Bownce digitizes sport: first round of financing started

Bownce AG starts its first financing round. What an investment in the Bownce token speaks for.

• Security Token Offering (STO) with blockchain technology enables an innovative digital investment process
• Base dividend of 6 percent per year
• With the “Bownce Ball” a new future sport is being created
• Renowned managers and experts on the supervisory board and board of directors

Bownce AG recently started its innovative community program. It enables all participants to participate in the success of Bownce – not only in terms of sport, but also financially. This is made possible by a “Security Token Offering” (STO) in the form of tokenized participation rights. STOs are a new way of participating in the growth of a company and benefiting from it from day one. The tokenization of assets is generally seen as an important step for the digitization of the financial industry. Investors can now subscribe to Bownce AG tokens and benefit from attractive investment conditions.

This innovative type of corporate financing from Bownce offers a profit sharing in the form of a basic dividend of up to 6 percent per year combined with an additional surplus dividend as well as a fully automatic and digital subscription; the term is six years.

Bownce wants to revolutionize the sports and fitness industry. Our Bownce Ball is a digitized piece of sports equipment that everyone can afford. That’s why we want as many people as possible to join the Bownce community. And we not only want them to buy and use our product, we also want them to benefit financially. That is why we are now starting our STO program.

Vitalij Zittel, founder and CEO of Bownce AG

“We see Bownce as a joint project that aims to strengthen health in our society by promoting sport and thus make the world a bit better,” says Zittel: “Not everyone can afford an investment of 100,000 euros or more. But we’re not just a sports start-up, but also a tech start-up – and that’s why we came up with a digital solution: With our community program, you can be there for as little as 1,000 euros. “

The start-up founded in 2019 with locations in Berlin and Konstanz wants to revolutionize the fitness industry. With the help of digitization, a globally networked community and a previously uniquely implemented competitive concept, the training should not only become more efficient and healthier, but also be more fun.

What are security tokens?

Security tokens are blockchain-based digital securities, the issue of which is regulated. If the tokenized securities are offered for sale by the issuer, one speaks of a Security Token Offering (STO). The fast processing, high transparency, low transaction costs and higher liquidity make STOs an attractive investment opportunity.

A new sport – the “Bownce Ball”

With a specially developed “Bownce Ball”, the first IoT sports device of its kind, a completely new type of sport is being created. Other sports equipment – such as a new generation of dumbbells or skipping ropes, for example – are to follow. The number of exercises as well as their execution as well as health data such as pulse rate are tracked via sensors. These are then transferred to an app, where the evaluation can be called up digitally. In this way, the individual training progress can be observed; The app also gives tips on how to make training even more effective. With the help of the gamification approach, the frequency of training should also be increased; after all, you can compete with other Bownce athletes worldwide via a community function.

The company has now completed the development phase for the “Bownce Ball”, the sensors and the associated app. Industrial production of the products is currently being ramped up. In the spring of 2022, the “Bownce Ball” will come onto the market in the DACH region. More sports equipment from Bownce will follow.

The management around CEO Vitalij Zittel and COO Volker Dökel (including ex-Lufthansa) is supported by the AI ​​pioneer Chris Boos as Chief of Data Design; Boos is also a member of the Federal Government’s Digital Council. Several experienced managers and experts work on the supervisory board, led by chairman Uwe Hück (long-time Porsche works council chairman).

Due to the many queries about Bownce’s STO, the most frequently asked questions are answered here:

What makes the STO so special?

“In addition to paying an annual base dividend of 6% and an additional surplus dividend, the tokens can be safely stored and transferred without the need for a custody account

That’s all?

No. With Bownce there is another big advantage: Before the planned IPO of Bownce AG, all token holders will have the right to exchange the security tokens for shares in Bownce AG at a separate conversion offer. “

The last part in particular seems to be important, namely being able to exchange your tokens for shares at a conversion offer (preferential price).

Which blockchain is used and do I get a wallet?

Before issuing the security tokens, we will choose the cheapest option. Currently, Stellar and Polygon are available. These are the preferred blockchain due to the low transaction costs and speed. The security tokens will be provided by us in a compatible wallet after the lock-up period has expired. We will inform you in good time about the process and the procedure and automatically book the tokens into the wallts.

Can the tokens be traded on the crypto exchange?

The security tokens can currently be traded over the counter (OTC) or between Bownce STO investors. As soon as the regulations allow it, the tokens will also be able to be traded on crypto exchanges in the future, e.g. on exchanges such as Archax. As soon as the regulations come into effect, we will inform you about the possibilities.

Above

Bownce (https://www.bownce.com) is the first IoT sports device of its kind, which offers players versatile and user-oriented training. The technology start-up, founded in 2019, combines health, flexibility, fun and community with the patented training device. Bownce adapts to various lifestyles and training requirements. Using an app, users can check their fitness level, continuously improve it and reduce stress in everyday life with fun and joy. Interactions with other users of the app form the basis of a separate Bownce community. By competing against each other, you can win crypto utility tokens through a direct blockchain connection. Bownce’s goal is to promote positive social change by promoting sport and enabling users to become part of a new movement.

Risk notice

Risk notice: The acquisition of token-based profit participation rights is associated with considerable risks and can lead to the complete loss of the assets invested. The main risks lie in the lack of business success of the “Bownce IoT sports device”. Further risks can be found in the key information sheet.

This information is purely of a promotional nature. To assess the token-based profit participation rights, only the information in the basic information sheet is relevant, which is on the website https://investment.bownce.com has been published and can be downloaded there free of charge.
The issuer of the token-based participation rights is Bownce AG (www.bownce.com). Bownce Vermittlungs GmbH & Co. KG is a contractually bound agent within the meaning of Section 2 (10) of the KWG and, when brokering financial instruments in accordance with Section 1 (1a) sentence 2 number 1 of the KWG, is exclusively for the account and under liability of Effecta GmbH , Florstadt, active. Bownce Vermittlungs GmbH & Co. KG is registered with BaFin as a tied agent. BaFin register-bound intermediaries (register number: 80174121).