openPR Logo
Press release

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.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EGW Academy in Talks to Raise US $2 Mn Before Launch, IEO here

News-ID: 2088504 • Views: 345

More Releases from EGW Capital Inc

EGW Capital Approves Forward Split, Changes Coin Symbol To EGW
EGW Capital, the leading blockchain investment bank has today approved the forward split of 4:1, i.e. 4 new EGW coins for every old 1 EGWCAP coin held. The management has also changed it’s coin symbol citing commercial reasons. The new contract was issued on the Ethereum blockchain and will also have a DigiByte based blockchain contract in the near future. The management has completed the split considering the price of
Stung By DeFi Craze, EGW Capital To Launch Stable Income DeFi Bond
EGW Capital, the blockchain investment bank is the latest blockchain and crypto-focused organization to foray into the Defi space. Though the Defi which EGW Capital is trying to carry out is more focused towards stable income backed by buyback on a particular date, thus protecting the investors from any visible downside risk. Such stable Defi bond coins will not be volatile in nature and are directed towards the investor class
EGW Capital To Build A Warchest For US $100 Mn Tech Co. Acquisition
EGW Capital, the blockchain investment bank providing a range of services like Blockchain Listings, Reverse Mergers and Private Placements has announced the issuing of US $10 million (Rs. 75 crores) worth of short term bonds (12 months), extendable by another 6 months with a coupon rate of 1% per month to finance the purchase of a special purpose acquisition company (SPAC) shell to acquire the US $100 million (Rs 750
With Mega Restructuring In Sight, EGW Capital Gears Up For IEO
EGW Capital started with a vision of bringing real-world assets on the blockchain. Being a traditional investment bank, the company soon realized it is the need of the hour to transform itself into a blockchain investment bank. Though the company has not given up on its traditional investment banking business and it still constitutes a substantial part of its revenue, it is the blockchain which has brought new adrenaline into

All 5 Releases

More Releases for Academy

TechyKids Announces TK Academy!
Newmarket, On: TechyKids the market leader specializing in teaching computer programming and tech-based courses for kids, is excited to announce a new venture! Beginning in July 2020, TechyKids will be releasing TK Academy! TK Academy is an extension of their current program offerings with a focus on kids aged 13+. The first course being offered is Python. Why should kids learn Python? Python is recommended
Guruh's Coaching Academy - Dehradun
Guruh's Coaching Academy is a Dehradun based coaching academy helping students to prepare for entrance examinations to the best residential / boarding schools in & around Dehradun & North India. With an experience of over 12 years, Guruh's Coaching Academy has a success rate of 80% and has produced toppers various best boarding schools in north India for boys & girls, including in Welham Girls' School as well as The
Julian Tuwim Locomotive poem was for the first time illustrated with pinhole photography. This outstanding example of children's literature has been published in London. Join us at one of our events and get a free copy of the book! For over 1000 years Poland had been a very multicultural society. Before World War II, Jewish society accounted for 10% of the overall population of Poland and 30% in most major
Click Academy: Locomotive Project
A pinhole photography exhibition at the Menier Gallery in London on 10-15th January 2011. Artists Marta Kotlarska, Anna Udowicka and Curator Olga Glazik from Polish group Click Academy who have collaborated with a group of Polish young people living in London in order to prepare illustrations for Julian Tuwim’s Locomotive poem. Pinhole photography is lens-less photography where a tiny hole replaces the lens. Light passes through the hole and an image
Banjara Academy Launches YouTube Channel
December 30, 2010: Banjara Academy, the Bangalore-based counselling services institution, has launched a YouTube channel and uploaded its first video for the leading online video community. The video has been made by a batch of students from Banjara Academy’s Diploma in Counselling Skills course and explores the varied dimensions of a custody battle case that was heard in the Karnataka High Court. The video may be viewed on The video
eRevMax Launches RateTiger Academy
eRevMax and XOTELS partner to develop knowledge for hoteliers in changing markets London, 22 March 2010 - eRevMax, hotel revenue management expert, and XOTELS, hotel management consultants, have partnered to offer a series of seminars and educational courses. RateTiger Academy will help hoteliers gain better control over travel channels in changing markets including pricing techniques, revenue management, competitor strategies and distribution management. The partnership plans to provide customized seminars as well