Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Indian Bizman Set to launch ICO Offer For Asian Businesses

The pre-ICO launch is scheduled for December 6. The launch will be followed by a public crowd-sale from January 5, 2018

An Indian businessman based in Singapore is soon going to launch 300 million Initial Coin Offer tokens. A multi-million dollar mining infrastructure company has extended its support to the investor.

With the number of users growing each passing day, it might not be long before we witness the Government inching towards compliance and further legalizing cryptocurrencies in India

The aim behind the idea of the Initial Coin Offer (ICO) tokens is to raise USD 15 million from next month, as per Vikas Gupta, chief executive officer of Miners at Work (MAW). Miners at Work (MAW) is building virtual crypto-currency infrastructure in Singapore. Gupta says, "We have a strong feedback and interest from Indian and Asian investors."

The pre-ICO launch is scheduled for December 6. The launch will be followed by a public crowd-sale from January 5, 2018. The experts of Miners at Work (MAW) are working on the ICO and infrastructure from the Singapore head office and its back-office in Gujarat.

Gupta added by saying, "The MAW proposal is designed for savvy investors and crypto-currency businesses to profit from virtual currency trade. It will also make mining process user-friendly for new miners of cryptos."

“There is a difference between MAW ICO and other crypto-currencies issues. Proceeds from MAW ICO will be used for installing mining servers, FASTCOIN crypto Auto Teller Machines (ATM) and develop new value-added products” he said. The company will install the first ATM in Singapore in a month.


Tags assigned to this article:
bitcoins cryptocurrency Crypto Currency
sentifi.com

Top themes and market attention on: