Blockium kicks off IEO with Coineal exchange
Financial gamification platform Blockium, created by Fokoya, is launching its Initial Exchange Offering (IEO) on Coineal’s exchange to upgrade the UX for traders and improve its token economy.
TEL AVIV — April 2019 — Fokoya, the leading P2P platform provider and creator of Blockium (BOK), has announced the launch of its IEO via Coineal, the digital crypto exchange platform. Blockium makes trading against friends, colleagues, and strangers possible at any budget size, using blockchain and token technology.
Fokoya has launched Blockium Trading Competitions, a platform built for financial markets. It gives users the ability to trade directly against other traders for the first time ever, using its end-to-end solution and advanced integrations. Blockium empowers its trading community by allowing users to become investors and unofficial partners by holding its native BOK token. BOK holders then compete with others in the trading community to grow their portfolio.
Blockium’s IEO will be administered through Coineal’s cryptocurrency exchange to raise funds for the company’s newly-issued BOK token. The aim is to help crypto holders invest their tokens on an accessible blockchain infrastructure. Complete tokenisation of Blockium will effectively meet the needs of both novice and expert traders by upgrading the user experience with newly added values and features embedded within platform, including an entrance fee to suits all budgets.
‘An IEO through Coineal is the perfect approach for Blockium to take as we begin an outreach strategy that penetrates the Asian market through the exchange’s branches in China, Japan, Korea, and Vietnam,’ said Gilad Raz, CEO of Fokoya. ‘Fundraising via IEO will allow Blockium to consistently develop company activities, as well as the platform’s token economy, with an optimized product that acts as a gaming competition resource to anyone the trading world. Tokenization is key, as it will create b2b opportunities for us in the future, while meeting the needs of our crypto community immediately.’
Approximately 650,000,000 BOK tokens will be sold at an IEO volume of 8%. The issue price will be offered at USD $0.023, as Blockium pursues a hard cap of USD $1.2 million.