Praise
Early Stage
Currency with a Conscience
Overview
Raised: $257,356
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/29/2021
Close Date
02/28/2022
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/05/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,414
# of Investors
304
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Praise, with a valuation of $15 million, is raising funds on StartEngine. The company has developed a gamified digital currency and NFT platform. The platform designs collectible tokens that unlock custom experiences for superfans. It also disburses new tokens as automatic rewards. Praise has partnered with Rock Mafia, Mousebelt, Hawke Media, Verses, and Wise Token. Jesse Tevelow founded Praise in March 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used to list tokens on Uniswap to raise funds for the liquidity pool, launch the Praise Wallet app, and launch the Praise Public app.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-31,685 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,315 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,315 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$35,000 |
$0 |
|
Total Liabilities |
$35,000 |
$0 |
Financials as of: 08/29/2021
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