June 9, 2017 – Compcoin, the digital coin catering to investors and forex traders, today announced terms for its upcoming Initial Coin Offering (ICO), which is scheduled for June 14, 2017. The company hopes to raise up to $45 million, which will go toward the development of new investor technologies, customer acquisition and company growth.
Compcoin is a new digital token focused on investing and growing capital. Investors may buy and hold Compcoin to leverage it as an alternative investment vehicle. However, the primary function of Compcoin is to grant investors access to ART – a proprietary, automated, algorithmic trading platform developed by its parent company, the Fintech Investment Group.
“Compcoin is the first digital coin that grants investors access the world of algorithmic trading in the $5 trillion per day foreign currency market. Previously, such technology had only been available to elite investors, hedge fund managers, large insurers, pension funds and global banks,” said Alan Friedland, founder of Fintech Investment Group and Compcoin. “After eight years of testing, which resulted in highly successful predictions and high returns, we believe Compcoin is ready to generate profits for forex traders on the open market. By making our proprietary trading technology available to everyday investors, Compcoin is leveling the investor playing field and giving owners a real opportunity to experience success in this highly desirable asset class.”
As part of its ICO, Compcoin will be offering 3 million coins at a price of $15 USD each. The first 700,000 coins will receive a 20% bonus. Further details on the bonus program can be found in the offer memorandum released today at www.compcoin.com. Investors can reserve their coins to the ICO by contacting Compcoin at 888-377-COIN (2646). If all 3 million coins are reserved prior to the ICO date, the coins will be issued on an exchange or exchanges within two to three business days after the ICO.
As of today, more than 4.6 million Compcoins have been minted since its introduction in 2014 – an average of 35 new coins every 10 minutes. The maximum number of Compcoin that will be minted is 10 million, or however many coins have been mined by the end of January 2020 — whichever milestone is reached sooner. A percentage of coins will be available for miners.
The more Compcoin an investor owns, the more money the investor can leverage for forex trades with ART. Since the supply of Compcoin will be limited, this demand will increase the value of Compcoin for long-term investors, forex traders and speculators on the open market.
Investors who are interested in learning more about Compcoin are invited to review the company’s offer memorandum. Highlights from the offer memorandum include:
- Purchasing Compcoin only provides access to ART. Compcoin owners looking to execute forex trades via ART must set up and fund an account with the brokerage of their choice, and then link it to ART. At this time, Compcoin may not be used to fund forex trades.
- The ability for Compcoin to store value, and potentially increase in value, off-sets any traditional account management fees that retail forex traders would have normally paid to execute trades. Instead of paying fees to a third party, Compcoin investors can use those dollars to purchase a digital asset that can be traded or sold for a potential profit at a later date.
- Compcoin are transferable and divisible, and exhaust when used to activate the ART trading technology at a rate of 0.5% each quarter. Once a coin is exhausted, it may no longer be used or traded and new Compcoin must be acquired.