CoinLinked To Raise $5 Million In A Regulated Security Token Offering
- Crypto News Point
- Oct 10, 2020
- 2 min read
CoinLinked, the blockchain-based social network and commerce platform, plans to raise $5 million in a regulated security token offering (STO), as the company will allow accredited US investors (Reg D) and qualified non-US investors (Reg S) to participate in the Series A funding round.
It has been reported that the platform seeks to promote crypto as a means of payment globally. It enables anyone to buy anything available on the Internet with cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and the stablecoin USDC.
However, the social networking aspect allows members to earn a cryptocurrency called CoinLinked Coin for sharing and commenting on posts to grow the network.
Crypto-powered social media and payments platform CoinLinked is hoping to raise $5 million in a regulated U.S. offering https://t.co/LLBHU38gsm — Cointelegraph (@Cointelegraph) October 8, 2020
Jenny Q. Ta, the CEO of CoinLinked, likened it to a hybrid decentralized/centralized amalgamation of Twitter, Instagram, and Amazon.
She said:
“The current offering will provide discerning investors with a highly selective opportunity to play a key role in taking our fully functional social marketing platform and proven crypto-commerce concept to the next level of AI innovation.”
The round will sell up to 200 units, each consisting of 12,500 CoinLinked Security tokens, at $25,000 per unit, equating to a price of $2 per token. Investors will be able to invest through USD, BTC, ETH, USDC, and XTZ.
This was the most comprehensive, well-thought out interview I’ve ever had the privilege of participating in. Extremely humbled & grateful for the incredible honor, @andrewfenton of @CointelegraphZN. Thank you, again, @JonRiceCrypto for the opportunity. 🙏 #WallSt #crypto #bitcoin https://t.co/RBEj31ns8E pic.twitter.com/GfelW6fDDX — Jenny Q Ta 🐶₿⛓ (@JQT_CoinLinked) August 5, 2020
In addition, Ta said that when the regulatory environment permitted it, she hoped to one day also link the security token’s distribution to participation in the social network and payment platform.
She further stated:
“So our two tokens are still independent of each other. But will there soon be a bridge between the two? I believe so. I know it’s coming. And personally why do I want both of my tokens to be connected? It’s because we’ve all been social media users for the last 15-20 years and we’ve earned nothing.”
Thus, Ta concluded:
“We’ve seen the founders of these companies are super wealthy but as users we were the ones who helped them get there. There’s me and the shareholders and then the users and so I want to make sure everybody shares a piece of the pie.”
Source: Cointelegraph
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