KinerjaPay Corp. announced details of its token sale plan. Blockchain Industries, Inc., in partnership with Fintech Global Consultants, will be guiding KinerjaPay in their transition from an electronic payment platform to a token payment platform.
Operating in Southeast Asia’s largest economy, KinerjaPay is planning to raise up to US $5 million from its impending ICO (initial coin offerings). The ICO, or initial token offerings, will be offered to institutional or private investors in the form of KCOIN, KinerjaPay’s own proprietary virtual currency.
KCOIN (ticker symbol: KCOIN) is currently being traded among users on KinerjaPay’s platform for activities related to gamification, coin trading, online shopping, and multilevel marketing activities. With the ICO, KCOIN will be used as KinerjaPay’s cryptocurrency on one of the largest cryptocurrency exchanges in Asia.
“We believe this will be a game-changing move as we progress toward a much more advanced digital front,” said Edwin Witarsa Ng, CEO of KinerjaPay Corp. “The introduction of KCOIN allows us to expand our international reach in an efficient and effective manner while promoting our goal of a cashless society worldwide.”
Through their long-term partnership, Blockchain Industries and Fintech Global Consultants offer ICO consulting services worldwide. They have signed an agreement with KinerjaPay to build and launch their own cryptocurrency exchange to trade KCOIN and alt coins. Called KryptoPay, this unique trading platform will facilitate the transaction volume of KCOIN with other cryptocurrencies and serve as the international platform to trade KCOIN freely on the market. This move makes KinerjaPay the first Indonesian company to have an ownership in an international exchange.
“KinerjaPay is a leader in ecommerce and digital payments in Indonesia, and we’re excited to launch this initiative to help the greater public transact their banking with ease, efficiency and confidence,” said Patrick Moynihan, CEO of Blockchain Industries. “We believe KryptoPay will grow into a major public exchange for the Asian and worldwide markets.”
KinerjaPay will further extend its reach into ecommerce in the international market with the addition of multiple supplementary platforms, such as KryptoMall and KryptoGames, to its collection of crypto-based platforms.