KABN (Gibraltar) PLC to Launch ERC 1400 Equity Token Offering

Crowdfunding Offering supported by UK Based Tokenise and KABN Equity Token created using Polymath Token Studio

Gibraltar–(Newsfile Corp. – December 9, 2019) – KABN (Gibraltar) PLC (“KABN” or the “Company“) is pleased to announce that it has created its KABN Equity Token using the Polymath Token Studio and will make its Equity Token available for sale through a public Equity Crowdfunding sale via UK based Tokenise, which is fully compliant with the UK FCA regulatory framework. The Company’s Token Offering information site can be found at www.kabntoken.com.

Unlike a network or utility token, each KABN Equity Token will represent a KABN (Gibraltar) PLC Preference Share as equity or ownership in the Company.

After spending well over 2 years to develop, test and launch its active business platform, KABN believes that ownership of identity is a basic human right and that individuals should be the primary beneficiary of any use of that identity data. To that end, KABN has developed a continuous, Always On, verified identity solution for commercial clients and consumers that allows individuals to manage both their private and public data, restricting the sharing and use of that data while benefiting the user. KABN also has a platform that will help users maximize value of their data through qualified offers from 3rd parties, including KABN’s Financial Services program KABN KASH and its Pegasus Flyte digital currency linked VISA card program.

The KABN Equity Token is a new generation of Security Token Offerings created with the Polymath Token Studio, allowing qualified private and public investors to purchase KABN Preference Shares, or Equity in the Company, represented by tokens on the Ethereum Blockchain. The KABN token can be viewed by visiting:

https://etherscan.io/token/0xa3B13D8071A633434B01f4C908C3Fe3874Fbbcf8#readContract

KABN has designed its Equity Token Offering to be a true investment in the Company, allowing Preference Share and Token Holders to participate in the potential growth and long-term value appreciation of the Company. KABN Preference Share / Equity Token Holders will receive first priority of dividend distribution and in the event that KABN has a liquidity event, all KABN Equity Token holders will be included in the event, allowing KABN Equity Tokens holders to truly benefit in the Enterprise, or overall value of the Company.

Equity Token Offering

Under the terms of its agreement with Tokenise, KABN will be raising a maximum of 8 Million Euros through the sale of up to 39 Million KABN Preference Shares through the Company’s Equity Crowdfunding Offering. Each KABN Equity Token will represent one (1) KABN Preference Share and the KABN Equity Token will be entitled to all the benefits of KABN Preference Share ownership. The Offering is expected to begin in early December 2019 and close no later than February 28, 2020. For further information, please refer to the Document Download section of KABN’s Token site.

Additional Private Sale rounds will be available to qualified investor groups and registered capital firms at the sole discretion of the Company.

KABN Token.com

KABN has launched its Token site to provide potential investors with a comprehensive overview of KABN, its Equity Token Offering and all its supporting documentation. For further information, please visit www.kabntoken.com

All potential investors will be required to comply with qualification testing, KYC / AML review and to complete a subscription agreement as the KABN Preference Share Offering and KABN Equity Token is being offered through Tokenise in compliance with UK Equity Crowdfunding regulations and the FCA regulatory framework.

Participation in the KABN Equity Token Offering

For those interested in participating in the KABN Equity Token Offering, please join the KABN Whitelist at https://www.kabntoken.com/whitelist-fp/ KABN will potentially be offering early participants additional value offerings.

Listing on Exchanges and Digital Trading Platform

KABN is in discussions with a number of leading global Exchanges and Digital Trading Platforms to list the KABN Equity Token for trading on these Exchanges as a Security Token. The response to date has been very favourable and KABN expects to release additional information on its progress in the near future.

KABN Technology

KABN has developed a proprietary, patent pending platform for its identity verification, validation and data management platform that uses biometrics and the Blockchain to manage identity in compliance with Europe’s GDPR protocols and other leading jurisdictional privacy policies. KABN never puts Personally Identifiable Information (PII) on the Blockchain and limits the sharing of any confidential data with 3rd parties.

KABN Strategic Growth Program

KABN has also embarked on a path to analyze and where effective, enter value-based relationships in various geographic regions globally. One such proposed opportunity has been announced for KABN Systems North America Inc., whereby KABN will be a holder of shares in this strategically positioned company in Canada, which, subject to regulatory approval will be publicly trading in Canada, and that will represent the KABN product suite in Canada and the United States. KABN believes that these types of opportunities can enhance the value of the Company while potentially minimizing the capital requirements necessary to open up its jurisdictional applications. KABN as a Company will hold a minority position in the North American enterprise and will be entitled to licensing fees for its proprietary technology usage.

About KABN – www.kabn.com

KABN’s mission is to create a world-class suite of products and services that support the decentralized market economy, globally enabling consumers to manage their digital identity and other data to create value-based relationships in the financial and loyalty services arena.

KABN believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity.

At the heart of the KABN suite is KABN ID a global platform that verifies, manages and monetizes online identity. KABN ID offers consumers, ‘One and Done’, ‘Always On’ and verified, blockchain and biometrically based, validation and verification for identity. This patent-pending, GDPR compliant process facilitates efficient and frictionless customer acquisition and onboarding across single or multiple platforms.

As part of its integrated financial service platform offering, KABN has received approval to launch its digital currency linked card and banking wallet program in Europe and has announced its intention to also launch this program in North America. Both programs will launch via KABN’s Pegasus Flyte branded card program together with KABN KASH, an innovative loyalty and engagement program for its customers.

KABN is continuing to engage with partners globally to expand the Pegasus Flyte and KABN KASH program, as well as other new and exciting programs for our clients and consumers.

For further information, please contact:
[email protected]