Interest in ICOs has been growing steadily in the first half of 2018 as investors quietly abandon traditional markets in favor of ICO projects that could offer real value. Given these favorable conditions, DECOIN - a blockchain-based trading and exchange platform where revenues are redistributed to coin holders - has successfully reached its fund-raising soft cap.
Shay Perry, CEO of DECOIN, commented:
"We are excited about reaching the soft cap of $4,000,000. The support of the community has been fantastic, and we will soon announce further developments in the project."
DECOIN is developing an innovative blockchain-based exchange with practical utility for its uses. The project's blockchain is based on a proof-of-stake (PoS) algorithm, and the company aims to increase loyalty by offering users 6.2% staking rewards. DECOIN will have a global presence, providing multi-lingual support across international offices.
DTEP platform to launch in six months
Having reached its soft cap, the company is in a position to speed up the development of its DECOIN Trading and Exchange Platform (DTEP), moving ahead with the next stage of the roadmap. DTEP is scheduled to launch within six months, by which time the company should obtain a license from the Monetary Authority of Singapore and be able to operate DTEP as a regulated entity.
DECOIN's crypto index raring to go
The company has made significant progress with the development of the DECOIN Crypto Index (DCI). The team of analysts is evaluating and researching new projects that might be included in the index; all potential additions will have to undergo a strict vetting procedure before they get final approval to join DCI.
DECOIN is just starting its journey to success but has already achieved impressive initial results.
"We reached the funding goals in the first stage, from the number of users we were hoping to see contribute to the project at this stage. There are international global funds that are interested in investing in DECOIN. We are thrilled about this first successful step and enthusiastic and confident about the roadmap still ahead of us," Perry added.