Coinvest Announces Successful Token Distribution Following Sale on Republic #Crypto
Distribution follows a $1.07 million USD maximum raise per Reg CF
DALLAS, TX - December 3, 2018 (Investorideas.com Newswire) Coinvest, a full-suite blockchain technology company for users to learn, invest, and spend cryptocurrencies, is announcing the distribution of its native security token, COIN, to more than 600 investors. The token distribution follows a successful crowdfunding campaign on Republic Crypto, an AngelList-affiliated crowdfunding platform for startups. While previous security token distributions to non-accredited investors have been unregistered and several of them have been subsequently pursued by the U.S. Security and Exchange Commission (SEC), this distribution was conducted in accordance with JOBS Act's Regulation Crowdfunding (Reg CF) guidelines.
Republic CEO Kendrick Nguyen said: "The team at Republic Crypto is proud to be partnered with Coinvest to bring an exciting investment opportunity to our investor audience. Our team has developed a proven process to screen for some of the best projects in the blockchain space, looking for existing traction and examining their team, technology, and potential for disruption. Coinvest's delivery of their token is a sign that the project isn't just promoting a great idea, but it's providing a tangible product. This example of a successful fund raise and token distribution show why regulation is such an important factor in bringing maturity to the blockchain space."
Coinvest raised the maximum goal of $1.07 million USD under Reg-CF guidelines in its Republic Crypto campaign. The sale was first opened on June 13, 2018 and concluded within 48 hours on June 15. A total of 617 investors participated in the crowdfunding campaign and the campaign funds have gone to the creation of a hardware wallet and investment trading platform, capable of handling all of its user' cryptocurrency investment needs.
Damon Nam, CEO of Coinvest said: "As an advocate for accelerating the growth of the blockchain industry, we always aim to align ourselves with credible partners that share the same business goals, values, and standards that our community has grown to expect from Coinvest. We were extremely excited to align with Republic Crypto, a leader in the investment crowdfunding arena, to provide new levels of access and investment in our company through a secure and compliant offering. With help from the talented team at Republic Crypto, we were able to seamlessly navigate through complex legal frameworks while increasing interest in the Coinvest brand and help close the offering in 48 hours. The funds raised through Republic have enabled our company to achieve major milestones and product releases in only six months time."
COIN will be the native token for the Coinvest ecosystem. COIN holders will be able to create investment transactions and portfolios in Coinvest Trade, a fully decentralized trading platform. Users will also able to receive assets from investment portfolio profits and index fund investment fees and purchase goods and services from merchant partners. In the near future, Coinvest plans to build a full ecosystem for investors starting from the decision-making process, through investment, to a debit card payment system where participating merchants will accept COIN.
Republic CEO Kendrick Nguyen and Coinvest CEO Damon Nam are available to interview
About Republic Crypto:
Republic Crypto is a token pre-sale platform for startups to raise capital and for everyone to participate in Legal Token Distributions aimed to democratize blockchain investing. Our highly curated platform hosts a diverse set of crypto offerings, with minimum investment amounts as little as $50. Anyone can invest in blockchain projects they believe in.. Republic Crypto created the Token DPA as a way to give non-accredited investors access to security token pre-sales. Republic Crypto is part of Republic, a funding portal subject to U.S. securities crowdfunding regulations, and is under the supervision of the U.S. Securities and Exchange Commission and the U.S. Financial Industry Regulatory Authority. To date, the acceptance rate of companies applying to fundraise on Republic is well below 5%, while funding success rate exceeds 95%. For additional information, please visit: www.republic.co @republiccrypto - www.facebook.com/joinrepublic.
Coinvest is a blockchain technology company focused on developing solutions to democratize cryptocurrencies and bring them to the masses. The company's mission is to create decentralized tools for the world to seamlessly and securely invest and use cryptocurrencies. Coinvest is lead by a team of Microsoft alumni and prominent advisors Tony Scott, former CIO of the US Government, VMWare, and Microsoft as well as Pete Cashmore, founder of Mashable. Coinvest is one of the few blockchain companies in the world registered with the United States SEC and FinCEN. For more information about Coinvest, please visit: https://coinve.st. For more information, please visit our website. Should you have any questions, please reach out to us on our Discord.
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