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Cybertrust
Website:
Website:
Status:
Archived ICO
Token:
CABS
Start:
09-10-2017
End:
16-11-2017

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Information

The main purpose of the reserve is to protect CABS Token holders from force-majeure circumstances (including any CABS Token value fluctuations) following the ITO. The reserve will be among other things used to protect the token price by purchasing CABS Tokens. All net funds raised exceeding 35 million CHF equivalent will be used as a reserve until 31 December 2018 or until an ISIN for CABS Token-linked Global Crypto Notes or equivalent has been issued and the same are traded and settled via Clearstream Banking S.A., whichever is later. After the above date CyberTrust may at its discretion expand the use of these funds as working capital for securitisation pools and to other areas. The precise percentages held in each currency may vary at CyberTrust’s discretion.

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