ZUG, Switzerland, November 14, 2017 /PRNewswire/ --
trade.io - One of the year's most anticipated ICO's,
announces that less than 1 week into their PRE-ICO they have
surpassed their soft cap of $5M.
Net of all fiat & Ethereum deposits, trade.io has raised
$7,055,267 and 6,825,200 Trade
Tokens.
(Logo:
http://mma.prnewswire.com/media/592785/trade_io_Logo.jpg )
Surpassing their soft cap enables trade.io to execute on a
multitude of its initiatives. This includes the buildout of
their proprietary blockchain-based exchange and robust technical
infrastructure, which is well ahead of schedule and will be
available for beta testing in January
2018. Further to that, this accelerates integration
with existing 3rd party trading platforms, artificial intelligence
adoption for price discovery and above all initial contribution
into their revolutionary liquidity pool.
The initial fund raise included contributions from existing
clients deriving from the Company's early adopters, which is a
testament to the demand for the utility Trade Token which will
serve as a currency on the upcoming platform.
On the announcement, CEO Jim
Preissler commented, "The trade.io team is extremely
pleased with the initial results, and is a testament to the support
of the ever increasing trade.io community. While still
early, the momentum we're witnessing in our brand is
truly special to see. trade.io participants have
spoken, they want something new and innovative, and
we're honored to be the company they are
choosing."
Fund Raise
Milestones
trade.io has stated that additional
funding will allow them to unlock additional value propositions.
A $10M to $20M raise
provides the company with the ability to further strengthen its
liquidity pool and to start building out its seed funding
initiatives which provides kickstarting capital to its early
adopters and to early stage companies that wish to list on its
exchange. Once an additional $15M is raised or $35M in total, it will allow trade.io the ability
to start offering its exchange on additional blockchains, including
the development of their own blockchain, hence moving towards
interoperability of different protocols.
A $50M cumulative raise
will kick off development to create compliant smart contracts for
use in its investment banking offering. At this stage further
investments will be made to develop smart contracts that are able
to settle across different protocols and yet maintain the level of
compliance required for compliance monitoring and reporting.
There will be also further contribution into the liquidity
pool to start preparing for institutional volume.
A $50M to $100M raise is
when many of the broader, longer terms goals of trade.io take
effect, and tap into the unique expertise of the group. Based
on analysis, a $50M total raise will
allow them to proceed with procuring world renowned global
regulatory licenses such as Swiss Banking License & Alternative
Trading System (ATS) regulation in the US. in the meantime trade.io
will continue to operate in partnership with its early adopters who
are already adequately licensed to provide services offered by
trade.io.
From $100M onwards enables
trade.io the ability to contribute further to its liquidity pool,
but as importantly activate its strategy of acquiring existing
profitable companies. These businesses will bring value in
the form of technologies, widening of regulatory footprint and
product offering. TradeToken holders will benefit from these
acquisitions as the businesses will be bolted on to trade.io.
One clear benefit of these acquisitions is the profitability
of the liquidity pool. Revenue growth by strategic
acquisitions accelerates the profits within the decentralized
liquidity pool, which are then shared with participants as
described in the white paper of trade.io .
trade.io PRE-ICO is currently open until 25 November 2017, with the ICO beginning
28 November 2017, concluding
15 December 2017. Find out more by
visiting trade.io .