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EGW Academy in Talks to Raise US $2 Mn Before Launch, IEO

07-11-2020 11:11 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: EGW Capital Inc

EGW Academy In Talks To Raise US $2 million

EGW Academy In Talks To Raise US $2 million

EGW Academy, the blockchain certification arm of EGW Capital, a blockchain investment bank, is in talks to raise US $2 million before the launch of its Initial Exchange Offering (IEO) in December, 2020 or before depending on the market situations.
EGW Academy is planning to raise US $10 million in its maiden IEO by issuing fresh tokens.

The company has previously raised US $1.2 million from the clutch of private investors based in the USA and Russia.

The academy will launch its global blockchain certification program in the second week of August or earlier depending on the situation of the ongoing Covid-19 pandemic.

The company is in talks with the high net worth investors based in Singapore to raise the desired capital and is currently in talks.

Currently, the EGW Academy (EGWA) tokens are being traded at a price of US $1.02 per token on the BitLux OTC market, valuing the business at little over US $25 million.

EGW Academy currently has a circulating supply of 25 million tokens.

EGW Academy is an independent institution focused on spreading the word of “blockchain and crypto”.

The founders will own no tokens, however, 25% of the total supply of tokens is reserved for raising business expenses including marketing which will be gradually sold in the market to fund the business operations.
The remaining 75% of the token supply will be mined by the students against the online activities given to them.

As per the management, the institution will be powered by the students and for the students.
EGW Academy has a unique business model.

The blockchain certification is priced at US $21 which will be refunded in tokens when a student completes his certification, he can then sell the tokens to the student on a crypto exchange or privately transfer the tokens to his reference.

“The academy business is focused on strong token economics. The business has a sole vision of benefiting the crypto society. We wish to educate millions of students and build a battalion of blockchain and crypto literates,”, said Rahul Kumar, CEO of EGW Capital.

The company will soon announce the face of EGW Academy as Kumar has declined to head this venture as he is focusing on tokenization of real world assets.

Real Estate Tokenization : EGW Capital is currently in the process of concluding India’s largest real estate tokenization project. EGW Capital is tokenizing Cyberwalk, Manesar, a 1 million sq.ft.commercial real estate property on behalf of the client. The deal is valued at $40 million and will be tokenized into 40 million tokens of US $1 each.

The tokens will be privately placed to the high networth investors and will be then listed on the crypto exchanges.

The company will issue the contours of the transaction by July end.

EGW Capital is also working on its crypto bank focused on the emerging markets of Asia, especially India. The company will also tokenize a small percentage of Life Insurance Corporation of India shares in its maiden IPO which will be India's largest IPO by size.

EGW Capital is also planning to raise US $100 million in its maiden IEO next year to finance its mega vision of tokenzing assets worth billions of dollars.

Company Name: EGW Capital Inc.
Contact: James Law
Address: 1100 Peachtree Street NE, Suite 200, Atlanta, Georgia 30309
Phone: 646-583-3062

We help our clients navigate through the uncertainties and capture the opportunity that the blockchain based digital assets represent. To do this, we have instituted processes and infrastructure in line with the established standards of financial regulation.

EGW Capital operates through several divisions, offering end-to-end solutions for corporates, institutional investors, family offices and high-net-worth individuals.

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