With Mega Restructuring In Sight, EGW Capital Gears Up For IEO
Rahul Kumar, the CEO of EGW Capital is guiding the company into the new growth trajectory along with the Indian team. The company is actively hiring in India, the Philippines, and Vietnam to build a truly digital business where employees will work from home. COVID has already trained the minds of people on working from home concept. This will help EGW Capital to save on salary and rent costs.
What Is About To Change At EGW?
EGW Capital paid the price of being focused on India which extensively struggled in crypto growth. The Indian government tried to block the paths of the people who have a vision of reducing their reliance on fiat currency and adopt blockchain as a medium of issuance with Bitcoin and Ethereum as a mode of payment. The Indian Supreme Court in its landmark judgment in March 2020 clarified that neither blockchain nor crypto is illegal, but the government continued to maintain the uncertainty by planning a blanket ban by proposing a new law that may paralyze the industry. Locally, the banks still do not support crypto players, and even if such bank accounts exist they are prone to regular questioning.
How companies still managed to do crypto offerings?
Majority of companies still planned blockchain-based offerings by forming their companies outside India and using SPV’s to fund the local companies by raising capital outside the purview of Reserve Bank of India (RBI). This trend will continue to build up as local financing for such companies is drying up due to COVID pandemic. With interest rates falling below zero in the developed parts of the world, people are diversifying their portfolio. The IPO’s on the Small and Medium (SME) exchanges launched by the Indian government found only a few takers where liquidity is a major concern.
Earlier, investment advisors recommended investors to allocate 5% of their assets in the crypto, it has now gone up to 15% in the last few months. Crypto is the new gold as it shares the same features. The majority of cryptos come with a limited supply, however, the central banks worldwide have a power of printing unlimited currency which creates inflation in the market. The public has started to realize that the bailouts do not provide permanent cure instead it just postpone the pain to be felt in the future.
The large bailout packages announced by the government failed to reach the majority of people. The middle class and the upper-middle class were blatantly avoided assuming that they can survive in the economic conditions created by COVID pandemic.
With all these developments in place, EGW Capital will soon restructure its EGWCAP coin as a mode of payment instead of using them only as security or a share/equity. This will provide more liquidity to the coin as it will have more use case scenarios.
Though, the performance of EGWCAP struggled in the crypto markets. The market cap peaked to the US $2.2 billion this year and is currently trading below the US $1 billion marks. The price of EGWCAP peaked at the US $20.27 but is now trading under the US $10.
The root cause of all this is the global issues related to crypto markets. The issue however has not stopped crypto to give stellar returns in comparison to traditional stock indexes. Effortlessly, Ethereum and Bitcoin gained more than 100% in the last 12 months and Defi or the decentralized financing became the new trend. Liquidity is no longer a concern on the crypto markets as the majority of coins have developed liquidity pools that pay for the risk people take to keep the markets liquid. The market makers are hence building more liquidity pools by compensating to the people who provide the regular liquidity, thus reducing the business risk.
With crypto becoming a new accepted currency, EGW Capital is also planning to launch its own debit card which will make payments much easier. The uncertainty in India on laws still prevails but many crypto companies are willing to take risks relying on the judgment of the honorable Supreme Court.
Also, EGW Capital is working on reshaping global IPOs as Digital Equity Offering (DEO), a name coined and invented by EGW Capital itself. This will help companies to list their coins where each coin will be backed by one equity share. In this manner, the companies will be able to go public without exposing themselves to a heap of regulatory requirements and unwanted expenses. In this case, EGW Capital will launch DEO’s of companies that have matured for a minimum of 12 months.
EGW Capital will launch its DEO application website called “deo.link”. The DEO’s will cost US $100,000+ and the founders will pay 5% in equity to EGW Capital excluding placement cost which will be deducted from the raised funds. It is being assumed that EGW Capital may offer 50% cashback to the companies who successfully raise their target capital.
Any company will be able to launch its own DEO without worrying about its performance. The companies with a solid vision may be able to find the buyers for their offerings due to the global reach and zero paperwork.
Additionally, EGW Capital is working on launching its own blockchain-based mutual fund which will invest in the top equity shares of India. This will allow global audiences to indirectly purchase shares in India by skipping harsh laws. In this scenario, the fund will comply with the local laws but will be funded by an SPV which will raise capital from the global investors. The movement of stock prices will impact the price of the coins. The liquidity will allow people to enter or exit a position without worrying about local taxation issues.
EGW Capital is slowly and gradually headed towards reducing its dependency on investment banking by launching products where the public can directly participate.
Another product which may help EGW Capital to graduate from investment banking to more public related business is its own Initial Exchange Offering (IEO) launchpad called Bingo.
Bingo is targeted towards launching public offerings of less than the US $10 million with the market cap not exceeding the US $25 million. The investors are able to analyze the company and invest directly either through bank transfer/card payment or by paying in crypto.
But how will investors buy crypto?
EGW Capital is developing a solution for this too by launching its own stable coin called Reserve USD (RZE). RZE has already raised more than the US $60 million in terms of financial banking. The RZE will integrate with a crypto bank which will provide all services of a bank but without relying on fiat. The crypto bank will ensure a continuous supply of the cryptocurrency.
The crypto bank will also launch its own gift cards which will allow a normal person to buy a card with cash, redeem it and easily purchase crypto and invest.
EGW Capital IEO
EGW Capital prior to its IEO is proposing a debt raise targeting the US $6-10 million with a fixed return of 12% per annum. Once the debt is raised, the company will launch its the US $100 million IEO offering on leading exchanges.
EGW Capital will also launch EGW Academy which will train millions of people on the blockchain by working on real projects which pay real money.
The crypto business is far more interesting than one can imagine.
Company Name: EGW Capital Inc.
Contact: James Law
Address: 1100 Peachtree Street NE, Suite 200, Atlanta, Georgia 30309
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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