Use of Funds

Tozex platform is directly related to the use of our native utility ERC20 token, TOZ, for which the BRO protocol is designed to finance the project. Our native token is the cornerstone of the business model behind our platform.

Funds from the token sale will be mainly allocated to develop the Tozex platform and the related business activities as described below:

• Development and support of the Tozex Library (ICO, STO, and BRO
• Development of the Tozex platform (liquidity, voting, decentralized order books, etc.)
• Marketing and global scaling
• Strategic partnerships
• Acquisition of financial license in Europe, Asia, Africa, and the US
• Compliance with existing regulations (GDPR, MIFID, etc.)

Staff

The strong development of our ecosystem will mean that we will need to reinforce our professional staff of engineers, project managers, designers, blockchain developers, marketers, and sales staff.

Tozex Platform Development

Platform development will include building upon and securing our Tozex smart contract library (ICO, STO, and BRO) blockchain backend architecture (multisignature, DSoB, voting mechanism, liquidity protocol).

The design and improvements of the UI/UX web and mobile interface and API services will facilitate interoperability with outside systems such as the MetaMask wallet.

Financial Services License

We want a regulated industry that protects customers while supporting innovation. Therefore, we must comply with existing financial regulations and those coming to crypto exchange platforms.

We will allocate a budget to receive the proper licensing in

• Europe (MIFID II license, payment institution license, and crypto-asset license)
• Japan (cryptocurrency exchange license from the Financial Services Agency)
• The USA (virtual currency license from the New York Department of Financial Services)

Business and Corporate Development

Innovation is at the heart of our strategy. We will focus on building strategic decisions to grow our business, establish strategic partnerships, and achieve organizational excellence. We will make deals that leverage the value of the company’s business platform.

We will execute innovative development strategies that will help Tozex harness its competitive advantage, improve its financial standing, and enable it to outperform its competitors.

Marketing

We will promote our platform by increasing awareness and knowledge of the ecosystem.

Legal

We have allocated a budget to cover legal and compliance costs. We want to ensure that our business is continuously compliant with the laws that we operate within and coordinate with expert legal providers to support project creators for their token sale projects. The fund will be used to maintain compliance with the SEC and other regulatory entities, which will be a top priority for our token. Our budget is allocated to cover existing and new regulatory laws.

See more at https://tozex.io/