Place/Date: Singapore - December 5th, 2017 at 7:00 pm UTC · 3 min read
A Singapore based young entrepreneur, Vikas Gupta shared on how he is in the process of launching GINNI ICO and creating a huge multi-million dollar mining infrastructure along with a crypto vending solution to support block chain businesses across Asia, starting off with Singapore.
Vikas Gupta is scheduling an Initial Coin Offer (ICO) of 300 million GINNI tokens. He is raising about US$15 Million for 50% of GINNI tokens. Funds raised will be mainly used to install 2300 mining servers in Singapore which will be able to generate a regular profits .MAW will also install 100 Fast coin ATM machines in many countries namely Thailand, UAE, India besides Singapore. Both of these are expected to generate an average turnover of over 1 billion per annum and profits of over $21Million.
FASTCOIN ATM machines will help crypto buyer and sellers. Currently It is quite tough for buyers to buy or sell crypto coins especially general public who is not so tech savvy. Currently they have to wait for 1-3 days to get funds remitted to online exchanges leading to a substantial price variation. FASTCoin ATM will help them to buy/sell instantly about 40 different type of coins giving users a wide choice and peace of mind. Fastcoin ATM will have very good demand for coins on a daily basis.
Vikas emphasized that FastCoin ATMs will prove to be a great benefit to the MAW and its token holders. We are presently mining coins, but it needs to be sold to materialize rewards and to reap the rewards of the collective efforts,” he shared. FastCoin gives us the opportunity to sell coins to end users without any intermediary, broker or exchanges. It further divides our business risk and enhances our business with value proposition.
MAW’s first prototype is now ready in Singapore and any potential investor can book a tour of the facilities to see the premises live. Pilot testing of ATM is being done in December and will be fully operational in a popular plaza by January 2018.Vikas has plans laid out for FastCoin to be positioned as leading brand in the Crypto coin ATM sector.
‘MAW is launching its GINNI token PRE-ICO starting on the 6th of December, 2017 at a price of 3100 Ginni /Ethereum. Public crowd sale for ICO will start on the 6th of January 2018 starting from 2800 and closing at 2200 Ginni /Eth on 3rd Feb. 2018. It gives a benefit about 40% in Pre ICO and about 27% in ICO making it very attractive proposition.
Vikas also mentioned, “We value our supporters as our lifeline and we have decided to reward them more than us( around 58% for token holders in prorated ratio to be distributed quarterly) from the rewards the business will generate, making it a lifelong asset for them. Our tokens will be listed on 2 exchanges so any crowd funding supporter can trade them easily to get liquidity or exchange them with other tokens.
We see a strong response demand for the GINNI tokens worldwide as we are ICO based on a concrete and profitable business. MAW has done successful road shows in India namely Delhi. Lucknow , Chandigarh , Kurukshetra , Karnal and getting very good response and massive media coverage. MAW will be having more road shows in Singapore on 10 Dec, Bangkok on 12th Rajkot on 26th and in Mumbai on 27 Dec. to have face to face meetings with media and public. More details and white paper about upcoming GINNI ICO.