- Exclusive interview. The Elephant - a tokenized platform in the private secondary market BASE.INFO team has interviewed Idan Miller the CMO of The Elephant project. Jul 31, 2018
The Elephant (formerly: PrivatEquity.biz), established in 2014, introduces the first security token backed by shares of the most promising private companies around the globe.Our mission is to open the door to investments in shares of the world’s most auspicious, important and interesting private companies (unicorns & high-profile companies), prior to their liquidity event.The platform enables shareholders of pre-IPO companies to sell their shares prior to a liquidity event and for investors to invest in such shares through dedicated partnerships represented by Digital Tokens.By tokenizing equity rights of the most promising private companies around the globe, we make it liquid at all times.
The Elephant Platform is a members-only platform. Membership is secured through the holding of PEC, The Elephant Platform’s token. To qualify as a member and hold or purchase PECs, an investor must be classified as an accredited or qualified investor and complete our Know Your Client (KYC) process. Once qualified as an Elephant Platform member, investors are entitled to receive a portion of the platform’s annual revenues and participate in Dedicated Token offerings. Investing through the Elephant Platform enables the investor to enjoy token value increases, while still being protected by the asset backing the token and a potential IPO/exit.
Platform revenues are derived from fees collected from share sellers upon completion of the sale of their shares, as well as annual management fees collected from dedicated partnerships. In addition, a success fee is collected when a liquidity event of shares held by dedicated partnerships is held.In order to turn our platform into a leading, innovative, global platform that offers a diversified and wide range of tokenized and liquid investment opportunities, we are performing a Token Generation Event (TGE).The goal of this TGE is to enable The Elephant to expand its already operating platform and shares portfolio into a leading global tokenized secondary market platform.Our mechanism is based on the creation of dedicated partnerships that buy the shares from the original shareholders and enable investors to invest in these shares by buying participation rights in these dedicated partnerships.