Q&A WITH JAMES SPENCE
QWhat is the minimum investors can put in?
A $100. That is a lot cheaper than most investments in impact – for those you will be asked to place $10,000 for 10 years.
How easily can you access your money?
It’s like any digital security; if you need your money back tomorrow then you just sell it at the market price. And we won’t be charging a fee. A lot of platforms charge a 5 per cent bid spread on the buy and sell price – ours will be at the market rate.
So, there is no lock-in period?
When people first buy our digital security there will be a lock away period; we can’t have people buying and selling coins until the projects are built. Once the project starts generating a revenue, we’ll put it out there for the retail market to resell. The length of the lock-in period is yet be fully discussed and disclosed.
What will that token buy?
You won’t specifically own assets in one project, you’ll own a share of the whole company – so multiple projects that are all generating a revenue. You are getting returns on your $100 share as your percentage over the whole of the company.
What are the risks for investors?
We are looking at funding the first couple of projects alternatively so that we already have a working revenue model before the investors come in. That takes away a lot of the risk if we already have an income coming into the company.
Could investors lose their money?
With any investment in the world you can lose your money. But when you buy the security you own the physical assets. If there had to be a liquidation ... [the physical assets] would get sold and the investors would get priority for any disbursement.
What type of investors are you targeting?
We’re not going to the retail market yet. We’re going to accredited investors to start off … the retail market will take some time. It costs a lot to be signed off by all the regulators globally for the retail segment. By the time we get to that stage, we will already have most of the power projects built through the accredited investors.