Moonlighting Launching Security Token Pre-Sale to Raise $25M
Leading Freelance Platform Partners with Entoro Capital, New Alchemy
Moonlighting announced today a new partnership with Entoro Capital, LLC (Entoro), a leading global investment banking and financial services group to manage its upcoming Simple Agreement for Future Equity with Token Allocation (SAFE-T). Moonlighting will be using Entoro’s digital private securities syndication platform called OfferBoardTM to raise up to $25M from accredited investors under Regulation D and Regulation S of the Securities Act. The proceeds will be used to enhance Moonlighting’s industry leading freelance platform by incorporating new blockchain technology and supporting the company’s global expansion.
Entoro, in collaboration with leading blockchain advisory group New Alchemy will assist and advise Moonlighting through the token sale process. Moonlighting intends to issue a token that will comply with securities law and allow token holder’s to directly share in the success of the company.
“Moonlighting is a revenue generating, 4-year-old company with real customers and a well suited business case for tokenizing their business,” said James C. Row, CFA, Managing Partner of Entoro. “The management team and counsel are first rate, with the credibility and track record of building scalable platform businesses.”
Over the past 18 months, Moonlighting’s marketplace has attracted over 650,000 freelancers and small business entrepreneurs to its platform. With the goal to build a safer and more secure hiring platform, Moonlighting will transport their user data over to the blockchain, creating profiles that can be more trusted.
By decentralizing profiles, Moonlighting users will also be able to take their freelance profile with them for single sign-on registration to access other marketplaces and participate, saving valuable time and money.
“Moonlighting is committed to bringing real blockchain solutions to the gig economy,” shared Jeff Tennery Founder and CEO of Moonlighting. “By adopting blockchain into our profile management system, we can provide hirers a more trusted avenue for recruitment as well as give our freelancers the freedom to control and manage their own data.”
For more complete information on the upcoming security token pre-sales please visit:
Moonlighting is the first mobile, on-demand solution empowering people to earn extra money and hire talented professionals quickly. Moonlighting creates a virtual marketplace for freelancers and small businesses to hire or be hired directly from mobile devices. With a blockchain supported platform and its own token, Moonlighting intends to provide a full turnkey solution with a suite of tools to empower millions of independent workers worldwide. Moonlighting is a privately held, Charlottesville, VA-based company built from the ground up for the gig economy. For more information, please visit https://www.moonlighting.com
About Entoro Capital
Entoro Capital is a Houston based technology enabled investment bank and advisory group. Entoro uses its proprietary online private securities syndication platform OfferBoardTM for accredited investors to analyze and review projects and opportunities. Securities are offered through Entoro Securities, LLC, member FINRA/SIPC. https://www.entoro.com
About New Alchemy
New Alchemy is a strategy and technology advisory group specializing in tokenization. New Alchemy coordinates successful ICOs for its clients by providing them with C-level strategy, smart contract development, project management, token game theory, and marketing services. A company that truly understands the disruptive nature of blockchain technology and tokenization, New Alchemy is shaping the blockchain industry’s impact on society. Founded in 2016 by early Bitcoin innovator Peter Vessenes, New Alchemy has quickly established itself as the leading consulting group in the blockchain/tokenization industry and is currently developing Deluge Network, the first service to allow users to directly contribute Bitcoin to an ICO without an exchange. To learn more, visit https://newalchemy.io
Cautionary Statement Regarding “Forward-Looking’ Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities law. Forward-looking statements and information can be identified but the use of words such as “experts,” “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could” , “should”, “would”, “might”, or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward- looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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