CoinLaunch announced on Thursday the launch of its end-to-end Initial Coin Offering (ICO) platform, which allows anyone to build, deploy and monetize compliant ICOs through an easy-to-use web-based service. According to CoinLaunch, the new platform focuses on three groups of cryptocurrency users, ICO creators, funders, and promoters.
It was revealed that the platform facilitates the payment of referrals using a CoinLaunch Token (CLT), which then can be used to purchase ICOs offered on the platform or redeemed for other cryptocurrencies. CoinLaunch also reported that thousands of users from more than 60 countries currently registered for its beta program and the platform includes an integrated compliance system that allows for any vetted ICOs to comply with various local regulations, including KYC and AML. William Mougayar, CoinLaunch advisor, stated:
“CoinLaunch could be a game changer in the ICO space. As an easily accessible
platform for the generation and management of ICOs, it can help enable a broader adoption of token-based products via creative and compliant funding.”
Reuven Cohen, co-founder of CoinLaunch, then added:
“ICOs are changing the funding landscape by unlocking new forms of liquidity and value creation through the use of cryptocurrency. We believe that traditional forms of value creation such as equity-centric funding and fiat-based currencies will not be the primary mechanism of future economic growth. ICOs offer an attractive alternative to venture capitalists and a more secure and liquid option for crowd-centric funding. One of the advantages of CoinLaunch is that because it uses cryptocurrency, there are no transaction fees. A campaign backer just needs to send Ether to the ICO contract address. We track and manage the rest.”
CoinLaunch currently has four ICO that are available on its platform.