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Key facts:
The Spanish company is constituted with 6,000,000 shares.The tokens are defined as Equity, then pay dividends and represent the value of the company.The theme restaurant of cryptocurrencies, Bitcoin Rock Café, located in the city of Vigo, Spain decided from the beginning to tokenize the company, which will allow investors to receive dividends quarterly, as explained to Breaking News, Gustavo del Rio, co-founder and promoter of that establishment.In this regard, he explained that these tokens can not be used as a means of payment. Its main advantage is that it allows the transmission of value of the action at the global level in seconds.He stressed that these tokens represent actions and are legally binding, that is to say, they are registered in Spain. “Bitcoin Rock Cafe is a company fully incorporated in the kingdom of Spain with 6,000,000 shares.All information is public and can also be viewed on the website”, he said.In this regard, it said that the token is catalogued, according to the Spanish law, as an Equity, because it pays dividends and it represents the value of the company. It is worth noting that a token Equity Convertible allows a holder to exchange its equity for an equal share of tokens, the property of the company.Around if you have the authorization of sale by the Commission National of the Market of Values (CNMV) said that maintaining contact with this agency attached to the Secretariat of State of Economy and Support to the Company by the Ministry of Economy and Competitiveness. “From the start, even before setting up the company, they closely follow the evolution of the project,” he said.In detail, revealed that Bitcoin Rock Cafe SA is 6,000,000 shares of stock, representing 6,000,000 tokens. On the monthly dividend that is expected to give to the holders of the token, del Rio said that this will depend in great measure on the success of the business as a whole.
What we need to see and focus are the sources of income that we are going to develop, among them we can mention: the sale of food, beverage, marketing plans, commissions from the atm of bitcoins, selling courses, lectures, etc (and in the future, even a hotel).Gustavo del Rio, co-founder of Bitcoin Rock Cafe
He added that the issued token can be acquired by any person, with the exception of u.s. citizens, due to the restrictions imposed by the Securities and exchange Commission united States (SEC, for its acronym in English) in order to safeguard their capital. But, the River indicated that in general there is no law in Spain that prohibits them from selling the shares of this company through a title of transmission.
The crowfunding
The 09 of August of the current year, this theme restaurant of cryptocurrencies opened its doors to the public and to finance the project, its creators had a sustainable business model. In this sense, del Rio pointed out that it is a system of community participation (crowfunding) through the sale of stock in tokens CKD-20 that they called BitRock.In effect, it stated that there was a phase of pre-sale, which was closed on the 17th of September. After that, he opened the first broadcast, in which were placed the 750,000 tokens on sale at a price of 0.60 euros, and until now, according to the business plan, have managed to sell 51.392 tokens.The money raised is being set aside for the development of the phase of opening of the Madrid headquarters. In the same way, is expected to be completed the first issuance of tokens before Christmas. The tokens obtained by referrals can now be claimed through the back office.Investors owners of tokens, that acquire benefits of the profitability of their actions. And is that through the compensation of the quarterly dividend will be able to enjoy discounts for opening of new franchises, discounts on products and services, free access to the conferences, as well as the right to vote in decisions of the company.At the end of each quarter, as specified in the white book of the company, shall be apportioned 50% of the net profit derived from all of its establishments. Therefore, the shareholders will participate actively in important decision making.
Between eating and learning
On what motivated them to choose the topic of the cryptocurrencies to a restaurant in Spain, Del Rio pointed out that it was basically because the co-founders come from the world of the criptoactivos and finance.He explained that you are a fan of projects based on blockchain and wanted to participate actively in the development of the sector “as it is currently in a very early stage of adoption, which represents an opportunity to work on a project with a future, to help consumers to venture into the world of the financial sector as well as to promote synergies and networking among stakeholders”.He stressed that in such institutions “in addition to taste a delicious cuisine you can also socialize with people who have the same interests and learn from topics such as trading, investment, mining, programming, etc.”As to whether they consider that there is a niche enough in Spain to make the business profitable, The River was of the view that the business of the restoration in Spain has for many years been on the rise with a clear upturn in the business model based on franchises.
The business of the restoration takes a long time to be consolidated and begin to be profitable how we want, but we are confident that logrearemos the established goals.Gustavo del Rio, co-founder of Bitcoin Rock Cafe
The attraction of the cryptocurrencies
To his mind, that he and his partners will attract more of the cryptocurrencies, is synthesized in the capacity of storage of value and global transfer without intermediaries, from person to person.Also believes that the most valuable of these criptoactivos is in the technology that supports them. He explained that the registration blockchain is a decentralized database, a distributed, public, safe, transparent and encrypted. Any person has access to it and can’t reverse, corrupt, alter or destroy.
Expectations
In terms of the benefits offered to the consumer, Del Rio pointed out that customers of Bitcoin Rock Café, “you can pay with more than 1500 different cryptocurrencies supported by our payment gateway. You also have the option to cancel with traditional methods such as credit cards, debit cards and euros. Similarly, in the local customers learn everything about the cryptocurrencies, whose practice is called ‘Bitcoin experience'”About the expectations of growth, the co-founder of Bitcoin Rock Café pointed out that the project has been designed to collect (EUR) 2.700.000 € that will be used for the opening of three offices in Spain, strategically located in Vigo, Madrid and Barcelona. From there, he stated that the expansion is posed in the form of franchises in the national and international level.For the River, the challenges that must be faced are present from the first day, and ensures that families have been faced with a decision and in many cases thanks to the assistance of a group of legal experts and prosecutors. “Right now we are focusing our energies on the consolidation of the concept of ‘theme Restaurant of cryptocurrencies’ and therefore it is working on the design of each one of the elements that represent the sector and makes us be different. I mean the decoration, the information reflected in the messages in the letter or menu, the tablecloths, flyers, audio-visual content, social networks, and planning of talks”.He added that the conditions for expansion are based on two scenarios; the first has to do with a rapid national and international expansion, and this will depend to a large extent on the resources that are available to fund the commissioning of new sites. The second scenario is derived from a growth slow but sure.
Wage claims
The co-founder of Bitcoin Rock Café stressed that in that establishment pay the bonuses and one-off jobs with tokens. In the same way, is considered to cancel the 30% of salary in Bitcoins, “although it is an alternative that we give to employees. Our long-term goal is to build an economy 100% crypto, that is to say, to pay salaries, services and suppliers in cryptocurrencies,” he said.On the expectations of growth of the customer base in the short and medium term, noted that the large jump awaits them in Madrid and Barcelona. According to the enthusiast, are two large cities with millions of inhabitants-residents and a large number of national and international visitors.
We are optimistic and we estimate that it will be a fast-growing once established in Madrid. Many people ask why we decided to open the first headquarters in Vigo and not directly in the capital and the answer is very simple: we are creating an innovative concept from scratch, that’s why we prefer to launch the first based in a small city that allows us to optimize the concept and then arriving to Madrid with a consolidated model and thus increase the possibility of éxitoGustavo of the River, co-founder of Bitcoin Rock Cafe
What is certain is that many business establishments already have a taste of cryptocurrencies, as has been previously referred to Breaking News, the restaurant St. Arnould is located in the city of Tokyo, Japan, operates a concept of business related to Bitcoin, Rock, Coffee in Spain, from that in 2016 a customer requests to pay with the criptomoneda NEM for a pizza. From that moment began to receive criptoactivos.