Trade.io has announced the launch of a new investor programme, according to Reuters.
The ‘Angel Investor Program’ will use a consulting team to vet and select ICOs for selected investors to get involved in. According to the report, the programme already has $300 million in funding. Only projects with long-term financial and technological viability will pass the “extremely difficult” selection process.
Investors will benefit from preferential prices, airdrops, and confidence that the projects adhere to KYC and AML guidelines. The projects themselves will benefit from capital from both individual investors and institutions.
In return for these connections, these projects will give significant numbers of their tokens to Trade.io.
Trade.io CEO Jim Preissler said: “Our team has a huge amount of experience in blockchain and finance that will both add value to investors of our program and also save them significant amounts of time and risk. We’re most excited to announce that as a commitment to our valued TIO holders, we are expanding the utility and demand of TIO in the market. In addition, we pledge to incorporate the success of the Angel Investor program to the upcoming Liquidity Pool.”
What is Trade.io
Trade.io is a company that uses blockchain technology to provide services to the financial market. According to its website, it is a “next-generation financial institution based on blockchain technology” that aims to be the world’s leading “wealth-generation platform.” One of the services that it offers is an ICO consultancy business.
It is based in the cryptocurrency capital of Zug, Switzerland.
The firm first announced its ICO in October 2017. It sold batches of 100 tokens for one Ethereum throughout November, eventually selling almost 66 million of them to more than 15,000 people, making approximately $31 million.
In January 2018 the token was listed on coinmarketcap.com. It currently has a market capitalisation of $25.5 million.
Last week we reported on another blockchain company promoting a similar investment programme – OKEx, the second biggest cryptocurrency exchange in the world, launched an initiative called ‘Prime Investors’ which also aims to link quality blockchain projects up with sources of money.