Malta-based Palladium Launches World’s First ICCO

in #crypto4 years ago

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Malta-based Cryptoconce Fund announced the launch of the world's first initial convertible currency offering (ICCO) with two partners, including Palladium Beatrakes. The ICCO is somewhat different from the IOC, in which investors will later be able to convert tokenized currency into the company's shares. In the case of pallidium, it can be converted after three years of sale.

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This innovative offer will be regulated by a manager, which requires the approval of the Maita Financial Services Authority. Also, this project is subject to stringent European Union regulations and regulations. Plaudium, which wants to build a controlled exchange, is planning to collect $ 150 million by distributing tokens in ISKOX, starting on July 25.

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