In a completely new and unique way, businessman “Alex Magic” raised funds in a difficult economic circumstance against the background of the spread of the Corona virus.

“Alex” has sold “ALEX” tokens worth $ 20,000 on the Ethereum network, so far it is normal. As for the unusual thing, the project is the person “Alex” himself, and that the cryptocurrency “ALEX” bearing the same name will receive 15% of its owners. From Alex’s earnings over the next three years of his life.

In addition, these tokens can be traded on Uniswap like any other token, and the token sale will sponsor his next project, a DeFI-based savings project.

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Alex says this unique fundraising model will gain momentum in the near future as traditional fundraising opportunities dry up due to the coronavirus.

Alex Magic is the founder of the “Rocket DAO” project, which provides loans in exchange for non-fungible tokens, and has also worked on popular projects such as “Marketing DAO” and “Santa is Money.”

It was completed Advertising The ALEX tokens, the Ethereum-based tokens, debuted on April 7. The sale involved a total of 29 participants, and the tokens were sold and $20,000 raised.

initial Alex $ The offer is now complete! Thank you so much to the 29 participants

$20,000 raised in 123 hours since Medium article was published

Relative airdrop will start soon. pic.twitter.com/T2OoY4e9Tf

– Alex Masmej April 12, 2020

Tokens can be called a “human public offering” in the sense that the underlying asset and value of the project are based on a real human being.

His hard work will decide a token appreciation. Token holders will receive 15% of their total income in the next three years. The coin has a cap of $300,000.

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The dividend distribution process will be quarterly in the form of stablecoin or DAI which will ensure the confidence of investors in the long term.

Coding human capital and ushering in the next funding wave:

The income sharing model is fairly common in the traditional financial field, however this is the first time that the concept of “human-based tokens” has been applied to cryptocurrencies, as the crypto angle provides additional benefits such as increased transparency, the ability to trade the token, and blockchain security.

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Also last year, designer Matthew Vernon made such a “human token” that he launched the BOI token, which is the equivalent of 100 hours of his work.

Similarly, player “Spencer Dinwiddy” tokenized his contract in the NBA.

ALEX token holders will get more than just a share of his potential income, as token holders will get one-to-one sessions with this entrepreneur, access his network, and participate in his next funding round.

Details about ALEX’s upcoming DeFi project related to a savings account, he says about it:

The pandemic will undoubtedly inspire people to save more, he added, adding that a savings-oriented crypto project will provide more value to people.

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