Cryptocurrency trading solutions provider Zichain has announced the initial exchange offering of ZCN tokens.
The subscription, which offers retail and institutional investors the chance to invest in Zichain, will close at the end of the month (November).
For every Ethereum coin invested, investors will receive 2,273 ZCN tokens. The subscription will be capped at 6.82mln ZCN tokens.
“This is a pivotal new phase for our company,” said chief executive Khachatur Gukasyan.
“In the past months, we have secured funding and support from leading institutional investors and top players in the FinTech industry.
He added: “We have also expanded our loyal user base by introducing Zichain products to new markets, including China. If you share the company’s vision, we now offer you a chance to join us on a quest for a safer, more accessible and more convenient financial services of the future.”
Zichain recently went on an international roadshow to drum up support from investors around the world.
Last month, it secured a strategic partnership deal with two “top-tier” Chinese venture capital funds which specialise in digital assets – Bitblock Group and Fiat Capital.
Zichain has partnered with the CoinX.pro exchange for this event.