1200 early investors leverage Priority Pass to fuelstartup incubation platform’s mission to revolutionize token sales
New York, New York, June 5, 2017 —Cofound.it, the platform for nurturing and incubating the world’s mostinnovative startups planning crowdsales, has today announced that its tokenpre-sale has reached its capacity of $5 million USD in just 3 hours with morethan 1,200 investors. The pre-sale, which started on June 4, 2017 at 5pm CET,was available to Cofound.it’s most engaged supporters via its Priority Passmechanism. The successful pre-sale leaves less than $7 million USD remainingfor investors in the Cofound.it token crowdsale, which will commence on June 7, 2017. In a related announcement, Cofound.it hasnamed three innovative token crowdsale projects as the first join itsincubation program.
Cofound.it CEO and Co-founderJan Isakovic said: “We are humbled and grateful to our community for theamazing and immediate success of our token pre-sale. It’s proof that manysupporters share our vision of a distributed venture capital platform and ourbelief that the blockchain space must build it.”
Cofound.it has alreadyconnected with more than 50 promising crowdsale projects, with six currentlyaccepted to the program. The company plans to launch at least 10 startupprojects this year, with an additional 30 projects expected to launch in 2018.The first three projects are:
• Santiment, acrowd sentiment data platform that lets users access and share valuablefinancial information to help them make faster crypto-trading decisions withgreater confidence. Santiment’s month-long crowdsale will commence on June 30, 2017.
• Musiconomi, theexpansion on the platform built by the Musicoin Project. In addition toenabling musicians to release their work, create simplified licenses, and getpaid directly and immediately for each play, Musiconomi will giveentrepreneurial music enthusiasts a chance to participate in the growing musiceconomy, as well as provide a world-class streaming service to listeners. The Musiconomi crowdsale is scheduled for July, 2017.
• X8currency, astable digital stable currency backed by a diversified investment portfolio offiat currencies. X8currency will leverage artificial intelligence (AI)technology and aims to provide a safe haven for crypto investors. The project’scrowdsale will begin in July 2017.
The Cofound.it Priority Passfeature is available to companies that pass through the rigorous evaluationprocess. This will give projects the opportunity to appeal to Cofound.it’sestablished network of supporters. Santiment, Musiconomi, and X8currency willeach use Cofound.it Priority Pass to kickstart their crowdsales.
“The success of usingCofound.it Priority Pass in the crowdsale has pioneered an innovative way ofconducting crowdsales for exceptional startups. Cofound.it has established thenew standard for allowing developing companies to efficiently reach a highvolume of potential investors and to be able to more quickly dedicate theirenergies to growing their business,” Isakovic said.
Cofound.it’s advisory teamincludes The Business Blockchain author and Ethereum advisor William Mougayar;Week in Ethereum author and Ethereum ecosystem expert Evan Van Ness; blockchainapps and incentive design expert Vincent Eli; Collider accelerator Co-FounderDavid Prais; ICONOMI Co-Founder Tim Zagar; Senior Manager at Deloitte, LanFilipic; and Managing Partner at Novak Rutar Law Firm Nejc Novak.
Investors can participate inthe Cofound.it token crowdsale commencing June 7,2017, 11am EST / 5pm CET withEthereum (ETH). The tokens, called CFI, are intended to be traded on majorexchanges.
CEO and Co-founder of Cofound.it Jan Isakovic isavailable for interview.
About Cofound.it:
Cofound.it is a distributedglobal platform that connects exceptional startups, experts and investorsworldwide. It will first be built by the blockchain community for theblockchain community — and then for the whole world.