Skip to main content

Indiegogo launches ICO and blockchain platforms

Indiegogo Inc. joins the cryptocurrencies service for ICO (initial coin offerings) and blockchain investments. The giant crowdfunding company headquartered in San Francisco announced it was embarking on a crypto service where users used the company's platform to invest in digital token sales.

"We launched the platform in 2008 to help create a great idea. Today, we are taking the next big step. We are excited to announce that you are now investing in the pre-selling ICO offered by Indiegogo and Microventures," Indiegogo said.

Tinuku Indiegogo launches ICO and blockchain platforms

Indiegogo was founded by Eric Schell, Slava Rubin, and Danae Ringelmann in 2008 as a crowdfunding platform and one of the first online crowdfunding pioneers that allows people to raise funds for various startups and businesses.

The company estimates that ICO has spread worldwide to US$3.6 billion. The idea of raising funds through digital token sales is "revolutionary" in that ICO allows more efficient liquidity and utilities.

"There is no question about cryptocurrency, there are many pressures about 'tokenization' of the global economy. In some ways, cryptocurrency and blockchain technology is ready to change everything. But for us, this is just another way to do what we've been doing for the last decade," said Indiegogo.

The company has established three standards in implementation for the ICO platform which includes accessibility for all Indiegogo users, regulatory compliance, and well-qualified selection processes. The Microventures partnership ensures the project complies with Securities and Exchange Commission (SEC) regulations.


Popular posts

Alphabet invested $550 million in

Alphabet Inc. invested US$550 million in Inc.'s business center as part of the efforts of the Mountain View Internet giant to expand its presence in the rapidly growing Asian market and strengthen Beijing's e-commerce giants in a global battle including the onslaught of Alibaba Group Holding Ltd, Inc., and Walmart Inc.

Both companies describe the investment as part of a broader partnership that will include product promotion in Google's shopping service to help expand beyond their base in China and Southeast Asia including establishing presence in the US and European markets.

The agreement is an Alphabet effort where the company's main services are blocked in China. Google is boosting investment across Asia where the rapidly growing middle class and lack of infrastructure in the retail, financial, and other areas have made it a battleground for US and Chinese internet giants. Alphabet recently took Go-Jek shares in Indonesia and may also invest…

Bajaj Electricals announced to acquire Nirlep Appliances

Bajaj Electricals announced to acquire the proposed Nirlep Appliances will provide a product portfolio that complements the offer and is a perfect synergistic blend. Agreement to fully acquire Nirlep Appliances cookware for Rs42.50 crore and thereafter be a full subsidiary.

"The Company has proposed to acquire 100% of Nirlep for consideration of Rs42.50 crore, depending on the adjustment of any additional liabilities for the period prior to the acquisition," said Bajaj Electricals.

"The proposed acquisition will provide ongoing business arrangements and other synergistic benefits for the company. It will also give the company exclusive access to the Nirlep brand, sophisticated manufacturing facilities, people, distribution networks, and intellectual property rights," the statement said.

Bajaj Electricals said it has agreed to complete the acquisition of all Nirlep shareholdings in two stages where 80% of the shares will be acquired within 60 days of the agreement a…

Hyundai and Audi collaborate on hydrogen car technology

Tinuku - Hyundai and VW's Audi on Wednesday agreed to collaborate on hydrogen car technology and look forward to improving the energy segment that lags behind the battery electric vehicle. Seoul auto giant wants to increase the absorption of hydrogen cars produced by fuel cells but has been held back by the lack of infrastructure and pressure for battery electric vehicles by Tesla.

The two companies will share access to their respective intellectual property and share components including new parts developed by Audi who are responsible for hydrogen fuel cell technology at Volkswagen Group. Hyundai hopes to create greater demand for vehicles such as the ix35 model and lower costs.

"We want to give component suppliers more opportunities, we want to have competition between component suppliers and will lower costs," said Sae Hoon Kim, head of Hyundai's R & D fuel cell group.

Toyota has praised the benefits of hydrogen vehicles that take less time to refuel than to r…