The Italian football club Rimini, playing this season in the country’s Serie C division, has become the first to sell part of its shares in exchange for cryptocurrency. Around 25% of the team’s shares were sold in exchange for Quantocoin (QTC), a Gibraltar-based token, which is currently seems to be not listed on any exchange, and they’re currently at the third stage of their token sale.
The buyer is Heritage Sports Holdings (HSH), whose partner and shareholder is Pablo V. Dana, also co-founder and CEO of the QTC project. No other details about the transactions were given.
Rimini’s president Giorgio Grassi stated in a press release: “Heritage Sports Holdings, with its partner Quantocoin, will try to bring to the team and to the city new ideas and synergies from the sporting, brand image and technological point of views. Heritage Sports Holdings’ participation is innovative in view of its crypto payment system and its use of blockchain technology.”
As of the time of writing, neither Quantocoin nor the Rimini football club have replied to a request for comment, while HSH was not available for comment.
Quantocoin claims it has developed a "next-generation model for the future of financial services and digital banking".
During their private pre-sale last November and their initial coin offering in December-February, the startup raised USD 11 million, according to their website. Now, during their distributional token offering the startup aims to sell 70 million QTC tokens (QTCt) until the end of April in 2019. Initial price for 1 token starts at USD 1.2. Management and team of the project should get 15% of the raised capital, according to the website of the startup.
Allocation of raised capital:
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