Hackspace Capital is a platform established in 2017 for the purpose of investing in and developing the most promising early stage technology hardware and connected hardware startups
Hackspace Capital is a company formed in 2017 for the purpose of investing in and developing the most promising early stage technology hardware and connected hardware startups identified by its strategic partner, the engineering catalyst EnCata. It also serves as an online platform/shop, where people can acquire products and services created and offered by Hackspace startups and partner companies.
Hackspace Capital ICO offers its supporters to invest in the platform’s token (HAC). Acquisition of HAC tokens provides investors with a stable growing exchange asset; protection from any kinds of regulations as HAC token is considered a utility token; long-term relations with the company as it’s a successfully functioning hardware business; access to the platform’s products and services with a discount up 20%, 3 months prior the official market entry.
The founders of Hackspace are driven by the goal of building and improving upon successful ideas and technologies for the betterment of humanity. In the case of this Token Sale, Hackspace wants to expand upon and improve the game changing crowdfunding concept for technology hardware products.
While similar to crowdfunding in that buyers of HAC tokens purchase products before they are fully developed and produced, with HAC tokens the buyers are protected from losing their money if a product is never fully developed. This is because the HAC tokens they acquire via their initial purchase can be used on any product or service developed in the Hackspace portfolio. Thus, while some companies and products invested in by Hackspace might fail (although the direct working relationship between Hackspace and EnCata will reduce the likelihood of such failure), the Hackspace funding structure means that buyers will never lose their money via individual product/company failure as buyers can use their HAC tokens for another Hackspace developed product or simply sell their HAC tokens to others.