LOS ANGELES, March 28, 2018 (GLOBE NEWSWIRE) -- ivyKoin™, the new buzzed about cryptocurrency, is proud to announce that they have significantly exceeded the original raise target of $15 million in subscriptions during the pre-sale period. The offering was significantly oversubscribed, and the company ended up accepting $16.5 million in bids.
“We’re thrilled by the amount of interest we’ve had in our tokens,” commented Gary Fan, ivyKoin™ President. “To have greatly exceeded our target subscriber numbers during this initial round validates our goal of bringing a transparency-focused solution to market. With our enhanced technology in place, we’re legitimizing an industry that is facing mounting concerns associated with compliance issues and fraud. ivyKoin™ was built to fill in those regulatory and industry gaps and bring bankability, legitimacy, and security into the space.”
Backed by Change Financial, which is dual-listed on the ASX and New York’s OTC market (ASX:CCA) (OTCQX:CNGFF), ivyKoin™ enables clients sending or receiving in excess of $10,000 to use blockchain technology that allows for voluntary de-anonymization. Coupled with far more extensive transaction data than traditional payment networks, ivyKoin™ acts as the perfect bridge between banks and businesses yearning to benefit from the speed and reliability of cryptocurrency technology.
With ivyKoin™ leading the way and setting the cryptocurrency standard, businesses previously hampered by slow transactions (i.e. long collection waiting periods) can ride the ivyKoin™ wave right into the future and relegate much of their conventional payment processing to the past where it belongs.
Fan, offering further comment noted, “We’re poised to become a next-level force in the burgeoning cryptocurrency marketplace. We fully embrace this new pathway to blockchain-based transactions for businesses and banking institutions alike, while recognizing the importance of developing and providing a technology that empowers individuals and institutions with the freedom to determine the level of visibility and transparency that is best aligned with their needs.”
ivyKoin™, led by a heavy-hitting financial dream team, is targeting mid-April for their TGE.
About ivyKoin™
ivyKoin™ is building a blockchain based cryptocurrency for business transactions, particularly those exceeding $10,000 which require extensive verification in the international monetary system. ivyKoin™ will embed far more Know Your Transaction (KYT) and Know Your Customer (KYC) information into payments than incumbent payment networks. ivyKoin™ seeks to bridge the gap between current global financial systems and the emergence of cryptocurrencies, positioning itself as the future for global payments. Join the ivyKoin™ conversation on Telegram today: https://t.me/ivyKoinchat.
Contact
Jed Wallace
Brand Wagon Agency
jed@brandwagonagency.com
310-403-0559