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Felsberg Advogados helps disrupt world's cryptocurrency market

23 Oct 2018

Felsberg Advogados is supporting Brazilian startup WiBOO with one of the most disruptive projects of 2018: the Initial Coin Offering (ICO) of Wibx, world’s first cryptocurrency 100% Brazilian with its usability focused on retail. The blockchain application behind Wibx is being developed in a partnership with experts of the Instituto Tecnológico de Aeronáutica (ITA), one the most renowned cutting-edge technology developers of the south hemisphere, as a result of a cooperation agreement with Fundação Casemiro Montenegro Filho (FCMF).  

Wibx’ ICO will take place from November 2018 to February 2019 and is expected to raise US$ 50 million in tokens (Bitcoin and Ethereum) to fund the project in exchange for Wibx, a blockchain-based utility token that will be used within the WiBOO platform to get products and services made available by announcers (retailers).

Felsberg’s partner João Carlos Mendonça and senior associate Matheus Mota are leading a multidisciplinary team in charge of the entire legal structure of the ICO.