SAN FRANCISCO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Cointopia (www.cointopia.com) today announced the launch of its community-driven token sale marketplace. Cointopia’s fully compliant ICO and post-ICO solution is supported by blockchain industry titans 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), and more. With a $2 billion pipeline in token sales, Cointopia brings together purchasers and token sale companies to fill a void in the cryptocurrency marketplace.
In today’s ICO landscape, token sale companies often don’t have access to active purchasers, resulting in unsuccessful raises. Meanwhile, retail investors suffer from misinformation and overload with the global influx of new projects. When successful token sales do take place, funds are often lost in increasingly sophisticated hacks. Cointopia’s solution facilitates secure and successful token sales by connecting ICO companies with the right investors and service providers.
“As with any new growth industry, the companies selling the ‘picks and shovels’ always win,” said Gil Penchina, one of Cointopia’s advisors and investors. “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 partners with the highest caliber of ICOs in the industry, starting with Bee Token, a ‘decentralized Airbnb’ founded by former Uber engineer Jonathan Chou. The Bee Token met its private-presale fundraising goal in less than five minutes, making it one of the most sought after tokens available today.
“We chose Cointopia as our launch partner because we feel they are raising the bar for ICOs, both during the token sale and after,” said Chou. “Cointopia also provides access to an impressive list of institutional investors and family offices that we otherwise wouldn’t be able to reach.”
In addition, WAX (Worldwide Asset eXchange) has partnered with Cointopia to leverage products and services on its platform. Tokens will also be allocated ahead of the upcoming Telegram 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.”
Cointopia has developed a native token to incentivize stakeholders to participate in its online community, boosting value for the ecosystem. The company’s proprietary algorithm helps ICO companies find the most competitive service providers to meet their needs. The Cointopia marketplace already includes 25,000 accredited investors and more than 100 service providers. Cointopia will conduct a token sale for its own native token in Q1 2018.
ABOUT COINTOPIA
Cointopia is an ICO management platform, founded by a seasoned team of successful technology and business veterans and led by serial entrepreneur Charles Michael Yim, the first Shark Tank contestant to receive unanimous support and investment from all five celebrity judges. The company is also backed by the biggest names in the technology industry, including Brock Pierce, Gil Penchina, Miko Matsumura, Jeremy Gardner, Richard Titus, Michael Terpin, Jed McCaleb, Sonny Singh, Mike Costache and Marco Santori. Companies launching an ICO on Cointopia include The Bee Token, one of the most anticipated token sales of 2018.
MEDIA CONTACT: Transform Group, cointopia@transform.pr