- The ILO (Inside Listing Offering), which started on 4th for Alphacon, completely sold out on Borabit and CoinPass in 2 weeks
- When the coin price falls, coins are paid as 110% of the investment amount through re-fixing to minimize investment risk
The Alphacon ILO, which has been collaborating with the Korea M&A Center and four exchanges since April 4th, is emerging as a new cryptographic participation method in the blockchain and cryptography industry.
On 4 exchanges ProBit, CoinPass, Borabit, and 25EX, the ILO (Inside Listing Offering) method was adopted and sales of Alphacon were carried out, and has been performing well as in a mere 7 days after commencement, it was sold out on the Borabit exchange, and sold out on the CoinPass exchange in just two weeks.
ILO (Inside Listing Offering) is a concept that was applied to the cryptocurrency market by applying the existing investment method of CB (Convertible Bond) and BW (Bond with Warrant) in the capital market and was designed by M&A Center after consulting with leading financiers and legal offices.
Six months after the ILO deadline, the ILO supplemented its shortcomings by installing a ‘re-fixing’ system to minimize losses so that 110% of its investment can be preserved in case of price declines even for investors with no history of cryptocurrency withdrawals or sales within the period.
Sean Ryu, CEO of the Korea M&A Center stated, “Alphacon has been on the rise recently due to the ILO, the listing of the world’s most prominent cryptocurrency information sharing platform, Coin Market Cap (CMC), and the launching of the AlphaCoin mobile app that allows for coin usage in real-life. In the future, we will continue to grow by actively implementing blockchain-based healthcare data platform business, which is a key competitive factor of Alphacon, by providing smooth financing through ILO.”
The Korea M&A Center is also negotiating with overseas cryptocurrency exchanges for the Alphacon ILO, and plans to conduct a second ILO soon after working with top domestic and foreign cryptocurrency exchanges, including BITKER, the world’s ninth-largest cryptocurrency exchange listed on the CMC. Meanwhile, on the ProBit Exchange, which is conducting the swap from Alphacon ALP tokens to Alphacon ALPP coins — the Alphacon Mainnet coin, participation in the ILO is open until 6 pm on the 25th.
In addition, the Korea M&A Center, which introduced the ILO system, announced that △ six months or more after the listing of the cryptographic exchange, △ listing on more than 5 cryptocurrency exchanges, △ maintaining a certain amount of trading volume, △DApp, △creating a business revenue model, △establishing a main network and proving its technology, △and actual usage of the cryptocurrency are the conditions that will be strictly reviewed for a project to be selected as an ILO project.
In addition, if a proven blockchain project has good potential for business as well as growth potential, it can apply for ILO through the official website of the Korea M&A Center at the following link.