Compcoin launches $45m ICO

Compcoin launches its ICO with an aim to raise $45m, which it plans to use to develop new investor technologies, customer acquisition and company growth.

The offering will see three million coins on sale for $15 each.

Founded in 2014, the company is a digital token developer with the focus on investing and growing capital, allowing investors to leverage it as an alternative investment vehicle.

Compcoin also gives investors access to parent company Fintech Investment Group’s automated trading platform ART.

To date 4.6 million Compcoins have been minted, averaging to 35 coins every ten minutes, with only a total of ten million coins to be minted by 2020.

Compcoin founder Alan Friedland said, “Compcoin is the first digital coin that grants investors access the world of algorithmic trading in the $5 trillion per day foreign currency market.

“Previously, such technology had only been available to elite investors, hedge fund managers, large insurers, pension funds and global banks.

“After eight years of testing, which resulted in highly successful predictions and high returns, we believe Compcoin is ready to generate profits for forex traders on the open market.

“By making our proprietary trading technology available to everyday investors, Compcoin is leveling the investor playing field and giving owners a real opportunity to experience success in this highly desirable asset class.”

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