Paymium to launch crowdsale to fund Blockchain.io platform
Paymium, the bitcoin-euro exchange, announced it was launching on Thursday an initial coin offering (ICO) through a crowdsale for a new European cryptocurrency exchange called Blockchain.io.
Investors in the $23m crowdsale of Blockchain.io’s BCIO token will get a 25% bonus on the first day of the sale (27 September), then during the first week (starting 28 September) the bonus decreases to 15%, then to 10% during the second week, and 5% in the third week.
The crowdsale ends on 25 October and Blockchain.io hopes to be fully functional by November with three prime features:
- a live trading platform
- listing handpicked tokens including bitcoin, ether, ripple and litecoin
- liquidity services for third-party ICOs
Blockchain.io said it aims to become Europe’s most reliable marketplace for crypto assets – trading securely among institutional and individual investors.
The BCIO token will be Blockchain.io’s native currency and will grant users special discounts on the platform, as well as free transfers between Blockchain.io and Paymium.
The France-based company said the platform would address the needs of both newcomers and experienced cryptocurrency traders, both in terms of liquidity and security. It already has strong ties with French regulatory authorities and has met European banking standards on know-your-customer and anti-money laundering regulations.
“The platform uses the most advanced cryptographic protocols so as to provide the best of centralised trading with decentralised, non-custodial settlement,” the company said.
“Investors wishing to exchange the largest volumes quickly will enjoy the centralised protocols while traders eager to eliminate all third parties will use the ‘trustless’ cross-chain atomic swaps.”
US crypto firm Blockchain, on Wednesday filed a complaint to the US Federal Court against Blockchain.io for using its name and promoting misleading information to its users.
Blockchain.io countered that it had registered the portal in April 2012.