DGAP-News: Staramba SE / Key word(s): Product Launch
STARAMBA SE: Own cryptocurrency 'ROYALTY' revolutionizes the licensing industry

20.11.2017 / 08:00
The issuer is solely responsible for the content of this announcement.


STARAMBA SE: Own cryptocurrency "ROYALTY" revolutionizes the licensing industry

Berlin, 20 November 2017

Staramba SE (XETRA: 99SC), listed in the General Standard, has decided to issue its own digital currency for its social VR network STARAMBA.spaces. With its own brand currency "ROYALTY", which is based on blockchain technology, STARAMBA SE can profit from the expected growth of Virtual Reality (VR) due to the extreme scalability of its revenues.

Christian Daudert, CEO of Staramba SE, expects that ROYALTY will contribute to the global positioning of STARAMBA.spaces as the market leader in virtual reality: "ROYALTY is a groundbreaking innovation for our customers, partners and investors for three reasons:

1. Disruptive billing via the ROYALTY block chain enables us to revolutionize the global licensing industry. The blockchain technology greatly simplifies the entire billing process, makes it transparent for all parties involved and helps to save costs in the millions.

2. The brand currency ROYALTY can be used to secure exclusive content of the licensors as well as the corresponding rights for STARAMBA.spaces. At the same time, we optimize customer loyalty through targeted loyalty offers and usage-based campaigns.

3. The additional capital by issuing up to 500 million tokens will accelerate the future financing of the expansion of STARAMBA.spaces, the world's first social VR network with lifelike avatars."

In order to ensure a functioning currency and an additional value of ROYALTY in the long term, especially in exchange for specific products and services on STARAMBA.spaces, ROYALTY is issued via the Leondrino Exchange (so-called ILO). A token design that is scalable to the development of STARAMBA.spaces, the growing number of users and the trading behaviour of investors counteracts pure speculation. Leondrino Exchange pursues the regulatory recognition of BaFin in Germany, SEC in the USA and FinMa in Switzerland.

The introduction of ROYALTY is to take place gradually. The launch is the creation of up to 500 million tokens based on blockchain technology, which are then converted into coins. A portion of the currency volume is to be offered to selected investors in advance at discount conditions. The aim is to issue ROYALTY after its approval for public trading via the Leondrino platform. Staramba SE will announce details on application cases and the market launch of ROYALTY on 28 November 2017 at a press conference on the margins of the German Equity Forum in Frankfurt.

"ROYALTY opens the door to a worldwide launch of STARAMBA.spaces. To this end, the recognition of the tokens by the supervisory authorities of the target markets at the start of the public issue and trading is just as important for the acceptance of ROYALTY by consumers and investors as the acceptance obligation of the currency for own products and services. Therefore, we do not plan to issue tokens and coins with conversion right for shares of Staramba SE. ROYALTY, as the currency to be used for payments, is an instrument that develops independently of the share price," says Christian Daudert, emphasising the advantages of ROYALTY.

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Staramba SE (ISIN DE000A1K03W5) - General Standard/Regulated Market

About Staramba SE
Staramba SE in Berlin is a pioneer in the Virtual Reality (VR) environment. The lighthouse project is the development of the world's first social VR network STARAMBA.spaces: A new, virtual world in which fans can interact up close with international stars from sport, music and entertainment. Photorealistic avatars that do not exist in any other platform make STARAMBA.spaces a unique VR experience. Staramba is also developing the photogrammetry scanner 3D-INSTAGRAPH(R). The VR pioneer scans stars from renowned licensors and creates digital, photorealistic 3D models, which Staramba stores in the world's largest 3D database and distributes via its own online shop. Licensors include top European football teams such as the German national soccer team, FC Bayern Munich or Real Madrid as well as superstars of the NFL and WWE. In the film and music business, Staramba distributes for UNIVERSAL, Bravado and many other brands stars like Elvis Presley, KISS and Rammstein via licensed products. Certified partners in Germany and abroad can scan anyone with the 3D INSTAGRAPH(R) and offer personalized, photo-realistic 3D products. Staramba SE is listed in the General Standard of the Frankfurt Stock Exchange.

Disclaimer
This publication and the information contained herein only serve information purposes and do not constitute a securities prospect and neither contain an offer to sell securities of STARAMBA SE nor an invitation to submit an offer to purchase securities in the United States of America, Canada, Japan or Australia. This publication and the information contained herein may not be distributed, published or transferred - be it directly or indirectly - in the United States of America, Canada, Japan or Australia. In the United States of America, securities may only be sold or offered for sale or purchase in the United States of America with prior registration under the provisions of the U. S. Securities Act of 1933, as amended, or without prior registration, only on the basis of a derogation. The shares of STARAMBA SE are not and will not be registered under the provisions of the U. S. Securities Act of 1933, as amended, or the securities laws of Australia, Canada or Japan and will not be offered or sold in these countries. The dissemination of this announcement may be subject to legal restrictions in certain countries; persons who obtain documents or other information mentioned herein should inform themselves of these restrictions and observe them. Failure to comply with these restrictions may constitute a violation of the securities laws of these countries.

Forward-looking statements
This release contains forward-looking statements based on current experience, estimates and projections of the management and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of Staramba to be materially different from those that may be expressed or implied by such statements. Forward-looking statements therefore speak only as of the date they are made. Staramba does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.

For further information, please contact: Staramba SE; Marc Heydrich, Investor Relations; Aroser Allee 66; 13407 Berlin; Germany; Tel.: +49 (0) 30 403 680 14-0; Fax: +49 (0) 30 403 680 14-1; E-Mail: heydrich@staramba.com; www.staramba.com

 
 


20.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Staramba SE
Aroser Allee 66
13407 Berlin
Germany
Phone: +49 (0) 30 403 680 14-0
Fax: +49 (0) 30 403 680 14-1
E-mail: heydrich@staramba.com
Internet: www.staramba.com/
ISIN: DE000A1K03W5
WKN: A1K03W
Listed: Regulated Market in Berlin, Frankfurt (General Standard)

 
End of News DGAP News Service

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