Neluns ICO Gets $1.5 Million From The Manhattan Blockchain Fund For NLS Token
It has been recently noticed that the Manhattan Blockchain Fund has shown interest and have invested in Neluns Company which is an innovative financial ecosystem.
The Manhattan Blockchain Fund
The Manhattan Blockchain is generally known for its equity research team and investments in many of the Company’s successful projects.
About Neluns Company
Neluns is a new financial ecosystem which functions as an innovative technology and giving permission to operate with cryptocurrency and fiat. The motto of the company is to provide a favorable environment for the growth of cryptocurrency market. The company is divided into 3 parts: first is a Bank, second is an Insurance Company, and third is a Cryptocurrency Exchange. All the 3 elements support both fiat and cryptocurrency. It helps its user to provide lower risks and giving them a favorable environment.
The Manhattan Blockchain Fund Analysts Prefers Neluns
In their official website, The Manhattan Blockchain Fund have written about the Neluns that they are targeting them as the equity research analysts see the potential in the Neluns and recommend in investing. So they have made their investment accordingly.
In the initial phase of the investments which happened in June 2018, The Manhattan Blockchain Fund have made the investment contribution of $1.5 million in the Neluns Company thus becoming their investor.
ICO Announcement By Neluns
In recent days it has been announced by the Neluns Company about the ICO (Initial Coin Offering). This has to be 3 stages or rounds and those are:
- Main ICO
The whole effort and initiative have been taken by the analyst of the Manhattan Blockchain Fund who at all times were observing and found out the potential in the upcoming ICO for which they were working for so long. They have given their approvals for investment in the Neluns right after the completion of the project.
Neluns Aims To Help The Banking Services
The main objective of the Neluns Company is to aim the financial ecosystem. It aims to combine a Bank, a cryptocurrency Exchange and an Insurance Company all in a single platform. Neluns is providing an overall solution to the public for personal and corporate goals.
The function of the Neluns is carrying out payments, purchasing, selling of cryptocurrencies and fund withdrawals from any ATM. It has its own mobile application which is supported by both Android version and iOS version. Their uses will be that they can make the banking and exchanges operations very easy and can be accessed from any part of the world.
About The Initial Coin Offering
The tokens which are created by the Neluns follows ERC20 standard used for security. They will be providing the holders with approximately 50% dividends and it will be depending on the Neluns ecosystem which includes Neluns Bank, Neluns Exchange, Neluns Insurance profits. All the dividends will be reached out in quarters to the holders in accordance with the number of tokens the user hold compared to the total.
When ICO will be in the process then around 200000000 Neluns token is to be released. The base price of 1 NLS token = 1 USD