March 31st, 2018 at 6:57 pm UTC · 3 min read
Islamic blockchain finance startup Hada DBank successfully ended its Pre-ICO exercise last 15th March 2018, after a vote from its community for an additional two-week extension. 11.3 million HADACoins were sold raising approximately USD3 million. Hada DBank has managed to easily achieve its targeted soft-cap and now looks towards its main token sale event.
Hada DBank’s main token sale event will be divided into several stages, to reflect the development stages the Bank is undergoing. Stage 1 – ICO will start 1st May 2018 and will run for the entire month of May, marking the end date to be 31st May 2018.
50 Million HADACoins will be up for sale during this stage. Price and tranches will be announced before the commencement date.
Currently, the MVP is being developed and scheduled to be released before ICO starts. Next stages of Coin Offering will be announced periodically as the development progresses. Participant of Hada DBank bounty & airdrop program will receive their HADACoins, one week after Stage 1 – ICO ends.
Hisyam Mokhtar, Chairman & newly appointed Interim CEO of Hada DBank offered the following statement about the performance of the company’s token presale;
“I am delighted with our performance in this Pre-ICO exercise. Despite the volatility in the current cryptocurrency market, we managed to sell almost USD3m worth of HADACoins to both the Public and Institutional Investors during this period. It is an indication that despite the many ICOs and banking related blockchain projects, the market is progressing and accepting the technology. We are looking forward to launch our ICO soon. More advancement will soon be materialized. We thank those who have supported us from day 1 and hope to continue receiving that support.”
In the lead-up to its token presale, Hada DBank secured a number of important targets in terms of funding, advisors, and groundwork for the future security of the platform. In February the company secured an impressive deal to have its native platform’s token listed on F1Cryptos Exchange following the completion of the main token sale event.
Earlier that month Media Maven and Fintech Investor David Drake of LDJ Capital joined HADA DBank as Advisor.
Most recently Hada DBank secured a substantial single $500,000 investment from renowned investment fund DE Asset Management LTD, as the two companies agreed on a long-term partnership.
Set to revolutionize the world of banking, Hada DBank determines to fuse blockchain technology with Islamic Banking Module. Having recognized the challenges for customers in the current banking state, blockchain technology will ensure security and transparency, while Islamic Banking module will ensure ethical banking and investment.
Hada DBank believes in benefiting and putting customers’ interest first, rather than profiting without limit and ethics. Thus – Caring & Personal will be the two words that will be embedded in every aspect of Hada DBank’s corporate culture, product, and services.
Disclaimer: Hada DBank is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Hada Dbank token sale is closed to US participants and participants of all countries in which ICOs are illegal.