Investors FAQ

What is TurnCoin?

TurnCoin are Revenue-Sharing Tokens that distribute a portion of TheXchange Platform’s gross revenue to its holders on a pro-rata basis proportional to their holdings. It does not represent equity or any other rights other than the revenue distribution.

How does TurnCoin generate revenue for its holders?

TheXchange Platform will derive transactional revenue from every sale and purchase of VirtualStaX. A total of 100% of the global gross revenue generated from the transactional fees will be distributed via Smart Contracts to TurnCoin holders monthly, on a pro-rata holding basis.

Can anyone invest in TurnCoin?

“At this time, the offer will be open to non-U.S persons in approved countries, as well as verified U.S. Accredited investors as determined by the SEC and rule 506(c) of the Securities Act. If you are a U.S. resident and are not Accredited, you will not be eligible to invest in TurnCoin at this time, although it may be possible to purchase TurnCoin on secondary markets in the future.”

Can I buy TurnCoin with cryptocurrency?

Yes! We accept BTC and ETH and select additional cryptocurrencies for payment.

When will TurnCoin start to pay out a monthly yield?

We anticipate the very first initial monthly payment to happen in Q4 2021 after the global launch of eSportStaX and the VirtualStaX App! The first few payments will be nominal and accrue to your wallet on Securitize, but we anticipate the size of each monthly payment to grow as awareness increases, more people join, and more StaX categories are added.

What is the difference between TurnCoin's monthly yield and a dividend?

A dividend is discretionary, meaning that a company may decide if and what percentage of its annual profits it will pay out to its shareholders. Dividends are paid from profit, being funds that remain available after the company has deducted all its running costs from its revenue.

The difference between TurnCoins Yield and a dividend is that the payment of TurnCoins Yield is not discretionary, it is automatically distributed monthly. Secondly, TurnCoins Yield distributes the global gross revenue (The Turnover) of TheXchange to TurnCoin holders, not the funds left after deductions. This is a perpetual monthly passive income.

What are the qualifications of a U.S. Accredited Investor?

In order to qualify as an accredited investor, an individual must show they meet one of the following criteria:

  • $200,000+ in income for the past two full calendar years if filing as an individual, or $300,000+ if filing jointly
  • $1,000,000 net worth excluding the investor’s primary residence value
  • The Individual has attained certain professional certifications, designations or credentials or other credentials issued by an accredited educational institution, which the Commission may designate from time to time by order. The specific credentials required as of July 2021 are as follows:
  • Holders in good standing of the Series 7, Series 65, and Series 82 licenses. If you are investing via an entity, the criteria will be different as the above only applies to natural persons. Most entities qualify as accredited if they possess at least $5M in assets or all of its equity holders themselves are accredited investors.

How is TheXchange platform managed and promoted if 100% of the turnover is paid out to TurnCoin holders?

500,000,000 TurnCoin is permanently locked, can never be sold, and is held in perpetuity by the Development Company. The revenue derived from the Development Company’s non-tradeable TurnCoin holdings will fund the operations, marketing, and management of TheXchange Platform.

Can I just say I am accredited or will my accredited status need be verified?

In order to comply with the SEC’s rules, any investor that wants to participate will need to be verified as accredited. This process is completed through Securitize, and their partner InvestReady.

When will revenue payments be paid out to TurnCoin holders?

We anticipate the first monthly payment to happen by Q1 2022 after the global launch of VirtualStaX and the VirtualStaX App!

The first few payments will be nominal and accrue to their ERC20 wallets.  We anticipate the size of each monthly payment to grow as awareness increases, more people join, and more VirtualStaX SubXchanges are added.

I am located outside of the U.S. Can I buy?

Yes! Click the “Pre-Register” button on the TurnCoin website and follow the instructions.

How will revenue payments be paid out to TurnCoin holders?

The returns to TurnCoin holders will be in the form of USDC, into their ERC20 wallets. USDC is a collateral backed US dollar-pegged stablecoin, that can be converted by TurnCoin Holders to the Fiat Currency or Cryptocurrency of their choice

What is the minimum Investment?

US $10,000.00

What is the price of each TurnCoin?

Each TurnCoin will be initially be sold at a starting price of USD 9.77 per TurnCoin which will escalate thereafter per a price escalation algorithm to a final price of USD 21.77 per TurnCoin at full issuance of the 12,750,000 TurnCoin for sale in the current (July 30, 2021) offering. The Company reserves the right to provide discounts or bonuses on the price per each TurnCoin as it determines in its sole discretion.

Are TurnCoin cryptocurrency?

No. TurnCoin are blockchain enabled digital securities that will be legally distributed following the rules set forth by the US. Securities & Exchange Commission.

What is the difference between a digital security and a cryptocurrency?

Both cryptocurrencies and digital securities rely on blockchain technology as an underlying layer. However, digital securities typically represent some sort of asset or other rights (such as a revenue or equity) and their initial distribution is governed by U.S. Securities Law. By contrast, due to the distributed nature of and decentralized nature of the tokens, cryptocurrencies are not considered securities by the SEC (they specifically ruled that BitCoin and Ethereum were not securities), and therefore not subject to the rules governing securities.

What is the VirtualStax Platform?

The VirtualstaX Platform allows Talented Individuals (TI), including famous athletes, e-sports players, actors, artists, business persons, celebrities and creators the ability to allow their fans to purchase “StaX” tokens, providing the fans holding those StaX exclusive access to content and other benefits provided by the TI. The price of each StaX is based on a proprietary algorithm designed by TurnCoin, allowing the price to fluctuate based on the popularity of the TI and other factors.

How does TurnCoin make money?

The Talented Individuals receive 90% of all revenue generated by selling StaX via the VirtualStax Platform to their fans. The remaining 10% is allocated evenly to the 1,000,000,000 (finite) TurnCoin, and distributed to their holders on a monthly basis.

How many TurnCoin will be issued?

Please refer to Private Placement Memorandum (PPM).

Can I resell my TurnCoin to another investor?

  • All TurnCoin sold under this offering have a 12 month hold period. Once this hold period ends:
    We intend to make TurnCoin available for trading on several alternative trading systems (ATS), including Securitize and tZERO. This will facilitate and be the easiest way to sell TurnCoin. We'll keep you updated via press releases, social media, and direct emails for TurnCoin holders.
  • That said, you may resell your TurnCoin to other individuals, subject to securities laws. Sales must be processed by Securitize, our transfer agent.

When will I be able to sell the TurnCoin tokens that I purchase?

All TurnCoin sold under this offering have a hold (lock-up) period of 12 months. In certain countries such as the U.S., this is a government mandated hold period.

Where will TurnCoin trade?

We're working with our partners Securitize and tZERO to get TurnCoin ready for trading on the secondary market. We anticipate that this process should be completed within 30 days of closing of the current TurnCoin primary offering.

Why do I need to engage in KYC to participate?

We are required to have a transfer agent and they are required by law to have KYC processes in place for investor onboarding.

How do I delete my KYC?

The fastest way to make a request to delete your KYC is via the Securitize widget. To use, please:

  • Head to the website
  • Open the widget on the bottom right-hand corner
  • Fill in your details
  • Choose TheXchange as Company/ Issuer Name
  • Choose Account Deletion under Type of Issue

What is Securitize?

Securitize, a Delaware corporation, is our transfer agent registered with the SEC. More information about Securitize can be found here.

How does TurnCoin comply with OFAC sanctions requirements?

TurnCoin does not permit its services to be used by people or entities located in sanctioned countries or who are on the OFAC lists or other applicable restricted party lists. We are committed to comply fully with all applicable laws and regulations related to export controls and trade sanctions. TurnCoin has appointed a Compliance Officer, who oversees the compliance program.

How can I ask more questions?

Questions? Need more assistance? Send us emails - we promise quick human help!

What is Securitize’s privacy policy?

Here is the privacy policies for Securitize.