Binary.com launches ICO – initial coin offering

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Binary.com launches ICO – initial coin offering

Binary.com is a well known innovator in the field of binary options trading. Group Binary Group Ltd. acquired 100% of Binary Ltd. with the intention of implementing the ICO in August 2020. Now, therefore, Binary.com launched offering of initial coin offering. Now, everyone has access to investments in trading binary options and ICO on the leading platform. Well, let’s take a detailed look at what exactly is available in view here.

WHAT IS ICO AND HOW DOES IT WORK?

ICO or how it literally means – Initial Coin Offering is a primary supply of funds. It is a method of accumulation of funds, which is very similar to an initial public offering of stock or IPO. The difference between these methods is that when ICO instead of shares other instruments are used.

ICO offered by the company Binary.com includes a number of special features. The company is a profitable without any debts since its foundation in 1999, which conducted to initiation of ICO as an alternative to IPO. IPO is rather expensive and long process in which transformational ideas can not even reach the limits of the financial market, when the ICO can even remove them. That is why Binary.com initiated the production of tokens assured by securities. It meets the requirements by being a progressive practice of corporate management, encourages transparency of the processes and searches for new investors.

The algorithm of ICO is very simple and consists of the following steps:

The acquisition of tokens (which, in this case, is offered for ICO by Binary.com). Obtaining of the exclusive rights from purchased tokens. Receiving of the payments (equivalent to dividends) and/or converting the tokens into ordinary shares.

Tokens will be available for purchasing on the auction, right up to 25 December 2020, only for company’s customers owning a real accounts. It is possible on the Binary.com web site or by following the link placed below.

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Binary.com achieved agreement for placement of tokens on Lykke, which is a cryptocurrency exchange. Company Lykke is a Swiss financial technology firm, which has managed to create an excellent world class trading platform based on the block-chain. This platform is designed for tokens associated with securities.

In the conditions of the auction, the amount of proposed tokens is about 10 million USD. The chance of success is proportionally equal to the height of the bet. But, regardless of this, every owner whose bid won, would pay the same final price of the auction — equal to the price of the minimum bet, which won.

The minimum bet size for the token ia equal to 1.35 USD or equivalent in other currencies / cryptocurrencies.

BENEFITS FROM TOKENS INVESTMENT:

» The owner of the tokens will be receiving payments equivalent to the dividends. In other words, payments will be based as a dividends payments held by the companies on the ordinary shares.

» Possibility of converting tokens into ordinary shares, which forms the direct connection between them.

» Tokens may be free to sell, in contrast to ordinary shares, since the last are not listed on the stock exchange. As a result, investments in tokens are more favorable than in ordinary shares.

However, despite all the benefits, the tokens possess a high level of risk, as many other financial instruments.

ANYONE WHO WANTS TO INVEST IN TOKENS AND BECOME PART OF THE ICO MUST OPEN A REAL ACCOUNT. SIGN UP FOR FREE AND START EARNING ON THE ICO ALONG WITH BINARY.COM BY FOLLOWING LINK BELOW.

“General Risk Warning: ICO carry a high level of risk and can result in the loss of all your funds.”

Press release – Binary.com announces Initial Coin Offering (ICO)

Jean-Yves Sireau

Jean-Yves Sireau is founder of Binary.com

More posts by Jean-Yves Sireau.

Jean-Yves Sireau

Binary options pioneer is offering digital tokens that grant dividend-linked payments through its “IPO on the blockchain”

28 September, 2020: Binary.com, the pioneer in online binary options trading, today announced it will be performing an Initial Coin Offering (ICO) that gives potential investors an opportunity to invest in the company’s future. Binary.com is offering up to 10 million digital tokens through its ICO –– all of which will be available through an open auction on its website.

By purchasing the tokens, investors are granted exclusive token holder rights. These rights entitle them to receive payments equivalent to shareholder dividends, as well as convert tokens into ordinary shares.

“The next step for a company of our size is naturally to go public by means of an Initial Public Offering (IPO). However, an IPO in itself is a cumbersome process that’s remained relatively unchanged for decades. Some would say it’s ripe for disruption,” says Binary.com Founder & CEO, Jean-Yves Sireau.

“By opting for the ICO route –– a kind of ‘IPO on the blockchain’ –– we can go beyond the limitations of a traditional IPO. We get a wider reach of potential investors, lower costs of trading and an immutable audit trail of transactions on the blockchain. Through the ICO, we can also establish our trading services among the cryptocurrency community, which is a prime target demographic for our platform,” adds Sireau.

Binary.com’s ICO, or token sale, will be conducted through an electronic Dutch auction process on its website where the price of each token is determined through a bidding process. The ICO is expected to launch in Q4.

In preparation of its ICO, Binary.com enhanced its existing cashier system to support cryptocurrency denominated accounts that allow its clients to deposit, trade and withdraw funds in Bitcoin, Litecoin, and soon Bitcoin Cash and Ethereum. This means that potential investors can also bid on the tokens using these cryptocurrencies.

Binary.com has also reached an agreement to list its tokens post-ICO on the Lykke.com Exchange –– a global cryptocurrency marketplace where various financial instruments can be traded and exchanged against each other, whatever their asset class or transaction size.

The Binary.com ICO is only available to residents of selected countries. In some countries, prospective investors are required to verify their status as qualified or professional investors. The ICO is not available to U.S. investors. To learn more, visit https://ico.binary.com.

About Binary.com
Binary.com (formerly BetOnMarkets.com) is the pioneer in online binary options trading. It was launched in 2000 to make binary options easily available to retail investors worldwide. Before the emergence of Binary.com, binary options were typically traded in large quantities by large financial institutions and hedge fund firms.

In 2020, Binary.com branched into Forex and CFD trading through the adoption of the MetaTrader 5 (MT5) multi-asset trading platform. In the first half of 2020, Binary.com introduced several digital currencies to the list of tradable instruments on MT5.

For more information, please visit: https://ico.binary.com

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Press release – Binary.com launches world’s first ICO with 18 years of history

Jean-Yves Sireau

Jean-Yves Sireau is founder of Binary.com

More posts by Jean-Yves Sireau.

Jean-Yves Sireau

15 November, 2020: Binary.com, the pioneer of online binary options trading has launched its highly-anticipated Initial Coin Offering (ICO) to give potential investors an opportunity to invest in a best-of-breed type of ICO. The ICO will run from 15 November to 25 December 2020.

The company is calling it an “IPO on the blockchain” as the ICO is meant to be a genuine substitute for a traditional IPO. To that end, they are issuing securities-backed smart tokens while implementing best practices in corporate governance, investor disclosure, and transparency.

“The next step for our company is naturally to go public via an IPO. However, an IPO is a cumbersome process that’s remained relatively unchanged for decades. It is ripe for disruption. By opting for the ICO route, we can go beyond the limitations of a traditional IPO. We get a wider reach of potential investors, lower costs of trading and an immutable audit trail of transactions on the blockchain. Through our ICO, we will also establish our trading services among the global cryptocurrency community,” says Binary.com Founder & CEO, Jean-Yves Sireau.

“We also believe that traditional stock exchanges will gradually be replaced by blockchain exchanges in the coming decade. This ICO will give us an opportunity to establish ourselves at the forefront of blockchain innovation,” adds Sireau.

Binary.com is issuing up to 10 million smart tokens based on the ERC20 protocol. Investors can purchase the tokens through an electronic Dutch auction process on the Binary.com website to receive unique “tokenholder” rights. These rights entitle them to receive payments equivalent to shareholder dividends, as well as to convert tokens into Ordinary Shares.

Furthermore, the tokens will be listed on the Lykke.com cryptoasset exchange after the ICO is over. This means that the tokens can be bought and sold just like shares on a stock exchange, enabling them to potentially rise in value.

The company plans to use the funds raised from its ICO to pursue several high-growth initiatives that can help them generate significant shareholder returns.

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