FENIX - where
blockchain and music meet

The FENIX platform comprises two core businesses:

• A platform accessed through the FENIX App, by which artists can offer fans a single point of access to all of their content, both in terms of their music and all other music-related offerings, including exclusive products and access that are only available through the platform. From the fans perspective, the FENIX platform allows fans one place where they can search for offerings from their favourite bands and artists and get direct access to their favorite bands, and particular product that they may offer; and
• Through FENIX.CASH Tokens, a means by which fans can access such products and through which artists can generate additional revenue which is complementary to revenue that they currently earn from the streaming of their music.

FENIX.CASH Tokens are based on the QTUM platform and derived from QTUM Tokens. FENIX decided to based its FENIX.CASH Tokens on QTUM, because it believes that QTUM represents the best features of both Bitcoin and Ethereum.

FENIX.CASH Tokens will enable token-holders to fully engage with artists and musicians and to acquire products and experiences being offered through the platform.

• 21 March . 9 April 2018
  Private pre-ITO placement whereby 15,077,688 FENIX.CASH Tokens were placed at a discount of 50% to the Crowd Sale ITO price.

• 31 May - 31 June 2018
  Crowd Sale ITO of up to 720,000,000 FENIX.CASH Tokens.

  Crowd Sale ITO price shall be determined based on a ratio of 1 QTUM to 50 FENIX.CASH Tokens.

  To encourage early participation in the Crowd Sale ITO, investors will be granted bonus tokens, which shall be taken out of the aggregate FENIX.CASH Tokens on offer on the following basis, for every token acquired in the associated period:

  • May 31 - June 4 2018: 30% bonus FENIX.CASH tokens
  • June 5 - June 7 2018: 20% bonus FENIX.CASH tokens
  • June 8 - June 13 2018: 10% bonus FENIX.CASH tokens
  • June 14 - June 20 2018: 5% bonus FENIX.CASH tokens
  • 21 June 2018 onwards: NO BONUS

  The issuance of bonus FENIX.CASH Tokens for early participation in the Crowd Sale ITO are not reflected in the proceeds to be raised within this tranche.

The Crowd Sale ITO has a hard cap of US$50 million.

Any unused tokens in the Crowd Sale ITO that are not used shall be burned.

All potential purchasers must:

• Create an account with FENIX through our website at https://fenix.cash; and
• Complete mandatory Know Your Customer (KYC) and Anti Money Laundering (AML) checks in order to be considered for purchase.

Investors from certain countries are excluded from participating in the FENIX Crowd Sale ITO.

You must be 18 years or older to participate in the Crowd Sale ITO.

Approved purchasers will be notified by email.

KYC verification documents include:

• One of a passport, national identity card, or drivers license;
• A picture of your with your passport; and
• A public ethereal address.

For a detailed explanation, see How to do KYC/AML.

There are two ways to receive FENIX.CASH Tokens at a discount to the Crowd Sale ITO price:

• Participate in the private pre-ITO placement, which will allow you to acquire FENIX.CASH Tokens at a discount of 50% to the Crowd Sale ITO price or in certain circumstances a discount of up to 66.67% of the Crowd Sale ITO price and

Further, if you acquire FENIX.CASH Tokens in the Crowd Sale ITO between 31 May and 20 June 2018, you will be entitled to a bonus issue of FENIX.CASH Tokens, which will effectively reduce the price of tokens that you have acquired

You must be 18 years or older.

Further details of the bonus issuance of FENIX.CASH Tokens are set out above

Yes and no

FENIX is entirely separate from QTRAX MUSIC both from a structural and operational perspective. However, with both businesses focused on providing users a comprehensive music solution, there are clear opportunities of synergies between both entities.

In this regard, FENIX and QTRAX MUSIC will enter into a cooperation agreement on an arms length basis before the launch of the Crowd Sale ITO.

See How to buy FENIX.CASH Tokens.

We will accept ETH, QTUM and BTC, as well as credit card payments from participating issuers, by special arrangement.

Note: Credit card payments will be subject to transaction fees and tokens will be locked (no sales and no payments) until we can secure the community from chargebacks. This period could take weeks or months for some investors.

In its simplest form, a blockchain is a kind of independent, transparent, secure and permanent database coexisting in multiple locations and shared by a community.

The magic of the blockchain is that the database is not stored in one place or managed by any particular body. Instead, it is said to be distributed, existing on multiple computers at the same time in such a way that anybody with an interest can maintain a copy of it.

Further, the validation system provides the security that ensures that nobody can tamper with the records in the database. Old transactions are preserved forever and new transactions are added to the ledger irreversibly.

Anyone on the network can check the ledger and see the same transaction history as everyone else.

Bitcoin is the largest and most established digital currency.

As of 14 May 2018, there were 1,610 digital currencies available over the Internet.

However, new digital currencies can be and are created at any time.

An Initial Token Offering, or an ITO, is a means of fundraising where new projects create a new digital currency that allow the public to use the new project.

An ITO is similar to a more traditional Initial Public Offering, or IPO, save that in the case of an IPO, investors acquire shares in the underlying company.

Scrutiny of ITOs by governments and financial regulators is high for all of the reasons set out herein, but the approach between each jurisdiction varies significantly.

At the most extreme level, both China and South Korea have banned ITOs in their own markets.

In the case of China, it is worth noting that ITOs and the decentralised nature of digital currencies undermine the degree of regulation that the central government exercises over all aspects of the domestic economy, as well as the very high relative proportion of fraudulent activity in Chinese ITOs.

In Russia, on the other hand, the Moscow Stock Exchange is developing infrastructure to allow for the legal trading of digital currencies and in Estonia, the government is considering an ITO of its own national currency.

In between, many other regulators have adopted more of a wait and see approach:

• In Singapore, the MAS has classified digital currencies as assets, and while transactions are not regulated, KYC and Anti-money laundering are both monitored.
• The Swiss Financial Market Supervisory Authority has classified digital currencies as assets, although companies do not require a specific license or approval to operate.
• In the US, the SEC has decided that if token sales represent the sale of securities, such ITOs should be subject to both federal and state laws.

• Gives opportunities to promising projects that have no other ready means to funding or any platform for wide exposure.
• As a decentralised currency, digital currencies avoid middle men who control the flow of currencies and the charges associated with transactions within that currency.
• Avoids unnecessary paperwork that has arisen over time through other more established means of fundraising, much of which serves little actual value.
• Allows creators to build a community around their project with very low thresholds of accessibility this is a key measure of credibility for ITO type projects, with creators remaining accountable to all members of the community.
• Allows investors with a high risk appetite the ability to invest in very early stage projects and to ride the upside that such risk affords.

• Little paperwork and no regulation creates an opportunity for scams. As a result, there have been many instances of fraudulent fundraising, which in turn damages the credibility of the blockchain as an investable platform.
• Lack of regulatory certainty as securities regulators in markets across the world grapple with how to treat digital currencies and ITOs within the framework that governs traditional securities. With the number of fraudulent ITOs, the likelihood of intervention increases.
• Investments are based on ideas with little tangible benchmarks against which to measure success. With funding delivered often many months before any product, there is often little incentive to go and complete the project they have promised to deliver.
• Lack of ability to ensure a broad spread of investors with investors determined on a first come first served basis, there is the potential that key or cornerstone investors may acquire substantially all of the tokens before the wider public can make their investment decision.
• Highly sought after ITOs can lead to severe congestion of the blockchain, which results in a backlog that may prevent investors from being able to participate.