Coinvest, a full-suite blockchain technology company for users to learn, invest, and spend cryptocurrencies, today announced the distribution of its native security token, COIN, to more than 600 investors.
The token distribution follows a successful crowdfunding campaign onRepublic Crypto, an AngelList-affiliated crowdfunding platform for startups. This distribution was conducted in accordance with JOBS Act’s Regulation Crowdfunding (Reg CF) guidelines.
Kendrick Nguyen, Republic CEO:
“Coinvest’s delivery of their token is a sign that the project isn’t just promoting a great idea, but it’s providing a tangible product.”
Coinvest raised the maximum goal of $1.07 million USD under Reg-CF guidelines in its Republic Crypto campaign. A total of 617 investors participated in the crowdfunding campaign.
COIN will be the native token for the Coinvest ecosystem. COIN holders will be able to create investment transactions and portfolios in Coinvest Trade, a fully decentralized trading platform. Users will also able to receive assets from investment portfolio profits and index fund investment fees and purchase goods and services from merchant partners. In the near future, Coinvest plans to build a full ecosystem for investors starting from the decision-making process, through investment, to a debit card payment system where participating merchants will accept COIN.
Korean Crypto Exchange Bithumb to Launch Security Token Platform in the U.S. Bithumb has agreed to partner with American fintech company seriesOne. According to a blog post published by seriesOne on November 1, 2018, the […]
Security token trading platform DX.Exchange says it has patched a security vulnerability that allowed anyone to access user authentication tokens. DX.Exchange, which went live on Monday, offers crypto tokens representing shares in a number of […]
Swiss blockchain company Lykke has teamed up with Amsterdam-based start-up Nxchange, a white-label platform that allows companies to issue and trade equity and bonds, to launch a regulated tokenized securities exchange. Both parties are seeking […]