Cryptocurrency trading platform Tokens raises $15m in ICO

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fintech insurtech wealthtech regtech ai cybertech esg news

Cryptocurrency trading platform Tokens has raised $15m in an ICO from 1,799 contributors.

DTR tokens were sold during the ICO and represent the ability to trade on the platform without the need to pay fees. During the ICO, the company is looking to distribute 40 per cent of its total token limit, with the current sale having a hard cap of $15m. This sale begun on November 6th, with a run time of 30 days.

The UK-based company offers users a safe and transparent market to trade cryptocurrencies. Through the solution users are able to trade their tokens in a reliable and secure manner.

Following the close of the token sale, the company is planning to launch a private beta of its solution in April 2018, with the mobile app beta following in June. Public launch of the solutions is planned for July and August.

The company was founded by Damian Merlak who has more than 15 years of experience in web development. Merlak has previously founded two other companies: cryptocurrency exchange Bitstamp and Quantum Projects.

Last week, cryptocurrency exchange closed an undisclosed investment from East Ventures. The Indonesian company is an online platform which allows users to buy and sell tokens, with the capital is hoping to expand across Southeast Asia.

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