We all know that cryptocurrency is the way of the future. Plenty of online businesses and companies accepts and deal in crypto and its popularity is increasing every day. However, the main question that seems to echo with the use of virtual currency is how do you incorporate it into your everyday life? How can you easily, and safely, exchange your cryptocurrency for traditional fiat currency and vice versa? Cointed seems to be the answer.
The platform’s main aim is to be that bridge between the digital and the real world when it comes to easy integration of cryptocurrency. In addition to offering a number of beneficial and innovative ideas for the future expansion of the platform, Cointed already has a range of fully functioning working business models.
Cointed has 100 operational multi-cryptocurrency ATMs in Europe, making them the biggest provider on the continent. In addition, the platform has an exchange with over 15,000 users, and has many green mining farms throughout Europe. Also, Cointed is in the final stages of obtaining their banking license, expanding their offerings even more. The platform also offers payment solutions for online businesses, and traditional stores.
Not only are they currently providing these services, they’re turning a profit too. In 2015, after making $7 million in sales, the made a $120,000 profit. Last year saw them reach $30 million in sales and $600,000 in profits.
Their Pre-ICO phase started on the 20th of October and will conclude on the 19th of November. A total of 130,000,000 CTD tokens will be available. Participants of this phase will receive a 15% bonus until either all of the tokens are sold, or the sale concludes. A total of 1,000 CTD can be bought for 1 ETH, which is the medium of purchase.
In the case of all of the tokens being sold before the end date, the Pre-ICO B phase will begin. Contributors in this phase will receive a 10% bonus until 650,000,000 CTD tokens are sold, which is also the token limit, or until the Pre-ICO end date of the 19th of November.
In addition, the first 1,000 participants in the Pre-ICO phase who contribute a minimum of 20 ETH will receive a free Cointed Limited Card.
The ICO will take place from the 20th of November this year until the 28th of February 2018. All of the funds raised will go towards the global expansion of the platform. A total of 30% will be spent on development, another 30% on manpower, 25% of licensing and partnerships, and the remaining 15% will be spent on marketing.
Since beginning operations in 2014, Cointed has amassed more than €100 million in revenue. Further information about the platform and its ongoing token sale is available on the website.