During onboarding, you will be asked for the details of the GmbH tokens that you create.
The token name and the token ticker are the designations for your tokens. Both are freely selectable and can, for example, contain the company name (e.g.: Example Token GmbH). The ticker is the short form of the token name and can also be freely selected, but may only consist of three to five characters (e.g.: MGT).
The number of tokens determines the maximum number of GmbH tokens that can be issued. For a share capital of 25,000 GmbH shares, we recommend issuing a maximum of half of this, i.e. 12,500 GmbH tokens. However, the decision on how many GmbH tokens to issue always depends on your situation and the goals of your fundraising. Questions you should ask yourself to determine the number of tokens:
How much should be raised? How big should the dilution of the existing shares be?
The issue of GmbH tokens has no influence on the distribution of voting rights, as they do not contain any voting rights. In economic terms, however, there is a dilution of the existing GmbH shares.
In order to determine the price per token, a company valuation must be prepared. As this is your offer to investors, it is usually not necessary to have a formal company valuation carried out by an auditor. Rather, each offer reflects your own valuation of the company at a certain point in time or corresponds to the valuation that investors are willing to accept. You can find more helpful tips on this topic here.
Token price = company valuation / (fully diluted capitalization incl. already issued GmbH tokens).
Assuming your company is worth €10 million and has 25,000 shares entered in the commercial register, plus 3,000 GmbH tokens already issued and no further options on shares, convertible loans or similar outstanding, the formula results in a rounded price per token of €357.14.
10 million € / (25,000 + 3,000) = 357.14€
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