CanYaCoin closes ICO on AUD $12m, making it one of Australia’s largest

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain powered services marketplace platform CanYaCoin has raised around AUD $12m in its ICO, making it Australia’s second largest coin sale.

The ICO picked up 11,013 ETH, and any member that contributed more than 10 ETH will be subjected to KYC checks before they receive any tokens. Later in the month, the tokens will be listed on select exchanges.

All CAN tokens not sold during the ICO will be put into the company’s Asset Contract. This protocol will see 30 per cent of the tokens put on ice, 30 per cent fed back to the community through reward pools, 30 per cent will be burnt and the remaining 10 per cent will be given to charity.

CanYaCoin is a P2P marketplace platform to help consumers pay for services through the app with cryptocurrencies. The solution offers an automated payment solution which accepts a range of digital tokens such as bitcoin, ether, dash and monero. Through CanYaCoin, users are also provided with a digital wallet, enabling credit card and bank account links, to offer alternative payment methods.

Australia-based CanYa is fully compliant with current regulations and is already planning for future legislations, according to the company.

Following the close of the ICO, the company’s next step is the global launch of the solution, which is targeted for March. Once this has been achieved, focus will be put towards updating the app. New features will include in-app translation, video calling, chat-bot functionality and advanced desktop options, according to the company.

Last month, CanYa acquired the majority stake into P2P open-source software platform BountySource. The acquisition, which was made for an undisclosed fee, saw CanYa increase its ecosystem by 46,000 users.

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