The Elephant (PEC)

The Elephant aim is to provide liquidity to shares/equity rights in leading privately held companies through equity-backed dedicated tokens.

Whitepaper

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What is The Elephant

The Elephant Platform seeks to create a scenario that benefits all participants via the secondary transactions it facilitates; investors gain access to previously inaccessible shares of Target Companies while shareholders in these Target Companies gain access to liquidity prior to an exit or an IPO, especially "small" investors and "small" shareholders who lack the resources and/ or ability of putting together a secondary market transaction on their own.

Such liquidity is seen favorably by the Target Companies, as these transactions validate the benefits to the employees from such options/shares and can be used during negotiation of employee compensation and in retention of human resources. In addition, such transactions replace long awaiting shareholders with fresh investors that are coming in at a pre-IPO investment price and are looking to make a profit at the IPO/Exit of the Target Company.

Through our innovative working model, we also condense the sale process, from a number of transactions between "small" shareholders and a number of "small" investors into one process. Accordingly, the Target Company’s management and shareholders need to deal with only one transfer process. This significantly cuts down the time, efforts and costs of the purchase process. All this happens without compromising the confidentially of the Target Company's internal information.

The Platform does a lot more than bringing the players in the secondary market together. It also manages the process of share transfers (including the right of first refusal and approval of the board of directors, if needed), assists with documentation, administration and the payment processing. In addition, the Platform provides backup and support throughout the entire process of the transaction.

Now that we have established our Platform as an arena for transacting the sale of shares of latestage and pre-IPO shares, we are transforming it into a tokenized platform that is connected to the blockchain technology.

Once we connect our innovative work models with the blockchain technology (initially through Ethereum) and using our legal and technical infrastructures, we can issue a new type of token we call the Dedicated Token. We achieve this by formally linking traditional contracts with Ethereum smart contracts through mutual reference and code correspondence. Once these tokens are created, anyone who is an accredited investor can invest in shares of leading late-stage and preIPO companies (and other investment opportunities that will be available on our Platform) and verify their holdings through smart contracts on the public ledger.

The result is a secondary market for real world, technologically enhanced equivalents to shares – equity tokens – that aim to be as liquid as cryptocurrencies.