1st legal cryptocurrency presale in North America
impak Coin (MPK) fully compliant Initial Coin Offering (ICO) positions Canada as a global leader in the cryptocurrency space and gives individuals around the world the opportunity to ignite the impact economy by participating in the crowdsale opening August 21 2017.
MONTREAL, Canada, August 16, 2017 — impak Finance Inc., the Canadian fintech company focused on driving the SOCIAL IMPACT ECONOMY that raised over $1.5mm in its 2016 equity crowdfunding campaign and with strategic investors, today announces the public presale of its impak Coin which is the first ICO (Initial Coin Offering) fully compliant with Canadian securities laws. Public crowdsale opens on August 21 2017 on www.impakcoin.com.
impak Coin is one of the few worldwide ICOs that have passed all of the national regulatory requirements ensuring transparency and integrity to participants in the presale of its cryptocurrency.
“impak Finance is writing a new page in the young history of ICOs by taking on the challenge of becoming fully regulatory compliant and as a result bringing a higher degree of protection for participants. Once again, impak Finance demonstrates that transparency and trust are core to our project”, says Paul Allard, impak Finance’s Chief Ecosystem Officer. “We are delivering on our promise to use technology to reinvent the way citizens can use money for doing good.”
The impak Coin ICO model will be a reference for regulators worldwide to protect investors, while playing a positive role in enabling small businesses to raise capital with the latest developments in financial technologies.
impak Coin, a cryptocurrency for a better world
impak Finance’s objectives with impak Coin are two-fold: to build a cryptocurrency that solves the problems of accessibility, stability, and anonymity in the cryptocurrency space and to create a blueprint for more ethical ICOs going forward.
Impak Coin combines the advantages and functionalities of complementary currencies, recognition programs, and new cryptocurrencies. Built on the WAVES fully transparent blockchain platform, it is stable, safe and more efficient than many other digital currencies. Designed for everyday use, transactions within the impak ecosystem are free for both merchants and customers. By rewarding user participation in the ecosystem with impak Coins, we ensure that all stakeholders in the ecosystem become winners and continue to grow the impact economy.
About impak Finance
impak Finance, a fintech entirely dedicated to the development of the fast-growing impact economy proposes to radically change the way citizens and organizations collaborate and transact by building an ecosystem called impak.eco that connects investors, businesses and citizens sharing the same social values. One of impak Finance’s goals is the creation of a 100% digital Canadian chartered bank.
Regarding Blockchain and ICOs
ICOs have already raised USD 327 million this year alone, compared to USD 101 million in all of 2016, according to the latest numbers from Smith + Crown, a blockchain research firm. “This is inevitably becoming a fast-growing alternative for businesses to raise capital.”
Blockchain technology has been on fire in the past year, with blockchain-based cryptocurrencies recently passing $100 billion market cap, and the technology being adopted in projects all over the world. The fact that multibillion dollar companies like Toyota and Deloitte are working with the blockchain just adds to the technology’s reputation and proves it has value. As for ICOs, around 20 offerings a month are currently taking place and the Tezos blockchain ICO is the most recent record that generated US$232 million, ending on July 13.
