Barely a month after it launched its operations in Kenya, Belfrics Global is taking another bold step in the right direction. The company will be launching the Belrium ICO (Initial Coin Offering) which will allow anyone to become an early investor in the new blockchain.
An Initial Coin Offering is similar to an IPO where a company moves to raise funds by selling a stake in the technology to early crypto-currency investors. In this case, investing in an ICO gets you an asset, a coin or token, as opposed to a stock for IPOs. With Bitcoin soaring to new heights in the last couple of months, it is just a matter of time before cryptocurrencies, and the technologies that enable these digital currencies to flourish, become the norm when it comes to money transactions online.
What You Get Out of the Belrium ICO
Belfrics launched its Bitcoin Exchange in July 2017 at an event held at the Villa Rosa Kempinski, Nairobi, Kenya, becoming one of the largest cryptocurrency exchanges in the region. The launch also signaled the rising adoption and confidence in cryptocurrencies in the region.
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The Belrium ICO is set to kick off on 8th September 2017 and will be available till 8th October 2017. When you purchase the Belrium Token, you automatically get voting and access rights on the blockchain.
The first price of the token will be 0.0005 BTC. There is no minimum or maximum investment goals. Only Etherium and Bitcoin (BTC) are accepted as the purchase currencies.
Belrium is the first Know Your Customer (KYC)-compliant blockchain, developed by Belfrics, that seeks to provide transparency in the cyrptocurrency ecosystem. This provides relief from the risk of theft and hacking while offering instant transaction processing. Belrium blockchain security features are also well documented.
As of May 2017, investments in ICOs is now above $380M. As a result, we have seen Bitcoin entire market capitalization in cryptocurrencies drop from 80 percent to less than 50 percent in one year. This is despite its steady and meteoric rise in price.
Being an early investor in an ICO is a great way of jumping onto the bandwagon in the next phase of innovation and technology which is cryptocurrencies.
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