crowdsale


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crowdsale

A type of crowdfunding that issues tokens (electronic records) that are stored on the user's device. The tokens can function like a share of stock and be bought and sold ("equity tokens"), or they can pay for services when the service is up and running ("user tokens"). The crowdsale may also issue tokens as a short term loan ("debt tokens") that are repaid with interest. See cryptocurrency and crowdfunding.
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The virtual currency will be made available as a result of Cappasity's upcoming $50M token crowdsale scheduled for the end of September.
A maximum total of 12,400,786 OneGramCoin tokens (OGC) will be sold, making it the largest cryptocurrency crowdsale goal in history, it added.
Thirdly, the Trade Exchange will be ready before the crowdsale ICO.
The crowdsale initiative is intended to allow investors to take a stake in the company.
We did a crowdsale earlier and raised funds for marketing and further expansion," he added.
Foreseeing the risk, in the UAE, the Securities and Commodities Authority has raised the alarm about all digital, token-based fundraising activities or investment schemes, whether referred to as initial coin offerings, ICOs, initial token offerings, token presale, or token crowdsale.
As a part of its fundraising initiative, Cajutel has launched the crowdsale of its CAJ tokens.