US-based trading platform and digital asset Compcoin LLC has announced its $45 million initial coin offering (ICO) for Compcoin, the digital token catering to investors and forex traders. The ICO consists of 3 million Compcoin, selling at $15 each, with an additional bonus for early investors while supplies last.
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 forex trading platform that has been successfully predicting US Dollar-to-Euro (USD/EUR) currency trades and delivering 10% quarterly returns during eight years of testing. After purchasing Compcoin, creating and funding an account with supported brokerages and linking it to the Compcoin platform, investors may begin forex trading via ART after.
In addition, the company also unveiled its digital wallet technology that safely stores and transports Compcoin to multiple coin exchanges, facilitates direct coin transactions with other Compcoin owners, and passively mines Compcoin. Each Compcoin mining is cooperative with rewards based upon up-time rather than hashing power. The specially designed chip consumes an estimated average of $5.00 in electricity costs per year. Additionally, software upgrades and Forks are automatically updated to prevent forking and to eliminate the politics that have become part of mining networks.
Mining sticks are supplied by the company to investors as a bonus with $10,000 or more in Compcoin. Each mining stick is autonomously monitored by the network and coins are credited to user accounts based upon network uptime. A projected reward of 700,000 Compcoins will be distributed automatically until the first quarter of 2020 to purchasers of the ICO.
Alan Friedland, founder of Fintech Investment Group and Compcoin, stated: “Digital assets such as Compcoin represent the next frontier in investing. Many popular blockchain-based coins have seen have experienced more than 300 percent year-over-year growth, and the industry is expected to grow to $1.7 trillion in seven years. Given the market’s performance, and Compcoin’s focus on investing and growing capital, we are confident that investors will see Compcoin as a means to diversify and enhance their portfolio’s value. Compcoin truly levels the investment playing field by giving everyday investors access to the same powerful trading technologies that were previously only available to the largest hedge funds and elite, accredited investors. At the same time, it offers a solid, long-term investment vehicle whose value is not tied to any particular asset class or commodity, but rather to demand for the ROI generated by the coin itself.”