There is a rapid push to standardize and professionalize the initial coin offering (ICO) market. As competition heats up, you no longer can add Blockchain to your name and expect immediate token success. You need to have a reputable team in place and you need to issue your tokens on a reliable and robust platform.
Today, Cointopia has announced the launch of its fully compliant ICO platform and post ICO management solution – and it is backed by many of the biggest names in cryptocurrencies. According to the current list, supporters include Jed McCaleb (Stellar, Ripple), Brock Pierce (EOS, Blockchain Capital), Gil Penchina (super angel on AngelList, Wikia, eBay, Paypal), Jeremy Gardner (Augur, Ausum Ventures), Miko Matsumura (Evercoin, Pantera Capital), Michael Terpin (Transform Group, BitAngels), Sonny Singh (BitPay), Marco Santori (Cooley), Mike Costache (d10e)… the gangs all here. Even more importantly, Cointopia says it has $2 billion in token sales coming down the pipeline. Cointopia is ready to go.
Cointopia says it will bring together purchasers and token sale companies to fill a void in the cryptocurrency marketplace. Cointopio wants to be the solution that pulls in the right investors that assure successful coin offerings. Management says its platform is secure against increasingly sophisticated hacks and will connect users with the best service providers. A kind of a one stop shop for all your security token needs. Cointopia says it has already signed up 25,000 accredited investors and more than 100 service providers.
“As with any new growth industry, the companies selling the ‘picks and shovels’ always win,” said Gil Penchina. “Cointopia is building the tools that every cryptocurrency company needs for not only a token sale, but for ongoing community building that is essential to long-term success.”
Cointopia says it will start with Bee Token, a decentralized AirBnB founded by Uber alumni Jonathan Chou. Bee Token hit its private presale goal in under 5 minutes. Cointopio expects demand for the public sale to be correspondingly robust.
Chou said he selected Cointopia because he feels they are “raising the bar for ICOs.”
“Cointopia also provides access to an impressive list of institutional investors and family offices that we otherwise wouldn’t be able to reach.”
Another well known crypto company, WAX (Worldwide Asset eXchange) has partnered with Cointopia to leverage products on its platform. Tokens will also be allocated ahead of the upcoming Telegram (a big one) and Recordgram ICOs.
“Once companies complete their ICO, the challenge has just begun,” said Charles Michael Yim, founder and CEO of Cointopia. “We created Cointopia to help companies manage their tokens, monitor performance, communicate with purchasers, track distribution, and ultimately increase the value of their tokens.”
Yim, by the way, is also known for his Shark Tank success where he had all 5 sharks back his company following a pitch.
As you may expect, Cointopia says it has developed a native token to incentivize stakeholders to participate in its online community, boosting value for the ecosystem. Cointopia expects to conduct its very own token sale for its native token in Q1 2018.
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