Worldcore, European regulated financial institution, originally operating as non-blockchain, is about to launch its own Initial Coin Offering (ICO) as the next step in company’s strategic development plan.
Since the moment of its foundation, Worldcore has already given a good account of itself on world financial market by taking active part in many EU Fintech events and sponsorships. In 2016 it won the prestigious Banking Award “Best Fintech Newcomer” by Business News Europe and started close collaboration with BitPay. Now Worldcore is widely recognized for its cryptocurrency withdrawal solutions, used by an imposing number of customers from across the globe.
Worldcore continues to grow as a progressive fintech company and now is planning to take the next step in its development by launching ICO. The official start of Worldcore ICO is set on October 14, 2017. Investors will have an opportunity to buy the platform‘s native tokens for the price of USD 0.10 per unit. The tokens will be presented in total amount of 1 billion, all backed by Smart Contract, guaranteeing annual revenue share from a successful rapidly growing fintech enterprise to the stakeholders.
Worldcore is trying to think ahead by offering its customers both payments and consumer spending options, such as a prepaid debit card. Bitcoin has already made its way into Worldcore funding options, which is only the tip of an iceberg willing to see major inroads into Blockchain over a period of several years. Ultimately, a Ripple-scale payment gateway is planned. The change will come in tandem with innovative biometric login process instead of traditional passwords.
The company intends to up-end the sphere of financial technologies by becoming a challenging digital enterprise, integrating blockchain products to its established portfolio. The range of products is expected to include: a regulated blockchain-powered P2P lending platform; a blockchain-based cash transfer payment platform facilitating conversion of cryptocurrencies into cash and vice-versa; Worldcore TV and transformation into a Swiss bank with further IPO on London Stock Exchange.
Alexey Nasonov, Worldcore’s CEO, explained the company’s future plans in the following way: “We became the №1 company in the Czech Republic, and I am sure that in the next two years we will enter the top 20 in Europe. Worldcore’s ICO is a history in the making. By buying WRC tokens, you will make history and earn with us as well.”
He also added: “Investors can see the appeal and real value of operating a business with fully-developed software and a technical infrastructure in full compliance with regulatory requirements,” which only confirms his total confidence in the company’s successful future.
The Worldcore ICO, starting on October 14, 2017, aims to raise up to $100 million for the development and promotion of the digital bank’s blockchain platform. The presale phase officially begins on October 2, 2017 with a minimum purchase of 500,000 tokens. The currencies allowed for purchasing tokens are Euros, US Dollars and cryptocurrencies.
However, not all the financial institutions are ready to allow ICO’s. As, for instance, the People’s Bank of China showed its negative reaction to such fundraising-related activities by banning ICO’s, declaring them illegal.