Exodus has a great UI but I don't think I'll be investing in its IPO. It markets itself as a wallet so considering that most people are using other wallet services including Electrum, hardware wallets (which I know can be used with Exodus but generally aren't), and exchanges as wallets (such as Coinbase), I think the scope for them to earn money is limited. I also think that like ICOs, it may get an inflated price at the start which peters out soon after.
My very first transaction was on Exodus and I love using the wallet. After a long time, I updated it and saw that it is holding a public offering. Here is the
official statement:
Exodus Movement, Inc., a Delaware corporation, is pleased to announce that it is considering a potential offering of up to $50 million of shares of its Class A common stock pursuant to Regulation A. Both accredited investors and non-accredited investors ("qualified investors") would be able to participate in the potential Regulation A offering.
- The company's revenue is from exchange spreads so will they be able to pay a certain percentage of their income to shareholders?
- If yes to the above question, how will it be paid?
- What is the company's revenue at the moment?
- What is the total volume of issued shares and how much of them will be reserved for the company.
The Exodus website's
FAQ and the CEO's
statement in a Reddit thread don't address dividends at all, nor does it state on its website how much revenue it earns, so finding out how much revenue Exodus earns is seemingly just speculation. That lack of transparency is another reason why I will not be investing.