Fokoya, the creator of Blockium(BOK) announced the launch of its IEO (Initial Exchange Offering) via Coineal, an Asian based crypto exchange platform.
Blockium a financial platform that makes financial competitions and trading against friends, colleagues, and strangers possible at any budget size, using its Blockchain technology to tokenize real-world assets. The application which was launched 8 months ago has garnered over 30k installs from the app store and Google Play. Over 500k financial portfolios have been created from over 1.5 Million assets since its launch.
Tel Aviv based Fokoya is riding the new IEO wave where projects get to launch their tokens on well-known exchanges like Binance and Bittrex, the burden of the token sale processes is taken care of by the exchange itself giving its existing users exposure to the tokens.
Blockium is aiming to raise $1.2 Million in funding through Coineal. The firm estimates the sale of 650,000,000 offered for $0.023 per token which is 8% of the IEO’s volume.
The company writes in a recent press release:
“Complete tokenization of Blockium will effectively meet the needs of both novice and senior traders by upgrading the user experience with newly added values and features embedded within the platform, including an accepted entrance fee that suits any budget imaginable. Blockium empowers its trading community by allowing users to become investors and unofficial partners when holding its exclusive token, which they can compete with and turn great profit.”
Gilad Raz, CEO of Fokoya
“An IEO through Coineal is the perfect approach for Blockium to take as we begin an outreach strategy that penetrates the Asian market through the exchange’s branches in China, Japan, Korea, and Vietnam, Fundraising via IEO will allow Blockium to consistently develop company activities, as well as the platform’s token economy, with an optimized product that acts as a gaming competition resource to anyone the trading world. Tokenization is key, as it will create b2b opportunities for us in the future, while meeting the needs of our crypto community immediately.”
Disclaimer: The above information is for information purposes only and does not constitute financial or investment advice in any shape or form.
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