Following the announcement about the partnership between Neufund and BitBay established on 2nd of August, a leading European crypto exchange lists today the Neumark (NEU) token. Thanks to BitBay it is finally possible to buy and sell NEU for US dollar, Euro, Polish Zloty and Bitcoin.
Sylwester Suszek, founder of BitBay platform, said:
“As an entrepreneur, I see great potential in Neufund project, as it combines advantages of an IPO, an ICO, and a VC round. We are happy to offer this unique token to our traders and to allow them to buy NEU for fiats.”
Piotr Stroinski, VP of Secondary Markets at Neufund, comments:
“We are excited that our platform token is getting added to BitBay exchange. It is the first time NEU is matched against FIAT pairs.”
Neumarkt is an ERC20 token, with a maximum supply of 1 500 000 000 NEU. Its current price is around $0.5. The highest value so far was reached by NEU in January 2018. At that time Neumarkt was worth over $2.5. At the moment the market cap is valued at more than $13 000 000. The overall value of NEU is a result of two profit dimensions.
First, NEU allows it’s holders to benefit from investing in Equity Token Offering. The ETO is a new way of raising funds. It empowers companies of all kinds to issue equity tokens, which ensure fundamental equity-like rights for the investors and the issuers. After completing an ETO, Neufund Platform calculates a success fee and shares it to the NEU token owners.
Secondly, the NEU token is also strongly related to a Neufund’s project development, and it’s portfolio. By holding Neumarks you become a co-owner of the Platform (and a small amount of every ETO ever conducted), and you can participate in the revenues generated by Neufund.
BitBay and Neufund partnership will make it easier for investors to reach out for security tokens and enable them to exchange their investments directly into fiat currencies.
Patryk Kadlec, VP, Chief of Business Development at BitBay, conclude:
“The goal of our partnership with Neufund is to make equity tokens accessible. By showing them as a part of everyday operations, we want to educate investors about an ETO fundraising model as well as about the capabilities of Blockchain technologies.”
Neufund is a blockchain based equity fundraising platform, an ecosystem of smart contracts operating on the Ethereum blockchain. The Company’s key expertise lies in legal-tech and reg-tech. At its technological core, Neufund is a Blockchain protocol for securities’ tokenization and issuance – it allows for any type of security or financial product to be issued as a token on a Blockchain, and Equity Tokens are just one of many types.
Neufund’s Equity Token Offering (ETO) is a novel way of fundraising, which allows any kind of company (blockchain-based or not) to issue equity tokens on a Blockchain, in a public or private placement. An ETO is a hybrid investment model combining advantages of an IPO, an ICO, and a VC round. Typically it is accompanied by a campaign or a roadshow which informs investors about the offering. Thus, an ETO is an ideal way to build a clients’ ecosystem around the company or a product.
BitBay is the third largest cryptocurrency exchange in Europe. The platform was founded in 2014 in Poland. Its market share in the home country is around 70%. From the very beginning, BitBay has focused on international expansion. Today it has nearly 1 million users worldwide and employs more than 100 people. The exchange lists over 20 cryptocurrencies and allows for fiat deposits and withdrawals in USD, Euro, and Polish Zloty.
The post BitBay Lists Neumark – Neufunds’ Token appeared first on CoinSpeaker.
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Author: Svetlana Soroka
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