CDRX — Why we are raising funds

Disruption of a $600tn industry costs money

The CDRX Pre-Sale Token Generation Event (TGE) Starts 5-November-18 0:00:00 UTC

Background

Formed from the combined knowledge and experience of veteran investment bankers. Each with 10 to 20 years of experience, CDRX’s global team spans software engineering, ecommerce, electronic cash and derivatives trading, machine learning, structuring, sales, securities law and regulation.

Blockchain technology has provided the 21st century technological layer. American Depository Receipts have provided the legal layer. Combined they enable us to offer a solution benefiting investors, issuers and all those wanting to join their ranks — a fundamental change in financial markets.

Crypto Depository Receipts (CDRs) are securitised tokens, backed 1:1 by an underlying stock or bond, held by a depository bank/trust. Their prices match the asset they represent, and the owner of the token is legally entitled to the underlying security including the dividends/coupons, voting and all other shareholder/bondholder rights that accompany it.

Investors

Trade cheaper (dollars vs cents); settle faster (days vs hours); and buy as much or little as you like (buy part of or all of a token, just like a cryptocurrency).

Issuers

Save millions in administrative costs; eliminate errors; pay dividends/coupons automatically and directly into token holders wallets; conduct voting without producing a single piece of paper; streamline and eliminate superfluous corporate actions (eg. share splits).

Platform

Trade (and issue) on an enterprise grade 24/7 platform with global liquidity sourcing, institutional grade API, settlement and custody options.

Cost

The creation of CDRs and the accompanying trading platform is to a large part an obsession, but the realities of life also necessitate software, hardware, security, customer service, regulatory approval and of course food:

35% Technology — software engineers, analysts, testers, UX/UI designers, hardware, licensing, security, internal R&D and a lot of coffee

— software engineers, analysts, testers, UX/UI designers, hardware, licensing, security, internal R&D and a lot of coffee 14% Operating expenditure — offices, office expenditure, administrative staff, insurance, accounting and audit fees, customer support, maintenance and security

— offices, office expenditure, administrative staff, insurance, accounting and audit fees, customer support, maintenance and security 3% Community engagement — because we are not forgetting all those who helped bring this idea to life

— because we are not forgetting all those who helped bring this idea to life 6% Sponsorship and research programme (external) —because we are only a part of the future, this helps ensure the best possible legacy for all

—because we are only a part of the future, this helps ensure the best possible legacy for all 8% Business development —ongoing development and partnership with complimentary businesses and teams, market research, product structuring and development

—ongoing development and partnership with complimentary businesses and teams, market research, product structuring and development 12% Legal and regulatory —ensuring the highest possible standards of investor protection and regulatory conformance globally, as well as active participation and contribution towards global regulatory standards

—ensuring the highest possible standards of investor protection and regulatory conformance globally, as well as active participation and contribution towards global regulatory standards 22% CDR issuance and strategic investment— conversion of securities into CDR form and (possible) strategic stakes in businesses that accelerate the bridging of traditional-vs-crypto world and/or global adoption of the securitised token model

As you can see, there is a lot to get done …

The CDRX Pre-Sale Token Generation Event (TGE) Starts 5-November-18 0:00:00 UTC

Join Us On Telegram: https://t.me/cdrxchange

Website: https://cdrx.io/

White Paper: https://cdrx.io/docs/wp/whitepaper-en.pdf

Instagram: https://www.instagram.com/cdrx.io

Twitter: https://www.twitter.com/cdrxchange