Los Angeles and Argentina, (April 1st, 2017) – Voxelus, the world’s leading virtual reality world builder and marketplace, today announced that it will offer up to a 33.3 percent equity stake in Voxelus, Inc., in exchange for up to 31.5 million voxels.
No obligation is required for holders to trade in their Voxels and they will continue to actively trade on Bittrex, Poloniex, Shapeshift and other exchanges globally. Voxels will still remain as the only method of purchasing VR assets, games and worlds on the Voxelus marketplace. The exchange runs at a fixed rate of 2.116 percent of the company for every 2,000,000 voxels, regardless of the price of voxels that day.
A minimum of 2 million Voxels is required to participate and the maximum amount of Voxels each holder can exchange for equity is 10 million. Those voxels re-acquired by Voxelus will be used for its next round of funding at the rate of no more than 1,000,000 voxels per month. The equity stake in Voxelus will be in common stock in Voxelus, Inc., which is a Delaware corporation with business development and marketing in Los Angeles and technical operations in Argentina. Since there is no preferred stock issued, all persons participating will be on an even playing field with the founders, early investors and employees.
In order to participate in the program you will need to be a US resident and an accredited investor. If you are not a US citizen or resident you might be able to participate as there are other countries supported but we are reviewing on an case by case basis. However you will need to be considered an accredited investor in your country of residence.
In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year The term "accredited investor" is defined in Rule 501 of Regulation D of the U.S. Securities and Exchange Commission (SEC).
Learn more and apply here: Voxelus Equity Program Application.
Voxelus is a platform that allows anyone, anywhere to create, share and play virtual reality games and experiences without writing a single line of code. Voxelus also features a real time multiplayer app that plays the content created with the desktop tool, currently working on Oculus Rift and the Samsung Gear VR.
The Voxelus Marketplace allows users to expand their content library by purchasing 3D assets from designers all around the world. The marketplace is an online curated 3D asset store compatible content with the voxelus platform.
We took the hassle out of 3D content, in the marketplace you just select what you want, you purchase the asset and then it becomes automatically available in The Voxelus Creator the next time you open it or hit refresh.
To operate in the Marketplace users need Voxels which is currently the only form of money used inside the Voxelus Platform.
Voxelus also announced their partnership with Flatpyramid.com, an online marketplace for discovering, buying and selling 3D content. With the partnership, Voxelus will integrate up to 7000 Flat Pyramid VR assets such as non-proprietary graphics, images and 3D models, including still and animated characters and environments into the Voxelus Marketplace, making them readily accessible for creating custom VR worlds immediately ready for multiplayer.
The Voxel Foundation will be initially endowed with a grant of 5 million Voxels, with up to an additional 10 million Voxels in future years to support its mission, according to Voxelus CEO Martin Repetto. Among the Foundation’s goals will be expanding the robust cryptocurrency to work with a variety of networks, games, VR platforms and entertainment content providers, brands and advertisers, as well as to seed its adoption in universities, VR enthusiast groups, and gaming/VR enthusiasts globally.
Find answers to the FAQ's
“Our shared future is money that drives ecosystems. Until now these ecosystems have been entirely national in character. The Voxel is about unleashing the potential of innovation in technology everywhere it finds fertile ground.”
“The Voxel is a new breed of cryptocurrency: asset-backed, quickly convertible to and from other digital and fiat assets, fast transactions, highly secure and with no scaling issues.”
“Having the Voxelus marketplace use its own cryptocurrency, which freely trades on exchanges globally, allows the 2.5 billion people in the world who have no bank account but have a mobile phone to create, buy and sell virtual reality content.”