{"id":157217,"date":"2021-01-18T15:00:00","date_gmt":"2021-01-18T12:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/infinite-fleet-publisher-launches-sto-led-by-1m-investment-from-tether\/"},"modified":"2021-01-18T15:00:00","modified_gmt":"2021-01-18T12:00:00","slug":"infinite-fleet-publisher-launches-sto-led-by-1m-investment-from-tether","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/infinite-fleet-publisher-launches-sto-led-by-1m-investment-from-tether\/","title":{"rendered":"# Infinite Fleet publisher launches STO led by $1M investment from Tether"},"content":{"rendered":"

“# Infinite Fleet publisher launches STO led by $1M investment from Tether <\/strong>”
\n<\/p>\n

Exordium, the publisher of the upcoming sci-fi strategy game<\/a> Infinite Fleet, has announced a public security token offering, or STO, on the STOKR platform, starting Jan. 18.<\/p>\n

The $8 million sale to raise funds for the long-touted blockchain-powered MMO (or massive multiplayer online game), is being led by a $1 million investment from Tether International, the issuer of the largest stablecoin Tether (USDT).<\/p>\n

The public portion of the STO will have a hard-cap of $1 million and be limited to select European countries. This will include the majority of the European Union, with the notable exceptions of Germany and Belgium, due to regulatory restrictions.<\/p>\n

However, unlike the majority of pre-sales to raise funds for upcoming games, participants will receive equity in the game\u2019s publishing company and a share in future profits. The security tokens in this $8 million raise will represent a pro-rata right to 20% of Exordium’s profit.<\/p>\n

Hope Fan, chief marketing officer of Infinite Fleet developer Pixelmatic, told Cointelegraph why Exordium chose to take the STO route, rather than hold a pre-sale of utility tokens or NFTs:<\/p>\n

\u201cWe are trying to build a sustainable business with a long time horizon, while at the same time driving the adoption of crypto for both gaming and capital markets. Utility token sales also often fall in a regulatory grey area and hence it’s something we want to avoid. With an STO and a public filing, we are able to offer equity to the average person who supports the project, which is pretty cool.\u201d<\/p><\/blockquote>\n

Investors will be able to invest as little as $100 equivalent to buy EXOeu security tokens, representing shares in the Exordium parent company, using a variety of currencies including euros, Bitcoin (BTC) and Tether.<\/p>\n

The STOKR model democratizes public access to venture capital projects and integrates the Blockstream AMP platform on Bitcoin\u2019s Liquid sidechain to issue the security tokens.\u00a0Tether chief technology<\/a> officer Paolo Ardoino explained the company\u2019s interest in the blockchain gaming market:<\/p>\n

\u201cAs a former MMORPG game developer myself, I see great potential in the app<\/a>lication of crypto assets to multiplayer online games. It is a perfect match of two rapidly growing digital sectors with tremendous upside.\u201d<\/p><\/blockquote>\n

Infinite Fleet first announced its intention to raise capital through securities sales on STOKR in April 2020, although the Samson Mow-helmed game\u00a0raised $3.1 million through a private STO\u00a0fundraising round on an alternative platform, BnkToTheFuture, in August 2020.<\/p>\n