The Maya Coin is a token, issued by Maya Holdings OÜ- a company incorporated in Estonia, which will fund product development.
50,000 security tokens of 10 Euros (500,000 Euros) each are issued in the pre-sale phase. The capital raised will be used for developing the technology to issue the coin, manufacture two pilot plants and install them in East Africa and hire the management team. The pre-sale phase will have a hard cap of Euro 1 million.
90,000 Security Tokens of 20 Euros each (1,800,000 Euros) will be sold at the actual STO to raise funds for the first 18 months of the project. Proceeds will be used for business development, closing contracts, research, legal expenses, etc. The STO is expected in 3 months of the successful completion of the pre-sale. Proceeds from the STO will be used for acquisition of companies which have currently been developing the technology. (Elf Israel Ltd. and VIP Energy Ltd.)
During the first 12 months of operation the management team will develop and register a prospectus with the Estonian Financial Supervisory Agency (EFSA) for a Security Token Offering (STO) of 10 Million Euros in Year 2. The STO will issue a securitized token, which will be used to finance plants. We expect the security token to have a minimum guaranteed annual return of 7% from 2021 though planned returns may be between 11-15%, the company expects to pay higher returns than the guaranteed return based on market performance of the units. The company will either repurchase the security tokens in 2031 and burn them or continue paying the return at its discretion.
Maya Holdings OÜ, a private limited company, has been established in Estonia as of December 2019.
Maya Holdings OÜ will incorporate two subsidiaries: Maya Coin OÜ and Maya Energy OÜ.
Maya Coin OÜ will be the coin issuing company and finance Maya Energy OÜ which will in-turn own the assets.
Estonian law requires that any security token offering which raises over 2.4 million Euros in the first year, requires to have its prospectus approved by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon).
security tokens of