XIXOIO – a new cryptocurrency start-up – announced on Monday that it has appointed Nikolay Rozhok, the founder of payments firm MoneyPolo, as CEO.
Rozhok, who helped co-found the firm, has already taken up his new position.
For those unfamiliar with XIXOIO, the firm, which was only launched last month, is developing an array of different financial services platforms that will allow users to access, amongst other things, business accounts and digital currencies.
XIXOIO – Redesigning the ICO
On top of this, the firm has developed a number of solutions for companies that want to raise funds via initial coin offerings (ICOs).
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Currently, XIXOIO says it is in the process of developing a new solution, which it calls the Initial Public Coin Offering (IPCO). The firm says that this service will help companies raise funds for business financing.
“The recent, unconstrained excess of ICOs has been detrimental to legitimate businesses who wish to use blockchain to raise capital,” said Rozhok.
“Investors need additional safety mechanisms to protect their ICO holdings from disappearing. Through IPCO, companies and investors will mitigate the risks and problems we currently see with ICOs.”
As noted, Rozhok was the founder of MoneyPolo and, until last March of this year, its CEO.
Starting out in one room in the back of his apartment, Rozhok grew the business so that, when he left earlier this year, it had more than sixty employees and its services were used in countries across the globe.