Cryptocurrency Payroll Service Bitwage Launches ICO Advisory Firm
Bitwage has been continuously developing and innovating to keep pace with the dynamics of cryptocurrency market. The company acknowledged initial coin offerings (“ICOs”) as a fastest growing and significant event in the cryptocurrency space. ICOs had secured over 5 billion USD for startups and businesses globally in the year 2017. Bitwage aspires to help companies to launch initial coin offerings (ICOs).
The company announced today about the launch of ICO advisory firm Inwage. ICOs offer a new window to businesses to raise capital from a full gamut of individuals and corporations across the globe. Initial Coin Offering is widely perceived as a risky proposition. A flurry of fake ICOs has compounded problems for investors globally. Bitwage, founded in 2014, has capitalized on its expertise in the blockchain technology to design a robust and secure turnkey model for enterprises to launch ICOs.
Inwage has collaborated with GS Mining Company, LLC and Ethmint LLC to start the Moria Token. Moria is the world’s first decentralized investment platform for precious metal extraction. Moria initially hoped to raise $30 million through an initial coin offering. To accomplish this purpose, they believed the technical expertise and blockchain experience of InWage. – Inwage offered advisory guidance on the ICO and also supported with platform development, technical assistance, and security compliance. The collaboration was hugely productive, as the ICO gathered $50 million. Inwage helped in overachieving the ICO target by over 40 percent.
Jonathan Chester, President of Bitwage & Inwage said,”The world of cryptocurrency is ever changing. While we strongly believe that Bitcoin is the greatest store of value ever seen, we also recognize the value of new forms of digitized assets. With our new ICO and Ethereum solutions, we are excited to help move this part of the industry forward.”
Companies working with Bitwage can now finance their payrolls with both Ether and Bitcoin. It gives the employees a choice to decide to whatever percentage they want to draw in local and cryptocurrency. Successful ICO firms such as Aragon and Status have started using the services offered by Bitwage.
Image via Bitwage Facebook Page
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