AIGO AI powered crypto payments platform launches its IEO
US-based AI-powered payments platform AIGO has commenced its pre-sale token offering on July 10th, according to InWara’s Market Intelligence Platform. A pre-sale is a token offering but only for select investors, the general public can invest in a token offering only when its public sale is live.
AIGO plans on launching an Initial Exchange Offering (IEO) for its public crowdsale with a hardcap target of $3.2 million. Investors in AIGO’s eponymous native token during both stages of the token offering but gets it for 50% cheaper during the pre-sale.
Blockchain and crypto jumpstarts in 2019
2019 has been a remarkable year for Blockchain-based fundraising and the crypto space in general for two reasons -
firstly, the emergence of a new tokenized fundraising model (IEOs) has reinvigorated investor interest in the crypto space.
Curious to know why IEOs are trending? Check out our Initial Exchange Offering report.
In the first half of 2019, Blockchain and crypto startups raised a whopping $3.3 billion through token offerings like IEOs, ICOs, and STOs. Notably, among the three types of token offerings — IEO projects raised the highest amount of funds at a staggering $1.6 billion. What’s surprising is IEOs are a relatively new model, largely popularized by Binance launchpad.
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Unsurprisingly, the funds raised by ICO projects have depreciated by over 91% during H1 2019 to just $1.3 billion. But on a different note, $1.3 billion is still a significant amount for crowdfunding, even though this year’s amount is 1/10th its value from last year.
Secondly, 2019 was also the year that established enterprises started dipping their toes into Blockchain and crypto. For example, Facebook released the whitepaper of its much-awaited crypto project dubbed Libra — stablecoin backed by a slew of low-volatility assets meant to function better than fiat currencies. New-York investment bank JPMorgan released its own digital coin dubbed JPM coin to enable Blockchain-powered instantaneous payment between institutional clients.