HomeLatest NewsCoinLinked to raise funds via token offering for early investors

CoinLinked to raise funds via token offering for early investors

October 8, 2020 By Hassan Maishera

CoinLinked has announced that it intends to raise $5 million via a regulated security token offering (STO) to investors

Southern California company, CoinLinked, announced that it intends to raise $5 million with its upcoming security token offering. The blockchain-based social network and eCommerce platform revealed it would be offering REG D 506(c) and/or Regulation S asset-backed Security Tokens.

The STO would be for private placements as only accredited US investors, and qualified non-US investors would be allowed to participate in the fundraising process.

CoinLinked would be working with Vertalo, Dealbox and Andes Capital to fund the next phase of the business by offering private and accredited investors shares of ownership in the company. “Available exclusively to Accredited U.S. Investors (REG D) and Qualified Non-U.S. Investors (REG S), these securities offer potential funders an exciting opportunity to invest in the expansion of the Company’s Blockchain-based solution, which is already successfully connecting the traditional marketplaces of today with the digital currencies of tomorrow,” the press release added.

The CoinLinked platform is looking to promote cryptocurrencies as a means to create global payments. The blockchain company aims to achieve this goal by enabling people to buy anything online with cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC) and the USDC stablecoin.

When members share and comment on posts, they will earn CoinLinked Coin, as an initiative designed to grow the network. According to Ta, CoinLinked is a decentralized version of social platforms like Twitter and Instagram.

Ta added that the current STO offering would provide interested investors with an exciting and selective opportunity to play a crucial role in taking the fully functional CoinLinked social marketing platform to the next level of artificial intelligence (AI) innovation.

CoinLinked revealed that in the upcoming STO fundraising round, the company would sell 200 units, each consisting of 12,500 CoinLinked STO tokens. Each unit would cost $25,000, equal to $2 per CoinLinked token. Investors would then be allowed to invest in the project via cryptocurrencies such as BTC, ETH, USDC, Tezos (XTZ) and the US Dollar (USD).

Ta intends to use the CoinLinked platform to revolutionise numerous industries. According to the Wall Street veteran, their goal is to “revolutionize every industry, activity, and transaction we can by leveraging the inherent potential of crypto and other digital currencies to make simplicity, security, and speed the norm in the global e-commerce marketplace”. To achieve their dreams, Ta is inviting the most serious and discerning investors to evaluate joining the platform and enjoy the exciting ride.