Coinseed Launches its SEC Filed Crowdfunding Campaign, Invites People to Join
As Coinseed – a platform for cash back rewards and spare-change investment in cryptocurrency – gears up to scale its business, it has announced the launching of its SEC filed crowdfunding campaign, inviting anyone interested to join.
According to the SEC filing, Coinseed expects to offer Crowd Note security, with a target of 25,000 securities, each valued at $1. The deadline to reach the target of $25,000 (minimum) is set to February 28, 2019.
The filling stated that:
“The Company intends to raise at least $25,000.00 (the “Minimum Amount”) and up to $107,000.00 from Purchasers in the offering of Securities described in this Form C (this “Offering”). The minimum amount of Securities that can be purchased is $100.00 per Investor (which may be waived by the Company, in its sole and absolute discretion).”
Simplifying Cryptocurrency Investment
Coinseed is looking to solve problems that have been affecting many people looking to invest in cryptocurrencies. It allows users to link their debit or credit card to an app, and when they make a purchase using the cards, any spare change goes into their investment portfolio consisting of up to 13 different cryptos.
The platform also allows users to earn free cryptocurrency by simply shopping offline or online using their linked cards. Simply put, it gives users cash-back rewards in cryptocurrency form, a feature the company refers to as Crypto Back.
The aim of Coinseed is to make it easy for people to enter the crypto world and allow them to learn as they earn cryptocurrencies.
Available only to U.S. users, Coinseed offers number of trading features, where users are allowed to practice and hone their trading skills or participate in weekly trading tournaments, whereby the winner bags $250.