CoinList Token Launch Program Announces First Coin Sale of the Year, Ocean Protocol

CoinList, a token launch platform, has decided to offer its first token sale of 2019. The company has announced that the tokens of the Ocean Protocol company, a decentralized data-sharing protocol, would start to be sold on the platform soon. The idea is to raise at least $8 million USD with tokens that cost 25 cents each.

The sale will be only open to accredited investors from the United States and for international buyers, so you if you not accredited and you live in the U. S., too bad. The sale starts on March 1. This will be the first token sale made by CoinList since July 2018 when he Origin Protocol had its sale, as the platform was quiet for about half a year.

CoinList is a spin-off of AngelList. The company claims that its offers are fully compliant with the U. S. Securities and Exchange Commission (SEC). According to CoinList, regulatory issues are one of the main reasons why Initial Coin Offerings (ICOs) have slowed down so much.

Andy Bromberg, the co-founder of CoinList, has talked to the crypto media and affirmed that some sales were done last year but that it was much more difficult to find clients for sales at the second half of 2018 as many investors were scared to lose their money and about the regulation. So far, the company claims that 50 teams have used the platform and that they raised $450 million USD.

One of the main issues that teams face when making ICOs is regulation. CoinList is an enthusiastic company about regulation, though, affirming that the company does it best to be always compliant with the SEC and that its business will help to kickstart a new economy.

CoinList currently expects that its market will grow a lot during 2019 and that the ICO market will rise again. As soon as the rumors that the market was dead stops, they believe that business will go back to grow.

About The Ocean Protocol

The Ocean Protocol’s goal is to democratize access to artificial intelligence being used to analyze data at the same time that the company works to make it more powerful. The token of the company will help it to “unlock the value of data” and to expand its business with the financing.

Bruce Pon, the founder of the company, is based in Singapore and has raised 16 million EUR before the ICO, which means that this is not a company that has no funding at all. The ICO will only be a part of the funds that will move the company’s future.

The token was not released before this data mostly because of the securities regulation of the U. S., which got in the way. It will be a utility token, the company affirms, but the SEC may disagree on that, so they are prepared.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and EOS Price Analysis Watch (Feb 21st)

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase and Circle Consortium's USDC Stablecoin is Now Integrated on Solana Blockchain

The Center announced today Solana blockchain as an official Chain for its USDC stablecoin. As an expansion of the “fully-reserved and regulated digital dollar stablecoin,”...

Ethereum Classic & IOHK Team Up to Find Solutions to Prevent 51% Attacks On The Blockchain

The Ethereum Classic Cooperative development team partners with Input Output Hong Kong (IOHK) to counter the numerous 51% attacks on the Ethereum Classic...

OKEx Exchange Resumes P2P Fiat Trading for Chinese Yuan, Indian Rupee, & Vietnamese Dong

Cryptocurrency exchange OKEx announced on Wednesday that it is resuming peer-to-peer (P2P) trading for CNY, INR, and VND fiat pairs from today at 12:00...

SEC Proposes $5 Million Settlement in Kik’s $100 Million Initial Coin Offering (ICO) for KIN

Kik Interactive, the embattled Canadian messaging startup, seems to have finally reached a settlement deal with the SEC regarding its illegal ICO back in...

First UK Public Listed Company, Mode Global Holdings, Converts 10% of Cash Reserves into Bitcoin

What started with public listed company MicroStrategy has now become a movement as more and more companies continue to join the ranks. This month, after...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today