Home / Crypto Currency / Centive Technologies Corporation Announces US$35 Million ICO

Centive Technologies Corporation Announces US$35 Million ICO

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Internet and Technology Company chooses ICO route to achieve rapid growth strategy

Singapore: Today, Centive Technologies Corporation, an internet, and technology company that are making moves to “reshape the incentive industry” announces that it will conduct an Initial Coin Offering (ICO) for its blockchain-based incentive network, to the tune of US$35 Million. The ICO will kick-off today, 31st August 2018.

Centive Technologies Corporation had previously announced it successfully closed a private investment round, which is used to invest into technology development and deployment. Now it believes that it is ready to move onto the next step – an Initial Coin Offering (ICO) to raise the full amount it needs to grow its business and gain new users.

“The funds will be mainly used to support our growing technology team and to build powerful and easy to use platforms for businesses and consumers. As you know, blockchain is a competitive industry so we need to be ready to invest to reap the benefits. Our ICO investors might like the idea that Centive’s ecosystem and platforms will be exclusively transacting using Centive tokens”, said Benjamin Ryu, COO of Centive.

While the industry has seen many failed ICOs in 2018 alone, Centive cites its monetization strategy, burn-rate management, and significant experience in venture building will help it avoid pitfalls, turn a profit, continue expanding use cases and improve the usability of its tokens – which it believes as its fiduciary responsibility.

About Centive Technologies Corporation: Centive Technologies Corporation is an internet and technology company with a presence in Singapore, and operations around the world. Founded in 2018, it is helmed by executives formerly from Rocket Internet, Alibaba, and ad giants in Europe. For more information, visit centive.org

PR contact person:

Chong Siong

Centive Technologies Corporation

[email protected]

Read more

Check Also

Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report

Major cryptocurrency exchange Huobi has recently dismissed 60% of its workforce in Brazil, a country it entered a few months ago. While the motive behind the move is currently unclear, competition in the country could be the culprit. According to local news outlet Portal do Bitcoin, Huobi Brazil’s CEO Frank Tao confirmed over the phone The post Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report appeared first on CCN

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.