Basic Information
according to the Tokens and TT Service Provider Act (TVTG) for the public offering of the $WSDM Utility Token.
Token Issuer according to TVTG: LCX AG
Date of the Basic Information:
January 23, 2024
The Token Issuer, according to TVTG is the company raising funds in the name and for the account of Wisdomise, a company incorporated in switzerland, registered with swiss commercial register under registration number CHE 454- 458-402 with seat and correspondence address in 6340 BAAR CH. (Wisdomise), accepts responsibility for the contents of this Basic Information and declares that as at the date of this Basic Information, to its knowledge, the information provided is correct and no material circumstances have been omitted. All investments, including Investment in the $WSDM Tokens, involve certain risks, including the total loss of invested funds. Potential buyers should read the contents of this Basic Information in its entirety prior to making an investment decision.
LCX AG, Herrengasse 6, 9490 Vaduz, Liechtenstein
represented by Monty C. M. Metzger, CEO
Table of Contents
2.1. WARNINGS
2.2. KEY INFORMATION ON THE ISSUER
2.3. KEY INFORMATION ON THE $WSDM TOKEN
2.4. KEY INFORMATION ON THE TOKEN SALE ECONOMICS
3.1. VISION AND MISSION
3.2. Wisdomise
9.1. Tokens are non-refundable
9.2. Tokens are provided on an “as is” basis
9.3. Risks relating to digital asset networks
9.4. Loss of private keys may render Tokens worthless
9.5. Irreversible nature of blockchain transactions
9.6. Risk of wallet loss, hack, or data theft
9.7. Tax Risks
9.7. Disclosure
This document contains Basic Information according to Art. 33 of Tokens and TT Service Provider Act (“TVTG”).
The offering of the $WSDM Token (“$WSDM” or “Token”) will be carried out by LCX AG (“the Issuer”) in Liechtenstein pursuant to Liechtenstein law on behalf and for the account of Wisdomise, a company incorporated in switzerland, registered with swiss commercial register under registration number CHE 454- 458-402 with seat and correspondence address in 6340 BAAR CH (“Wisdomise”)
LCX AG is regulated by the Financial Market Authority of Liechtenstein under registration No. 288159 as a trusted technology service provider. LCX AG is registered as TT Exchange Service Provider, TT Token Depositary, Token Generator, TT Key Depositary, TT Price Service Provider, TT Identity Service Provider, TT Token Issuer for our own name (Article 12(2) TVTG) and TT Token Issuer for third parties (Article 12(1) TVTG) under the provisions of the TVTG.
Only registered users of the LCX platform (see: https:/LCX.com) are eligible to purchase the Tokens. All buyers must read and accept the Terms of $WSDM Token Sale published on the purchasing platform.
Any potential buyer will be subject to all applicable KYC/AML in place at the time of the purchase through LCX AG. Failure to comply with the KYC/AML procedures and routines applicable to the purchase of Tokens shall prevent the purchase of the Tokens or the imposition of sanctions on purchasers, including the freeze of funds, mandatory cancellation or redemption of Tokens or any other measure that the Issuer may deem appropriate to meet the applicable regulatory requirements.
Whether the Token constitutes a suitable investment must be assessed in light of each investor’s own circumstances. Neither this Basic Information nor any marketing material relating to the Basic Information constitutes investment advice, financial advice or any other kind of advice to investors. Investors must make a suitability assessment regarding investments in the Token or consult with the investor’s professional advisors. An investment in the Token is only suitable for investors who have sufficient experience and knowledge to assess risks related to the investment.
The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating. The following Jurisdictions are defined as prohibited countries according to Issuers AML framework in general: Afghanistan, Angola, Bahamas, Barbados, Bangladesh, Bosnia and Herzegovina, Botswana, Burkina Faso, BVI, Cambodia, Cayman Islands, China, Colombia, Cook Islands, Crimea Region, Cuba, Ecuador, Eritrea, Ethiopia, Ghana, Guyana, Iran, Iraq, Jamaica, Kenya, Kosovo, Laos, Lebanon, Libya, Mauritius, Montserrat, Morocco, Myanmar (Burma), Nauru, Nicaragua, North Korea, Pakistan, Palestinian Territory and Gaza Strip, Panama, Papua New Guinea, Samoa, Sao Tome and Principe, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tonga, Trinidad and Tobago, Tunisia, Uganda, Vanuatu, Venezuela, Yemen, Zimbabwe.
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR CHINA OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED – THIS TOKEN OFFERING IS AVAILABLE ONLY TO ADDRESSES OUTSIDE OF THE UNITED STATES, CHINA OR OTHER RESTRICTED JURISDICTIONS.
The Issuer has not authorized the making of any offer by any offeror, and the Issuer has not consented to the use of this Basic Information by any other person in connection with any offer of the Basic Information in any jurisdiction.
Any offer made without the consent of the Issuer is unauthorized and the Issuer does not accept any responsibility or liability in relation to such offer or for the actions of the persons making any such unauthorized offer.
This summary is an overview of the subsequent Basic Information.
Potential buyers of $WSDM Tokens are urged to read the entire Basic Information.
Participation in the Token Sale involves substantial risks. Participants could lose all or part of the invested capital. Civil liability attaches only to those persons who have tabled the summary including any translation thereof, but only where the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Basic Information.
LCX is a regulated, compliant, and secure blockchain company established in 2018 and headquartered in Vaduz, Liechtenstein.
LCX, LCX.com, the Liechtenstein Cryptoassets Exchange, or LCX AG (hereinafter referred to as “LCX” or “LCX AG”) is a globally-focused financial technology company. LCX AG is established under the jurisdiction of Liechtenstein, with its registered address at Herrengasse 6 in Vaduz, Liechtenstein, 9490 Vaduz. Registered in the commercial register at Vaduz, Liechtenstein with register number: FL-0002.580.678-2 and Legal Entity Identifier (LEI) Number 529900SN07Z6RTX8R418.
As a Trusted Technology Service Provider that is registered under the Blockchain Laws (TVTG), LCX is required to comply with the KYC/AML/CFT standards under the Due Diligence Act and is supervised by the Financial Market Authority in Liechtenstein (“FMA”). The core activities of LCX in accordance with the scope and the definitions of the Lichtenstein Blockchain Act are to offer services as:
LCX is the Token Issuer of $WSDM and facilitates the $WSDM Token sale. This includes the legal issuance of the $WSDM token in LCX’s role as the registered Token Issuer, investor the identification in LCX’s role as TT Identity Service Providers, secure custody in LCX’s role as TT Token Depositary and TT Key Depositary, and listing $WSDM at LCX Exchange in LCX’s role as TT Exchange Service Provider.
LCX’s token sale manager and comprehensive crypto compliance suite empowers Wisdomise to manage the $WSDM Token sale in a compliant manner. LCX’s advanced Crypto Compliance Suite comprises Know-Your-Customer (KYC), Anti-Money-Laundering (AML), and Blockchain Analytics (KYT) processes facilitate quick and automated investor onboarding for the private sale and public sale.
The LCX ecosystem consists of LCX Exchange, a regulated centralized exchange for a variety of digital assets, MasterDEX, a powerful DEX aggregator, Tiamonds, real-world diamonds as NFTs.
The primary business model behind Wisdomise is a hybrid Freemium model: select free features, together with premium features on a flat-fee subscription, and (later) an option to opt for profit-sharing instead of subscription for most of the features. Subscriptions and/or profit shares can be paid out in fiat, stables, and (soon) WSDM. As a multi-utility service token, WSDM turns Wisdomise into an evolving ecosystem (of partners) from its initial platform structure. Below table summarizes the key utilities of the WSDM token (and we keep listening to the voice of our community and adding to this list).
At the very heart of how we have designed WSDM tokenomics lies a virtuous cycle or self-reinforcing flywheel: the more and better features or use-cases Wisdomise or its ecosystem partners add to the platform, the more value it can potentially generate for the users, leading to more users joining the ecosystem. The more users joining the ecosystem, the more it becomes attractive and value-generating for new users to join (i.e. network effects due to the open, multi-sided platform structure of Wisdomise).
|
Category |
Utility |
|
Staking Rewards |
Instead of paying for Wisdomise’s subscriptions, token holders can opt to stake a minimum number of $WSDM tokens (depending on the subscription tier of interest) and enjoy free access for as long as they hold up their stake |
|
Reduced Charges |
Token holders benefit from reduced trading fees, API access fees, and other payable services (B2C and B2B) of the platform |
|
Exclusive Access |
With a minimum number of tokens, $WSDM holders enjoy early (and usually exclusive) access to new releases, advanced features, premium strategies, and specific components of the Wisdomise platform (and, potentially, its ecosystem partners) |
|
Private Channels |
With a minimum number of tokens, users and community members benefit from certain, privileged channels and events, such as private events, investment talks, pro newsletters including weekly market watch, and invite-only channels |
|
Loss Protection |
As an insurance mechanism, users can stake (and/or pay) a certain number of $WSDM tokens (in tiers) and enable some sort of (partial) loss recovery on their passive investments |
|
Protocol Fees |
When/if Wisdomise becomes an open protocol with third-party developers building (d)Apps on it, $WSDM will be used as the main (and potentially only) currency for the payment of the protocol fees |
In return, the more users benefiting from the platform’s real-time value, the more they tend to buy and hold WSDM tokens not only to save on their immediate costs but also to participate in the future promises of the platform. The more users buy WSDM token either as an investment vehicle or service utility, the more valuable it becomes (due to its finite supply), making it even more attractive as an investment opportunity. The more platform features or ecosystem partners, the more interest to buy and hold WSDM tokens as well (and the other way round).
Last but not least, the more token holders, the higher the number of them trying out the Wisdomise platform and turning into active users over time. This is how the self-reinforcing flywheel kicks in: from active users (i.e. product adoption) to token holders (i.e. active wallets) and vice versa, from token holders to active users.
The $WSDM Token will be at the center of the ecosystem, as such we want to ensure that it is widely distributed amongst our community, whilst ensuring that the core team retains some ability to guide development.
Details about the timing and process of the Token Sale will be published at LCX.com and accounts.LCX.com/Token-Sale.
Token sale start date: February 5, 2024
Token sale duration: Maximum of 3 months after start of sale.
Token supply: 1,000,000,000 $WSDM Tokens
Private Sale: 13,333,333 $WSDM
Public Sale: 8,000,000 $WSDM
Currencies accepted: USDC, and EUR.
Token Type: Utility Token
The WisdomiseToken, called “WSDM” for short, is the Utility Token for the WisdomiseMedia Platform. The total amount of “WSDM” is finite, with only a maximum of 100M that can be minted from the Treasury.
TOKEN RELEASE STRUCTURE
Private sale has the following vesting structure:
The public sale has the following vesting structure:
Wisdomise is an all-in-one, AI-powered platform offering users curated intelligence and exposure to investment opportunities in digital assets (to begin with) and later other financial markets. Achieving this goal will be one step ahead towards “democratizing wealth creation”, improving financial inclusion globally and making everyone a better investor. At Wisdomise, we know that this is a big vision and needs the support of the community of our users and ecosystem partners to achieve it.
Access to financial products, especially investment and wealth management opportunities, is far from being inclusive these days. Many people are still completely unbanked and among those who are banked, only a small fraction have access to structured financial products and passive investment opportunities. This is primarily due to a number of key factors. First of all, the current structure of financial markets presents substantial (capital and regulatory) barriers to entry for potential participants therein. Furthermore, profitable, risk-controlled investment would require specialized skillsets, significant time and dedication, and access to more and better sources of information (and these are surely not given for most people).
Moreover, the abundance of (structured and unstructured) sources of data and multiplicity of actors and factors that influence financial markets make it certainly impossible for individuals to outperform (at least, without the serious assistance of the relevant technologies).
Last but not least, the hyperdynamic and fast changing nature of the financial markets necessitates the need for constant learning and adaptation, which is beyond the capacity of most investors, especially the less active and professional ones. These challenges lead to wealth management becoming a full-time job on its own, an exclusive club for a few, and a big dream for the masses.
The problem at hand can be tackled in different ways and we, at Wisdomise, aim to solve it from three angles:
Aiming to build a more universal solution, we target three broad categories of users on the Wisdomise platform:
Wisdomise has something to offer for each of these categories.
For finance enthusiasts, we offer a variety of information sources, typically synthesized and visualized in a more engaging and informing manner. Examples include news, market sentiments, and educational content.
For passive investors, we offer a series of proven financial products, developed by Wisdomise itself or third-party developers on the platform, potentially generating passive income for these investors.
For active investors, we offer specialized tools and data, such as premium signals and indicators, portfolio optimization, and real-time strategy building and backtesting features.
Wisdomise is a Financial Intelligence SuperApp, a one-stop-shop platform for financial intelligence and passive investment.
The company is a Swiss-regulated entity. The team is composed of 20+ people (45% PhDs and 40% medalists in Int’l Olympiads) and a stellar Advisory Board (BlackRock, McKinsey, Morgan Stanley, Goldman Sachs, MIT, Stanford, Du Telecom, and Uber).
The current offering includes a predictive AI chatbot and an AI auto trading platform for retail users on a monthly subscription plan ($29-$149 pm). The Beta has attracted over 15,000 active users and 24,000 community members organically.
Please refer to the White Paper for more detailed info about the Wisdomise roadmap and the $WSDM Token.
The $WSDM Token qualifies as a utility token pursuant to Liechtenstein’s Act on Token and Trustworthy Technology Service Providers (TVTG).
$WSDM Tokens do not constitute any absolute or relative rights at all. $WSDM tokens grant absolutely no promise of share in revenue, earnings or any other form of income. This token’s purpose is to act specifically as a utility and to facilitate the governance of the Wisdomise ecosystem.
Chain: Ethereum Chain (ERC-20)
Token Ticker: $WSDM
The Wisdomise Token, called “WSDM” for short, is the Utility Token for Wisdomise. The total amount of “WSDM” is finite, with only a maximum of 1 Billion that can be minted from the Treasury.
Wisdomise is financing operations and other costs related to the Wisdomise components through the $WSDM Token Sale. Wisdomise has created the $WSDM Token as a utility token with a long-term incentive model for customers and platform users..
Wisdomise has chosen LCX to manage and facilitate the $WSDM Token Sale. LCX is not responsible and not liable for any business activity of Wisdomise.
For the purpose of the token sale, Wisdomise authorized LCX AG to facilitate the public offering through LCX AG on behalf and account of Wisdomise . For the $WSDM Token Sale LCX is also responsible for the investor identification in LCX’s role as TT Identity Service Providers and secure custody in LCX’s role as TT Token Depositary and TT Key Depositary.
After concluding the $WSDM Token Sale, LCX will be listing $WSDM at LCX Exchange in LCX’s role as TT Exchange Service Provider.
The $WSDM Tokens will be publicly offered by LCX AG to the users of the LCX platform.
The $WSDM Token does not represent any contractual rights or claims that entitle the Token holder to receive payments or other forms of compensation, or give the Token holder ownership of a legal person, contractual rights or any similar rights.
Token holders cannot request an exchange or redemption of the monetary value vis-à-vis the issuer, LCX, or vis-à-vis Wisdomise .
Users can subscribe for $WSDM Tokens, in the sense of an expression of intent for the purchase of Tokens to be placed on the market, when the public offer begins. If the number of subscriptions reaches the existing quantity of Tokens to be placed on the market by LCX, then LCX completes the public offer and distributes the Tokens to the users who subscribed for them.
Wisdomise will mint total 1 Billion $WSDM tokens , with 30% distributed for marketing, 25% for ecosystem, 17% has been reserved for Wisdomise team members, 10% for Private Round, 4% for each Angel Round and Strategic Round, 5% for Liquidity and rest 5% will be reserved for Advisers.
The issue date of the $WSDM Tokens will be February 5, 2024.
The Issuer is not obliged to provide Token holders with a refund for any reason and Token holders cannot request an exchange or redemption of the monetary value vis-à-vis LCX AG or vis-à-vis Wisdomise.
Tokens will be provided on an “as is” basis. The Issuer and each of their respective directors, officers, employees, equity holders, and affiliates make no representations or warranties of any kind. Digital assets are part of a new and rapidly evolving industry, and the value of $WSDM depends on the development and acceptance of this industry.
Extreme volatility in the future could have a material adverse effect on the value of $WSDM and $WSDM could lose all or substantially all of its value.
Digital asset networks are dependent upon the internet. A disruption of the internet or a digital asset network, such as Ethereum and the Polygon Network (Matic), would affect the ability to transfer digital assets and, consequently, their value. Many digital asset networks face significant scaling challenges and are being upgraded with various features to increase the speed and throughput of digital asset transactions. These attempts to increase the volume of transactions may not be effective.
Banks may not provide banking services, or may cut off banking services, to businesses that provide digital asset-related services or that accept digital assets as payment, which could dampen liquidity in the market and damage the public perception of digital assets generally or any one digital asset in particular, such as Bitcoin, and their or its utility as a payment system, which could decrease the price of digital assets generally or individually.
If a private key is lost, destroyed or otherwise compromised and no backup of the private key is accessible, Token holders will not be able to access the blockchain asset associated with the corresponding address, and the Issuer will not be able to restore the private key.
Transactions involving Tokens that have been verified, and thus recorded as a block on the blockchain, generally cannot be undone. Even if the transaction turns out to have been in error, or due to theft of a user’s Tokens, the transaction is not reversible. Consequently, the issuer is unable to replace missing Tokens or seek reimbursement for any erroneous transfer or theft of Tokens.
The Tokens are held by the investor in wallets, a coded access. If the investor loses this access, there is no way to get to the Token. They will be lost. In particular, the Issuer is neither actually nor legally able to regenerate and issue the Tokens. The same risk exists if a third party succeeds in gaining unauthorized access to the wallet. Also, in this case, where a third-party succeeds in removing and transferring the Tokens from the wallet, the Issuer is not able to issue new Tokens to the investor.
Prospective Token holders must seek their own tax advice in the relevant jurisdictions in connection with acquiring Tokens, which may result in adverse tax consequences, including withholding taxes, income taxes and tax reporting requirements.
LCX is solely acting as a trusted technology service provider for this token sale and is not responsible and not liable for any business activity of Wisdomise. LCX is getting compensation from Wisdomise as a success fee and other compensation paid in the project native token and other assets. Monty Metzger is CEO at LCX. From time to time LCX and Monty Metzger will engage in transactions of their own tokens.
Contacts:
For LCX AG,
Herrengasse 6
9490 Vaduz
Liechtenstein
Monty C. M. Metzger, CEO and Member of the Board
Wisdomise
6340 BAAR CH
Dr. Fardad Zand – CFO & Co-Founder/Director
This Basic Information and the rights and obligations of the investors and the Issuer are governed exclusively by the laws of Liechtenstein excluding the application of International Private Law and the UN Sales Convention. The place of jurisdiction for all disputes arising out of or in connection with the public offering pursuant to this Basic Information shall be the jurisdiction of the Liechtenstein courts.
Should any provisions of this Basic Information, be or become invalid or unenforceable as a whole or in part, the remaining provisions shall remain in force. Any legally ineffective or unenforceable provisions shall be replaced by legally effective and enforceable provisions in accordance with the meaning and purpose of this Basic Information and the Token description, which in their economic effects come as close as legally possible to the legally ineffective or unenforceable provisions.
LCX AG is a company founded in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
