Blockchain-based social network and trading platform CoinLinked plans to raise $ 5 million in a Structured Security Token Offering (STO). California Tech Corporation will allow Certified American Investors (Reg D) and Qualified Non-US Investors (Reg S) to participate in the Series A funding round.
The platform was launched in May this year by the CEO of Wall St. and CoinLinked Jenny K. Ta, as she aims to promote cryptocurrency as a payment method worldwide. It allows anyone to buy everything that is available online in cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and the stable USD.
The social media aspect allows members to earn a cryptocurrency called CoinLinked Coin to share and comment on posts to expand the network. Compare that to the decentralized / decentralized hybrid integration of Twitter, Instagram and Amazon.
“The current proposal will provide advanced investors with a very selective opportunity to play an important role in taking the full-featured social marketing platform and cryptocurrency concept to the next level of AI innovation.”
The tour will sell up to 200 units, each consisting of 12,500 CoinLinked security tokens, at $ 25,000 per unit, which is equivalent to $ 2 per token. Investors will be able to invest in USD, BTC, ETH, USDC and XTZ.
Earlier this year, Andrew Fenton of Ta Cointelegraph said that when the legal environment allows it, she hopes that one day she will also link security token distribution to social media and payment platform exchanges.
“Thus, the tokens are still independent from each other. But will there be a bridge between them soon? “She said, ‘I think so.’ “I know this is coming. And why do I personally want each of my tokens to be linked? It’s because we have all been social media users for the past 15-20 years and have not received anything.”
“We’ve seen the founders of these companies succeed, but as users, we helped them achieve that. This is me and the shareholders, and then the users, and therefore I want everyone to share a piece of the pie. “