ICOFY Successfully Completes $5M Private Fund Raise for AI and Blockchain Project

ICOFY, the creator of the Initial Dapp Offering platform which will bring at one place investors, blockchain startups and traders, has successfully completed its private funding for its AI and blockchain project. ICOFY is pleased to announce that the private funding round has raised $5 million.

With the completion of private funding, ICOFY is set to introduce yet another and the first ever Initial OTC Offering on the Ethfinex Trustless decentralized OTC platform scheduled for Thursday July 4th, 2019. 

Observers in the crypto market have noted that the over-the-counter (OTC) market has shown good growth in the first half of this year. The trading volume is considered to be up to $30 billion per day in trade. A similar observation has been made by Bloomberg related to a remarkable boost in institutional investors in the OTC market. 

How it works:

  • Tokens will be locked into the Ethfinex OTC contract and a unique URL will be generated
  • A limited number of this URL will be shared with participants
  • Once a participant accepts a trade on a URL, the order will get settled and the participant will receive the ICOFY tokens

ICOFY will be the first to debut the initial OTC Offering (IOO) as a way of saying ‘hello world’ to the crypto community. Trading will begin on major exchanges from July 9th, 2019.

The two major initiatives are the ICOFY Dapp and ICOFY Search. The data driven search for investors uses the SatoshiMars artificial intelligence algorithm. As an innovative platform, ICOFY offers multi-chain decentralized app and AI based tools. The platform was conceived noticing the hurdles that blockchain startups and investors face, with the former missing out on their audience, and the investors often being unlucky to join promising token sale.

ICOFY has also introduced the Initial Dapp Offering (IDO) concept. The IDO is inspired by the concept of voting mechanisms implemented by major exchange like Binance, and the idea of a token sale offer that relies on community votes. ICOFY has created the first ever STO/ICO voting app for accelerating the entry of new offerings and launches. 

For investors, there is no denying the role of data in making informed decisions. For this reason, ICOFY has launched the SatoshiMars AI-based algorithm. SatoshiMars works by accounting for several factors, including exchange price trends and historical charts. The AI engine also performs sentiment analysis, and its neural network short term memory can handle time series and get better over time with deep learning. 

For more information, please visit: https://icofy.io   

Media Contact

Twitter: twitter.com/icofy_io

Telegram: t.me/icofy

Email: hello@icofy.io 

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Last modified (UTC): June 28, 2019 4:30 AM

About the author

Avatar
Press Release