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#Blockchain All projects

Bailsman: Enabling people to exchange their security deposits for guarantees

А cloud-based security deposit solution that works on Ethereum and KSI blockchain.

stage Ended crowdsale


  • Employees20


man James Oates


A pioneer in Central and Eastern European investment for over 25 years, James has worked on Wall Street and in the City of London at some key investment banking companies. James has been advising government institutions and companies for more than a decade. Based on his broad experience in global and regional leading banking, he handles Bailsman’s relations with banks and financial institutions.

man Indrek Rand

COO, Co-Founder

A founder of an asset financing company and an investor and an advisor at a payment solutions start-up and several others, Indrek has over 15 years of experience in financing. Holding a degree from the Tallinn University of Technology in Network Software and Intelligence Systems, Indrek runs Bailsman’s everyday operations and expansions to new markets.

man Priit Puppart

Chairman of the Board, Co-Founder

As an entrepreneur with experience in soft commodities trading, Priit has a keen interest in finance start-ups. Having previously founded a consumer credit aggregation start-up, he is now focusing on developing Bailsman’s product and sales partnerships.

man Reimo Hammerberg

Legal & Regulatory

A partner and a head of the Banking, Finance Insurance Practice Group in the largest law firm in region, Reimo is an active member of the Estonian Private Equity and Venture Capital Association. Reimo holds a LLM from the University of San Diego, School of Law. At Bailsman Reimo manages legal and regulatory matters including relationships with central banks and other financial services regulators.

man Oleg Šurõgin


Specialized in financial IT solutions developments, Oleg has more than 13 years of technical experience. His extensive experience in building up solutions from stock exchanges to consumer finance companies brings deep knowledge for Bailsman’s build-up.


man Stephen Drew

Partner at Crypto Global Capital

Stephen has 20 years experience in investment banking, fintech, & real estate. Last 4 years investing and trading crypto currencies. 15 + years experience working on Wall Street in trading and investment banking. Stephen has raised over $1 billion in financing for his clients, ranging from small to medium size companies. With CGC Stephen oversees the day to day operation of the fund from analyzing investments to speaking with high net worth individuals and family offices. Currently, advisor to over 20 Blockchain companies. Member Yale Club NYC.

man Shaun Dindia

Partner at Crypto Global Capital

CGC is a $100M Crypto Hedge Fund based in NYC and the Caymans. Our typical investments range from $500k - $5 Mill+. For larger investments CGC will often syndicate with other funds/investors. CGC also represents companies as their Capital Markets Advisor and/or lead Investment Banker. In this role, CGC provides exposure to some of the largest and most active crypto investors in NYC and around the world, through a network of 150+ family offices and over 1,500 HNWI's.

man Mike Raitsyn

Co-Founder of ICOBox

Investor dashboard for token sales with 40+ features. KYC/AML and accredited investors checks. Smart contract development and audits. Tokenomics and blockchain implementation for business.

man Alex Linenko

Lead Business Development manager at ICOBox

I'm blockhain enthusiast, entrepreneur and practicing expert in crypto economy, helping in ICO token-sales setting up and it's genius Marketing&PR support.
My highest expertise is in the innovative blockchain projects developing and digital marketing processes automation.
Came to blockchain sector in 2015th and immediately got involved with cryptocurrency mining assets, including mining facilities and capacities. In early 2017th has joined Cryptonomy Capital Fund to help launch it's business and sub-projects, including ICObox.io, token-sale of which raised over $18M, and LedgerPay – fiat-currencies tokenized by blockchain.
A founder and former CEO at SatangDee – the first peer-to-peer lending platform in Thailand. Co-founder and former CEO at Uptopromo – Indonesian and Thai leading online-marketing automation SaaS solution.
Developed and bootstrapped SEOpult.ru – a market leader in automatic search engine optimization. Author of books and articles on internet marketing and blockchain technologies.
Over 10-year career as an Internet entrepreneur founded and co-developed numerous digital marketing and blockchain products.
Current position - Lead Business Development Manager at ICOBox.

Peter Phillips-Minet

Executive Director at Goldman Sachs

Arti Ots

CEO at Kcell

Kaido Saar

Former CEO at Bigbank, leading Baltic consumer finance bank

Kalev Reiljan

COO at Division X, Telia

Kätlin Hein

Senior Associate at Sorainen Law Firm

Teddi Rull

Co-Founder at Agrello Foundation

Kaarel Loigu

Chief Credit Officer / Head of Credit Division at Versobank AS

Crowdsale details

Distribution of tokens
  • Crowdsale (51%)
  • Team (Founders) (8%)
  • Community Pool (2%)
  • Foundation (33%)
  • Advisors and partners (6%)
Budget allocation
  • Researcg and Development (35%)
  • Marketing and Sales (20%)
  • Legal (10%)
  • Reserve and Unexpected Costs (20%)
  • Admin and Operations (15%)
Details Indicators
Token Symbol BAILS
Full Token Name BAILS token
Crowdsale Start September 1st, 00:00 GMT+03:00
Crowdsale End Hard cap is reached or October 26th, 00:00 GMT+03:00
Crowdsale Hard Cap Fixed, 60000000 €
Domain owner Individual

Cost of the token

1 token for 0.03 Euro

Price without discounts

Accepted currency

  • Bitcoin
  • Ethereum
  • Ethereum Classic
  • Litecoin

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Frequently Asked Questions

Where and how should I store my tokens?

You can store them on ICOBox platform or in any Ethereum wallet.

Will you have an escrow? What company will be providing this service?

Yes we do have. Escrow service is provided by PricewaterhouseCoopers Legal.

In what currency will you keep the funds you collected? And where exactly?

All funds are kept in ETH, BTC, BHC & LTC in cold storage in safety deposit boxes at reputable banks.

Where can I track the BAILS sale progress and see how much has been collected?

Up-to-date information on BAILS token sales and collected amounts is published in real time on our website https://ico.bailsman.co/

How can I pay? How long does it take for the payment to arrive? What are the fees?

You can make a payment by transferring funds from any BTC or ETH wallet. The funds are credit to your personal account in the system, from where you can pay for the tokens you wish to buy in the initial offering of BAILS tokens.
We do not charge any fees on payments. However, third party payment processors may charge fees.

Do you have a minimum amount of funds you have to collect? What will happen if you fail to collect it?

We have set a first milestone of EUR 10,000,000. If collected amount is below this milestone, team will make strategic changes in the steps how to continue further.

Do you have a cap for the funds you want to collect?

We have set EUR 60,000,000 as a hard cap, it has divided into milestones.

When will BAILS tokens start trading at exchanges? And at which exchanges?

Listing the tokens to exchanges are still under the discussion. That will depend on the developments in legislation, hopefully in a direction that allows that.

Will your team tokens be freezed for some time?

Yes, Bailsman team tokens will be frozen for 6 months.

Can I take my tokens out of your service?

Yes, you can deposit your tokens in any Ethereum wallet.

How do you ensure the safekeeping of the tokens?

The vast majority of the system's tokens is kept in cold storage, and we ensure the strict safety procedures. Account access in secured with two-factor verification which prevents unauthorized access.

I am afraid of a hacker attack. How secure is your system?

We are using the ICOBox system and that is designed and developed by the team of the internationally acclaimed cryptographer Dmitry Khovratovich, who is a security expert at the University of Luxembourg.
Our wallet is held separately from the system and protected with several security layers and processes.

Minimum purchase? Maximum purchase?

Minimum token purchase is 1 BAILS token. Token sale volume is 2,000,000,000 BAILS. Purchase amount is not limited by us.

Who distributes BAILS tokens and how soon will I get them after the end of the token launch?

Tokens are distributed by the ICOBox platform.

Do BAILS tokens comply with EIP-20 standard? Can they be transferred to an external Ethereum wallet?

Yes, BAILS tokens comply with EIP-20 standard. Yes, BAILS token can be transferred to an external Ethereum wallet.

Where do you base (legally-wise)?

We are based in Tallinn, Estonia.

What exact problem does your product solve?

What exact problem does your product solve?
The current market situation requires that clients possess large amounts of extra funds for security deposits, which either they don’t have or can use for other purposes. At the same time, those security deposit funds are tied down, unused for the whole service period (in some cases even longer), and cannot be used by either party for more necessary or profitable purposes. On other side, in order to keep security deposits affordable, merchants are forced to take uncovered risks against clients.
Bailsman provides a third party guarantee to the merchant for a small fee that is paid by the client, meaning there is no longer any need to make a security deposit payment and tie up cash. At the same time, Bailsman allows merchants to ask for the needed security deposit amount, free of charge, and without fear of frightening potential clients away.