The much anticipated Volum IEO being hosted on LAToken was launched on Friday, 17th of May 2019. The exercise gives a rare opportunity to the platform’s community to purchase VLM tokens that represent the innovative blockchain-based holding company, a first in the industry.
A New Way of Fundraising
Initial Exchange Offering (IEO) is fast becoming a popular and reliable method of fundraising by projects, especially within the cryptocurrency ecosystem. This fundraising approach enables a more secure and safer crowdfunding process when compared to the ICO structure of the recent past.
IEOs are usually carried out on established exchanges, and in this case, the Volum IEO is launched and carried out on LAToken.
LAToken is one of the fastest growing exchanges with over 300,000 registered users that are responsible for a daily trading volume of more than $300m. Running an IEO on the exchange to an extent approves at least the initial stages of the product, guaranteeing subsequent listing.
Investors Are More Confident
This automatically eliminates the uncertainties associated with the previous ICO structure where project propagators were totally independent. Investors are understanding the minimized risks and therefore embracing the process, especially with proven projects like Volum that already has a functional portfolio.
Among Volum’s existing portfolio includes:
- SOFTWARE DEVELOPERS ASSOCIATES, INC (AIRTAB)
- INTERNATIONAL SPIRITS & BEVERAGE GROUP (“ISBG”)
- ENERGY RESCUE SYSTEMS CORP. (“ERS”)
- ASSETS CREDIT MANAGEMENT & EQUITY FINANCIAL, INC (“ACME FINANCIAL”)
- GRIDPOWER NETWORK CORP.
The project is expected to include even more companies with proven viability, using blockchain technology to rapidly scale each and every one of them on an international level.
Investors are already taking advantage of the ongoing IEO on LAToken to strategically position themselves for the eventual growth of the platform and project in general.
The IEO is targeted at raising a total of $74,600,000, while the number of VLM tokens to be distributed is 236,800,000.
Disclosure: This is a sponsored press release