Cobinhood and Zeux collaborate to advise and launch ICOs
Cobinhood, a renowned digital asset based service platform ties up with financial solution provider, Zeux to support and launch token sale. On Tuesday, the new partnership between these two parties was announced. The smart contract on which Zeux tokens [ZUC] function will make sure that once the token sale is over, the unsold ones would be ‘‘burned” so that the funds of the contributors remain undiluted. The support services of Cobinhood’s ICO include legal compliance, business model consultation, review of smart contract code and deployment methods.
The hard cap distribution is fixed at 50,000 ETH during the phase and the funds generated from the ICO event will be channelised towards the progress of the project. Currently, financial services play a significant role in our daily life and business activities. Zeux envisions to bring transformation to these existing services by simplifying the complex procedure of financial management to an affordable, customer-friendly one that can be accessed by all.
The statements of the two parties
The association can assist Zeux to ”deliver a revolutionary regulated solution making transactions fast, convenient, secure and reliable,” said the CEO of Zeux Frank Zhou. A similar tone is echoed by Popo Chen, the co-founder of Cobinhood when he said, ”Zeux is bringing much-needed blockchain technology to the cryptocurrency space, as financial services across the globe are hustling to keep up with rapidly growing cryptocurrency demand.” Chen has provided an estimation stating, ”In 2017 alone, ICOs raised over $7 billion, and 2018 YTD has followed pace at over $12 billion.”
On the zero fee service platform, the Cobinhood backed ICO tokens can be traded after the ICO event which helps to keep a check on low liquidity. However, the private sale of Zeux token has begun, which anticipates the launch of usable prepaid cards with the tokens they are partnering with, in the third quarter of 2018.
The financial portfolios can be seamlessly managed on the Zeux platform. In this venture, the transactions will be conducted under highly secured condition that leverages an advanced cyber system security code. Zeux blends blockchain technology with artificial intelligence and biometrics and brings together the two domains of crypto and fiat currency.
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