Posted in: Press Releases
Published:
December 23, 2019 8:10 AM UTC

Wolfs Group OÜ Announces Launch of IEO on Coinsbit

Wolfs Group OÜ, a European consulting company that specializes in various strategic industries investing, announces the launch of its IEO. The first two rounds of tokens initial placement will be held on Coinsbit exchange on January 11-17, 2020. About Wolfs Group OÜ Wolfs Group OÜ…

Wolfs Group OÜ, a European consulting company that specializes in various strategic industries investing, announces the launch of its IEO. The first two rounds of tokens initial placement will be held on Coinsbit exchange on January 11-17, 2020.

About Wolfs Group OÜ

Wolfs Group OÜ is not a startup, but a well-established group of companies listed on the stock market and licensed by local regulators. Unlike other blockchain projects, Wolfs Group has long been active in the market, using a mixed investment model — the company specializes in both private and venture capital.

Wolfs Group is located in Estonia, which is strategically important for it — the company plans to expand to foreign markets far beyond the EU. The location in Estonia guarantees investors legal transparency, financial security, and access to the global investment market. Estonia does not limit cryptocurrency investments in any way, which, coupled with friendly legislation, a favorable business tax policy and low operating costs, makes the country an ideal place for conducting cryptocurrency transactions of any scale.

The purpose of Wolfs Group IEO, and what the WLF token is needed for

Wolfs Group OÜ’s investment portfolio includes many companies that have long gone out of the phase of MVP creating and startup status, i.e. fully working in the market. The three main areas of Wolfs Group’s business are real estate (this one is run by Wolfs Development), new technologies (Wolfs FPE) and fintech (Ferpay Ltd.).

Ultimately, the capital raised in the first stage of IEO will contribute to the growth of Ferpay Ltd., which main products are the crypto exchange, mobile app and money transfer service.  Ferpay Ltd. already has its own product and is the owner of an international FCA license for worldwide payments processing.

WLF tokens of the ERC-20 standard act as a means of investing in the company — its products and services. WLF provides its holders with access to the company’s services and gives them the right to receive part of Wolfs Group income, in accordance with the invested funds. As an intangible product, tokens are subject to price fluctuations like any other cryptocurrency. Initially, tokens can be purchased at Coinsbit, where IEO will be held, however, over time, tokens can migrate to some other exchanges listings.

Wolfs Group IEO will be held in 5 stages. Details about each of them can be found in project`s White Paper. The 1st stage will be held on January 11, the planned softcap is $ 2 million, and the hardcap is $ 10 million. The 2nd round will be held on January 17th with the same soft and hardcap parameters. The cost of the token at both stages will be $ 0.25, 20 million tokens are allocated for each round. The minimum purchase amount is $ 10 = 40 WLF. In total, 150 million tokens will be issued.

About Coinsbit

Coinsbit, where Wolfs Group’s initial tokens offering will take place, is one of the world’s largest crypto exchanges — the exchange is in 3rd place in terms of trading volumes according to Coinmarcetcap. Created in 2018, Coinsbit took into account all the positive and negative experiences of its predecessors, and then managed to introduce a truly innovative product to the world community. The exchange`s throughput is 10k transactions per second, users are supported in 12 languages ​​24/7.

Coinsbit service has been integrated with 200k POS-terminals in Korea, Vietnam, China and India. During the active referral program, 1.2 million people have registered on Coinsbit, many of whom are from Vietnam.

Coinsbit is one of the most reliable crypto space exchanges, where 95% of user funds are stored in cold wallets. On December 4th, 2019, the exchange reported that it had successfully passed an independent examination made by European specialized agency, as a result of which Coinsbit was assigned a high level of security.

In November 2019, Coinsbit experienced major personnel changes. One of the project  founders Nikolay Udyansky resigned from the exchange`s management team. He sold his stake in the ITECOSYSTEM OU business, and left Coinsbit.

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Last modified: January 22, 2020 11:40 PM UTC

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