tishman Speyer) in the MENA region, Europe and North America.
We aim to procure, plan, finance and asset manage acquisitions for the benefit of the EVM holders, providing a compelling opportunity to token subscribers seeking to benefit from an expected strong and tangible asset-backed business model whilst availing the freedom of rapid token exchange.
We aim to procure, plan, finance and asset manage acquisitions for the benefit of the EVM holders, providing a compelling opportunity to token subscribers seeking to benefit from an expected strong and tangible asset-backed business model whilst availing the freedom of rapid token exchange.
EVM Offering Summary Evarei Management LLC, as lead advisor to EVM Blockchain Limited (the “Advocate”), will help orchestrate the formation of an investment entity in the Cayman Islands called Evarei MENA Real Estate Investments (the “Fund”, or “Evarei MENA Real Estate Investments”), an entity to be formed in the Cayman Islands to manage the Fund and a management company called Evarei Investment Management Ltd (“EIM”) to be formed by the Advocate’s owners to manage the Fund on behalf of investors.
Having consulted in the past with world-class law firms, the Advocate has replicated a fund structure adopted in an identical or similar fashion by many of the well over 10,000 private equity and similar funds registered in the Cayman Islands today.
Advocate is proposing to have issued up to 150,000,000 EVM tokens, the proceeds from which will be provided as a limited partner bloc interest into the Fund, via one central EVM trustee. Managing the Fund, EIM will specialize in making and managing investments (principally) in Dubai, Abu Dhabi and elsewhere in the United Arab Emirates and wider Arabian Gulf and potentially elsewhere with a particular orientation towards:
• Business upgrade and repositioning/capital improvement opportunities;
• Value-add acquisitions;
• When the opportunity arises, development projects with short-gestations and a clear timeline;
• Assets where controlling interest is available; no minority equity stakes if negativecontrol is not suffcient;
• Ideally real estate assets where tenancy of fewer than 10 tenants is achievable; and • Long-dated leasing opportunities
Having consulted in the past with world-class law firms, the Advocate has replicated a fund structure adopted in an identical or similar fashion by many of the well over 10,000 private equity and similar funds registered in the Cayman Islands today.
Advocate is proposing to have issued up to 150,000,000 EVM tokens, the proceeds from which will be provided as a limited partner bloc interest into the Fund, via one central EVM trustee. Managing the Fund, EIM will specialize in making and managing investments (principally) in Dubai, Abu Dhabi and elsewhere in the United Arab Emirates and wider Arabian Gulf and potentially elsewhere with a particular orientation towards:
• Business upgrade and repositioning/capital improvement opportunities;
• Value-add acquisitions;
• When the opportunity arises, development projects with short-gestations and a clear timeline;
• Assets where controlling interest is available; no minority equity stakes if negativecontrol is not suffcient;
• Ideally real estate assets where tenancy of fewer than 10 tenants is achievable; and • Long-dated leasing opportunities
The first private equity real estate investment platform incorporating full blockchain token exchange. A managed investment platform 100% held for the benefit of the investors themselves – providing scalable upside from continual assets acquired and disposed of in a cyclical ecosystem model.
Evareium offers the opportunity to invest in a tokenized private equity real estate investment platform with a mandate to perpetually invest in strong projects - thus providing strong upside potential from all acquisitions and exits made and managed by the Evareium team in perpetuity. The plan is to target only the most lucrative off-market and on-market real estate asset acquisitions with high capital growth and strong investment returns potential fundamentals giving the opportunity for instant liquidity through blockchain tokenized exchange.
1. Name
Evareium (EVM).
2. Token Network
Ethereum ERC20
3. Placement
Proof of token ownership. Proportional stake in Evarei MENA Real Estate Investments (the “Fund”) held through EVM Blockchain Limited (Cayman Islands) on behalf of all EVM holders (as one bloc).
4. Manager
Evarei Investment Management Ltd (the “Manager”) – to be formed in the Cayman Islands. Advised by Evarei Management LLC of the UAE (the “Advisor”).
5. Quantity, Offer Rate and Accepted Currencies
Up to 150,000,000 EVM tokens to be issued at par value US$ 1 per EVM (subject to discounts where applicable as mentioned later in this document). Accepted digital currencies for the preITO include Bitcoin and Ethereum.
6. Fund Raise
The amount raised will be equal to the sum collected from sale of EVM - for the second and third tranches, by the closing date of the ITO. The issuer and subscription agent utilized shall retain the right, without liability, of rejecting any EVM subscription request for whatever reason (which shall not necessarily be required to be cited).
7. Classes of Tokens
One class of tokens shall be issued (EVM). Two separate token offerings – EVT and EVR – are intended for future ITO’s and such will complement, intertwine and be intrinsically linked with the business model of EVM.
8. Key Fund Particulars
Private equity investment vehicle, Cayman Islands domicile expected to complete all investments and return all profits and gains from the first round of investments within 3 to 7 years. Targeting real estate assets with strong capital growth and exit value potential in Dubai, Abu Dhabi, the rest of the UAE, potentially other countries in the Arabian Gulf and elsewhere.
9. EVM Benefits
100% of the proceeds from the Fund’s investments shall accrue to Fund investing parties pro-rata to their stake holding (minus the Manager’s fees, setup fees, technical fees and carried interest as set out in this White Paper).
10. Use of Funds
Proceeds from the first US$ 2,000,000 equivalent (net of technical partner fees and other administrative charges) raised through this token sale shall be used to establish, cover the costs of, manage and market the Issuer and Fund, and Advisor, General Partner and Manager as the lead parties in this Offering, as the Advisor and/or Manager deems appropriate. The proceeds from the balance of EVM issued (assuming the minimum target is exceeded) shall be used to subscribe to the Fund limited partnership, settle costs and fees and secure direct real estate interests through the Fund.
11. Token Repurchase
The Manager intends to procure that the capital component of the Token Holders’ interests is reinvested in perpetuity into new investments, although the Manager may alternatively elect to buyback the EVM tokens at fair market value (as to be determined at the time by the auditors of the Fund).
12. Fees
The following shall be deducted from EVM issuance proceeds over and above the initial US$ 2,000,000 equivalent raised:
• 1% One-off arrangement fee;
• 2% Annual management fee for the duration of the Fund; and
• 20% Carried interest
Evareium (EVM).
2. Token Network
Ethereum ERC20
3. Placement
Proof of token ownership. Proportional stake in Evarei MENA Real Estate Investments (the “Fund”) held through EVM Blockchain Limited (Cayman Islands) on behalf of all EVM holders (as one bloc).
4. Manager
Evarei Investment Management Ltd (the “Manager”) – to be formed in the Cayman Islands. Advised by Evarei Management LLC of the UAE (the “Advisor”).
5. Quantity, Offer Rate and Accepted Currencies
Up to 150,000,000 EVM tokens to be issued at par value US$ 1 per EVM (subject to discounts where applicable as mentioned later in this document). Accepted digital currencies for the preITO include Bitcoin and Ethereum.
6. Fund Raise
The amount raised will be equal to the sum collected from sale of EVM - for the second and third tranches, by the closing date of the ITO. The issuer and subscription agent utilized shall retain the right, without liability, of rejecting any EVM subscription request for whatever reason (which shall not necessarily be required to be cited).
7. Classes of Tokens
One class of tokens shall be issued (EVM). Two separate token offerings – EVT and EVR – are intended for future ITO’s and such will complement, intertwine and be intrinsically linked with the business model of EVM.
8. Key Fund Particulars
Private equity investment vehicle, Cayman Islands domicile expected to complete all investments and return all profits and gains from the first round of investments within 3 to 7 years. Targeting real estate assets with strong capital growth and exit value potential in Dubai, Abu Dhabi, the rest of the UAE, potentially other countries in the Arabian Gulf and elsewhere.
9. EVM Benefits
100% of the proceeds from the Fund’s investments shall accrue to Fund investing parties pro-rata to their stake holding (minus the Manager’s fees, setup fees, technical fees and carried interest as set out in this White Paper).
10. Use of Funds
Proceeds from the first US$ 2,000,000 equivalent (net of technical partner fees and other administrative charges) raised through this token sale shall be used to establish, cover the costs of, manage and market the Issuer and Fund, and Advisor, General Partner and Manager as the lead parties in this Offering, as the Advisor and/or Manager deems appropriate. The proceeds from the balance of EVM issued (assuming the minimum target is exceeded) shall be used to subscribe to the Fund limited partnership, settle costs and fees and secure direct real estate interests through the Fund.
11. Token Repurchase
The Manager intends to procure that the capital component of the Token Holders’ interests is reinvested in perpetuity into new investments, although the Manager may alternatively elect to buyback the EVM tokens at fair market value (as to be determined at the time by the auditors of the Fund).
12. Fees
The following shall be deducted from EVM issuance proceeds over and above the initial US$ 2,000,000 equivalent raised:
• 1% One-off arrangement fee;
• 2% Annual management fee for the duration of the Fund; and
• 20% Carried interest
Why invest in Evareium?
1. STRATEGY:
The real estate sectors in the Gulf Cooperation Council region present an enormous opportunity for institutional capital investment, with typically only 20% of real estate assets being institutionally-owned compared to 70% in developed markets. Also, we select opportunities globally fitting our risk/return criteria.
The real estate sectors in the Gulf Cooperation Council region present an enormous opportunity for institutional capital investment, with typically only 20% of real estate assets being institutionally-owned compared to 70% in developed markets. Also, we select opportunities globally fitting our risk/return criteria.
2. VISION:
Having joined in partnership with leading blockchain experts, we have created 150,000,000 EVM tokens with the aim of raising at least US$ 90 million of equity to invest into select, compelling real estate assets and projects in Dubai/the UAE and elsewhere, targeting strong, annualized investment returns.
Having joined in partnership with leading blockchain experts, we have created 150,000,000 EVM tokens with the aim of raising at least US$ 90 million of equity to invest into select, compelling real estate assets and projects in Dubai/the UAE and elsewhere, targeting strong, annualized investment returns.
3. REGULATION:
We have an executive team and advisory board (including a Dubai Financial Services Authority-regulated institution) of more than 10 professionals with an enviable track-record in real estate investment, private equity, fund management, token asset-raising, and management.
We have an executive team and advisory board (including a Dubai Financial Services Authority-regulated institution) of more than 10 professionals with an enviable track-record in real estate investment, private equity, fund management, token asset-raising, and management.
4. EXPERTISE:
Spearheaded by leading professionals from the Dubai and global real estate, hospitality, consulting, private equity, fintech and investment banking sectors with extensive professional expertise garnered from our combined 50+ years across the Middle East, Europe, and North America.
Spearheaded by leading professionals from the Dubai and global real estate, hospitality, consulting, private equity, fintech and investment banking sectors with extensive professional expertise garnered from our combined 50+ years across the Middle East, Europe, and North America.
Progress on Evareium
Evareium is already backed by numerous private founding investors based on earlier funding rounds. The project has reached baseline critical mass ready now for full public launch and progress to raise funds to acquire assets.
When is the ITO?
The first official launch of the Evareium token sale through our online subscription dashboard started on 1st February, 2018. The ITO is across 3 phases until the end of April 2018, but is extendable. Whatever EVM we don’t sell at the end will be burnt.
The first official launch of the Evareium token sale through our online subscription dashboard started on 1st February, 2018. The ITO is across 3 phases until the end of April 2018, but is extendable. Whatever EVM we don’t sell at the end will be burnt.
How to Participate ?
You can register an account by clicking on the top right corner of our website.
If you are new to investing in the crypto assets space, please download our Guide to Investing in Evareium
You can register an account by clicking on the top right corner of our website.
If you are new to investing in the crypto assets space, please download our Guide to Investing in Evareium
Evareium Initial Token Offering
Issuance: 150,000,000 EVM in total (no hard cap)
Issuance: 150,000,000 EVM in total (no hard cap)
Offering Rate: 1 EVM to 1 US$ equivalent (par value)
Start Date: Official ITO launch date March 1, 2018
Accepting: Bitcoin (BTC), Ethereum’s Ether (ETH)
First ITO Release
Tokens on sale : 30,000,000 only in this release
Start date : 1st March 2018
Finish date : 5 April 2018
Offer price : initially US$ 0.85 per 1 EVM token (reflecting 15% discount to US$ 1 par value) changing by 1.25 percentage points each 7-days to 10% finally in week 5 to end of this tranche release.
BONUS credits for EVT : 50% from 1st to 7th March
: 45% from 8th to 14th March
: 40% from 15th to 22nd March
: 35% from 23rd to 29th March
: 30% from 30th March to 5th April
Tokens issued : a few days after standard KYC/AML check (into the platform wallet)
Tokens on sale : 30,000,000 only in this release
Start date : 1st March 2018
Finish date : 5 April 2018
Offer price : initially US$ 0.85 per 1 EVM token (reflecting 15% discount to US$ 1 par value) changing by 1.25 percentage points each 7-days to 10% finally in week 5 to end of this tranche release.
BONUS credits for EVT : 50% from 1st to 7th March
: 45% from 8th to 14th March
: 40% from 15th to 22nd March
: 35% from 23rd to 29th March
: 30% from 30th March to 5th April
Tokens issued : a few days after standard KYC/AML check (into the platform wallet)
Second ITO Release
Tokens on sale : UNLIMITED
Start date : 6th April, 2018
Finish date : 30th April and ongoing at the discretion of the issuer
Offer price : US$ 1 per EVM token to US$ 1 par value
BONUS credits for EVT : 30 % from 6th to 12th April
: 25% from 13th to 19th April
: 15% from 19th April onwards ‘til the end of ITO (extended as required)
Tokens issued : a few days after standard KYC/AML check
Start date : 6th April, 2018
Finish date : 30th April and ongoing at the discretion of the issuer
Offer price : US$ 1 per EVM token to US$ 1 par value
BONUS credits for EVT : 30 % from 6th to 12th April
: 25% from 13th to 19th April
: 15% from 19th April onwards ‘til the end of ITO (extended as required)
Tokens issued : a few days after standard KYC/AML check
Accepted currency: BTC, ETH
Token standard: Ethereum ERC 20 through a smart contract
Token standard: Ethereum ERC 20 through a smart contract
How tokens will be distributed
Tranching:
Pre-Initial Token Offering (“ITO”) issued at 30% discount value 30,000,000 EVM then issued at 15% sliding discount to par value up to 110,000,000 EVM final tranche at par (unsold tokens are burnt)
Founder’s EVM:
The founders will make available an additional 10,000,000 EVM, 25% of which to be locked-in from sale for 5-years to align value-creation interest with investors.
Incentive:
Early EVM investors receive the above discounts and other ongoing privileges as preferred partners, such as asset co-investment opportunities and first notification of further token releases at preferential rates and most importantly for 2018, free bonus token issuance to your wallet of the Evareium Blockchain Utility Token (“EVT”). Successful investors in the EVM ITO will also immediately get free credits towards EVT – the next token Evareium plans to launch soon into 2018 - please refer to Roadmap section for timeline. EVM investors who keep their EVM tokens in their original wallets will avail EVT tokens once launched and issued in 2018. The amount of bonus EVTs received will be greater, the earlier an investor subscribes during the EVM ITO process.
Tranching:
Pre-Initial Token Offering (“ITO”) issued at 30% discount value 30,000,000 EVM then issued at 15% sliding discount to par value up to 110,000,000 EVM final tranche at par (unsold tokens are burnt)
Founder’s EVM:
The founders will make available an additional 10,000,000 EVM, 25% of which to be locked-in from sale for 5-years to align value-creation interest with investors.
Incentive:
Early EVM investors receive the above discounts and other ongoing privileges as preferred partners, such as asset co-investment opportunities and first notification of further token releases at preferential rates and most importantly for 2018, free bonus token issuance to your wallet of the Evareium Blockchain Utility Token (“EVT”). Successful investors in the EVM ITO will also immediately get free credits towards EVT – the next token Evareium plans to launch soon into 2018 - please refer to Roadmap section for timeline. EVM investors who keep their EVM tokens in their original wallets will avail EVT tokens once launched and issued in 2018. The amount of bonus EVTs received will be greater, the earlier an investor subscribes during the EVM ITO process.
For more information click the link below :
Website : https://evareium.io/
Website : https://evareium.io/
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