Trade.io, a provider of innovative crypto solutions, today announced that its token presale, which is ongoing, has already surpassed $20 million. Following the pre-ICO launch in November, the project hopes to raise $135 million to expand the reach of distributed ledger technology to create a truly digital environment for trading blockchain-based financial assets.
The crowdfunding that started less than two months ago has attracted more than 7 thousand participants, and in the midst of a successful pre-ICO the startup has passed critical milestones in fundraising.
By reaching such a decent amount, Trade.io will be able to further strengthen its liquidity pool and continue building out its seed funding initiatives. It also provides kickstarting capital to its early adopters and to early-stage companies that wish to list on its exchange.
The platform, which has received financial backing from Chinese billionaire investor Chien Lee, aims to integrate blockchain technology and smart contracts to create a peer-to-peer trading platform for crypto assets. Furthermore, it plans to subsequently introduce forex and CFDs for precious metals, oil, commodities, indices, global equities and more.
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Trade.io also pays considerable attention to security and cutting down transactions fees using blockchain technology. Earlier this month, the company entered into a memorandum of understanding to negotiate the terms for the acquisition of a New York City based broker/dealer.
Several major players have lent their approval to Trade.io. It was the first blockchain project to form an official partnership with FX and CFDs brokerage FXPRIMUS as an early adopter of the company’s technology and trading platform. The Switzerland-based company has also received an endorsement from several venture capitalists and early-stage investors.
Trade.io’s team consists of experienced fintech, finance, trading, and investment banking personalities. Two of its senior advisors will be speaking at a panel at the upcoming iFX EXPO Asia.
New Era or the Beginning of the End
China’s recent ban on cryptocurrency exchanges highlighted the need to shed light on the new reality of ICOs in Asia, under the heavy guard of Beijing.
The iFX EXPO Asia will be casting the spotlight on the token economy and if it really makes sense for the trading industry, as well as looking at how a killer white paper should look and what makes a pitch appealing to investors. One of the marquee panel discussions of the event is called ‘New Era or the Beginning of the End’, where experts from diverse segments will be grappling with the latest trends in the crypto community. The panel will feature Trade.io advisors, senior buy-side research analyst at Guotai Junan Securities John Patrick Mullin, and TokenTarget’s John Lewis.