The key to unlocking value inherent within growing global audiences is connecting creatives directly to them. Doing so ma...
Deals involving blockchain technology, crypto currencies and/or digital assets such as Security Tokens, Utility Tokens, or NFTs are extremely speculative and present additional risks and may result in total loss of invested capital. PLEASE READ AND REVIEW THOSE RISKS HERE.
Investor sophistication and enhanced independent review of each deal is highly recommended.
OpenDeal Broker LLC charges you a two percent (2%) administrative fee on the gross principal transaction with a minimum fee of $7 and a maximum of $300. The fee is added to the total amount of your investment at checkout.
Past financial results are no guarantee of future performance. Click here for important information regarding Financial Projections which are not guaranteed.
This is an offering for the right to certain defined digital assets offered by myco Holdings Limited. It is not an offering for a share, membership or partnership interest in myco Holdings Limited or any of its affiliates.
Deals involving crypto and/or digital assets such as NFTs are extremely speculative and present additional risks. Investor sophistication and enhanced independent reviews are highly recommended.
Myco Tokens may trade at lower prices on public token exchanges than the prices that the Myco Tokens are purchased in this Offering.
Shortly after this Offering, the Company may seek listing of the Myco Tokens on public exchanges. The Myco Tokens may trade at lower prices on those public exchanges than the prices Contributors acquired them in this Offering, and Contributors would be unable to sell their Myco Tokens during the lockup and vesting periods.
Investments in private companies are particularly risky and may result in total loss of invested capital.
This Issuer operates from a foreign jurisdiction; and therefore, many of your country's common laws may not apply or be enforceable.
There may be other available opportunities that are similar to this investment but have different attributes, characteristics, cost factors, and fees.
Affiliates of OpenDeal Broker LLC have financial interests in this offering, or in the offering’s sponsors, and may have invested at more favorable terms including the price and lock-up terms.
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured.
Opportunity
The current sports streaming experience for fans is disconnected, requiring multiple channels and apps to watch the game, check social content, and connect with other fans.
myco's vision unifies the experience in one place - their app - where fans, content creators, and brands all connect.
At the center of the experience is streaming high profile content like the recent T20 Cricket World Cup. During the event, myco saw over 500 million views with 1 million new users signing up for the platform in one day.
myco’s coverage model goes well beyond the game. Original programming includes pregame analysis, highlight shows, and documentaries that add flavor to the entire event.
Influencer and user-generated content also thrives inside the app. The myco model pays them from the very first post and at a higher rate than other platforms.
Fans and viewers attracted to myco by premium events stay connected through the content. Unlike other platforms, viewers earning $myco tokens by watching and commenting, with over 2.5 million micro payment transactions already recorded.
Brands and advertisers use the myco app to find highly engaged communities. T20 World Cup games featured 50 minutes of advertising including spots from global beverage and pharmaceutical leaders.
Every layer of this model connects to the next, forming an ecosystem where some of the world’s largest sporting events (and more) can thrive.
Myco’s model takes advantage of two huge trends - the increasing value of sports streaming and the exploding popularity of cricket.
Sports Rights
While cricket has always been popular across South East Asia and the British Commonwealth, the game is now exploding around the world.
The Indian Premier League’s last media deal totaled $6.2 billion over five years, making it the second highest per game fee in the world after the NFL. In the 15 years since its inception, the average franchise value has grown from $67 million to $1.04 billion.
The International Cricket Council is making an explicit effort to grow the game by hosting the 2024 T20 World Cup in North America. Sellout crowds have packed venues with media coverage of the rising popularity in the New York Times, Washington Post, Wall Street Journal, and hundreds of other media outlets.
myco recently secured digital streaming rights in Pakistan, the world’s second largest cricket nation, for six marquee ICC tournaments over the next two years. This includes the ICC World Cup, the T20 World Cup June 2024, the ODI Champions Trophy in early 2025, and the Women’s T20 and ODI World Cups in the next two years.
A two-year strategic partnership with Willow TV makes myco the streaming home for cricket in the United States and Canada with coverage of an immense slate of matches including the IPL, Pakistan Super League (PSL), and Major League Cricket (MLC), in addition to the World Cup and other internationals.
myco’s reach goes far beyond cricket with live and unscripted content across a number of sports.
The platform has shown major events in fast-growing sports like Squash, Padel, MMA, as well as established properties like the English Premier League, F1, and Boxing.
The platform’s original programming crosses over into sports as well, with cricket reality show, Camp with the Champ, which features cricket star Harbhajan Singh, and Her Right to Play, a documentary focused on women in Pakistan fighting cultural barriers for their right to play football.
Music, Entertainment and More
myco is actively applying the same integrated model connecting creators, fans, and brands across a variety of categories beyond sports.In the world of music, myco has secured the rights to stream the wildly popular performances recorded at the famous Coke Studio.
myco’s encourages the development of film and television content with initiatives like the popular Dubai Film Society. myco originals include projects like Her Right to Play. This documentary, released in partnership with Dove and Unilever, focuses on women in Pakistan fighting cultural barriers for their right to play football. Syndicated distribution deals are also in place on Amazon Prime and Insight TV.
Creators can also find funding for their projects through the “My Collab” section of the platform. More than 2,000 creators have connected with the community to support their projects.
The Financials and Investments
Myco is a vertically integrated web3 streaming platform with diverse content ranging from live sports, film, documentaries to influencer and user-generated content (UGC).
The company expects to be both cash flow positive and profitable in the 2023/24 year, projecting $7.5 million in revenue and over $1 million in profits.
This is a Series A round carrying a valuation of $80 million and a price per share of $6.15.
The allocation available to Republic investors through this round is $1.5 million, a small percentage of the much larger total.
Each share is accompanied on a 1:1 basis by a $myco token warrant.
This token acts as currency within the site, used for rewarding both creators and viewers. Plans are in place for $myco tokens to be traded on some of the top tier exchanges.
Vision and strategy
“myco” has a brand purpose & vision of “bringing true power to the viewers” and in turn bridging this power back to the content creators, sports streamers & independent film makers in terms of stronger communities, decentralized access to funding, no barriers to entry, higher monetization shares and lower streaming costs. Currently operating with a hybrid model on video streaming infrastructure, myco also has an aggressive target of moving its entire video infrastructure layer on-chain in a few years in order to pass on the benefits of decentralized data storage & consumption to myco’s growing global community and to ultimately become an eco-system that will support on-chain video IP creation, trade, custody and monetization. |
Leadership
Leadership & Board of Advisors
Board & Advisory
Disclaimers
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDealBroker LLC dba the Capital R ("ODB"). OpenDeal Broker LLC is compensated in cash commission and tokens issued by [issuer legal name]. [issuer legal name] will pay OpenDeal Broker LLC: a 5% cash commission, with a minimum fee to ODB of $25,000 per Offering, and 2% of the dollar value issued in securities/tokens to Investors pursuant to each Offering at the time of closing (as such terms are defined in the offering engagement agreement between ODB and myco Holdings Limited.
myco Holdings Limited has engaged ODB to conduct an offering ("the offering") of digital assets (myco) issued by myco Holdings Limited to eligible persons on the Republic platform (the "Platform").
This is a speculative, risky investment and may be illiquid or pricing may substantially fluctuate in value. You may lose money.
All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th Floor, New York, NY 10010, please check our background on FINRA’s BrokerCheck. Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.
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THIS OFFERING IS CONDUCTED PURSUANT TO RULE 506(C) OF REGULATION D PROMULGATED UNDER THE SECURITIES ACT AND IS LIMITED SOLELY TO ACCREDITED INVESTORS AS DEFINED IN REGULATION D UNDER THE SECURITIES ACT. ONLY PERSONS OF ADEQUATE FINANCIAL MEANS WHO HAVE NO NEED FOR PRESENT LIQUIDITY WITH RESPECT TO THIS INVESTMENT SHOULD CONSIDER PURCHASING THE [token name] TOKENS OFFERED HEREBY BECAUSE: (I) AN INVESTMENT IN THE [token name] TOKENS INVOLVES A NUMBER OF SIGNIFICANT RISKS; AND (II) NO MARKET FOR THE [token name] TOKENS CURRENTLY EXISTS, AND EVEN IF ONE WERE TO DEVELOP, THE [token name] TOKENS OFFERED HEREBY ARE SUBJECT TO TRANSFER RESTRICTIONS AS DESCRIBED HEREIN. THIS OFFERING IS INTENDED TO BE AN OFFERING THAT IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.
This Offering is limited solely to Purchasers who are “accredited investors” as defined in Regulation D. To be eligible to participate in the Offering, you will be required to represent to the Company in writing that you are an accredited investor and must have provided a third-party certification attesting to such status as required by Rule 506(c). You must also represent in writing that you are (i) purchasing the Subscription Agreements for your own account and not for the account of others and not with a view of reselling or distributing the Myco Tokens, (ii) not domiciled or a citizen of a country in which cryptocurrency offerings are illegal, and (iii) not from countries which the Office of Foreign Assets Control has deemed a “sanctioned” country.
In order to qualify as an “accredited investor,” a potential Purchaser must meet one of the following conditions of the date on which the Token Purchase Agreement is executed and as of the date of the purchase:
(i) Individual – Income Test. An individual who had an income in excess of $200,000 in each of the two most recent years (or joint income with his or her spouse in excess of $300,000 in each of those years) and has a reasonable expectation of reaching the same income level in the current year;
(ii) Individual – Net-Worth Test. An individual who has a net worth (or joint net worth with his or her spouse) in excess of $1,000,000 (excluding the value of such individual's primary residence);
(iii) IRA or Revocable Company. An Individual Retirement Account (“IRA”) or revocable Company and the individual who established the IRA or each grantor of the Company is an accredited investor on the basis of (i) or (ii) above;
(iv) Self-Directed Pension Plan. A self-directed pension plan and the participant who directed that assets of his or her account be invested in the Partnership is an accredited investor on the basis of (i) or (ii) above and such participant is the only participant whose account is being invested in the Partnership;
(v) Other Pension Plan. A pension plan which is not a self-directed plan and which has total assets in excess of $5,000,000;
(vi) Irrevocable Company. An irrevocable Company which consists of a single Company (a) with total assets in excess of $5,000,000, (b) which was not formed for the specific purpose of investing in the Partnership, and (c) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment;
(vii) Corporations and Other Entities in General. A corporation, partnership, limited liability Company or Massachusetts or similar business Company, that was not formed for the specific purpose of acquiring an interest in the Partnership, and which has total assets in excess of $5,000,000; or
(viii) Entity Owned by Accredited Investors. An entity in which all of the equity owners are accredited investors. OpenDeal Broker LLC is a New York limited liability company. Neither OpenDeal Broker LLC nor Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by the Company.