Internet and technology company chooses ICO route to achieve rapid growth strategy
Singapore: Today, Centive Technologies Corporation, an internet, and technology company that are making moves to “reshape the incentive industry” announces that it will conduct an Initial Coin Offering (ICO) for its blockchain-based incentive network, to the tune of US$35 Million. The ICO will kick-off today, 31st August 2018.
Centive Technologies Corporation had previously announced it successfully closed a private investment round, which is used to invest into technology development and deployment. Now it believes that it is ready to move onto the next step – an Initial Coin Offering (ICO) to raise the full amount it needs to grow its business and gain new users.
“The funds will be mainly used to support our growing technology team, and to build powerful and easy to use platforms for businesses and consumers. As you know, blockchain is a competitive industry so we need to be ready to invest to reap the benefits. Our ICO investors might like the idea that Centive’s ecosystem and platforms will be exclusively transacting using Centive tokens”,
said Benjamin Ryu, COO of Centive.
While the industry has seen many failed ICOs in 2018 alone, Centive cites its monetization strategy, burn-rate management, and significant experience in venture building will help it avoid pitfalls, turn a profit, continue expanding use cases and improve the usability of its tokens – which it believes as its fiduciary responsibility.
About centive technologies corporation
Centive Technologies Corporation is an internet and technology company with a presence in Singapore, and operations around the world. Founded in 2018, it is helmed by executives formerly from Rocket Internet, Alibaba, and ad giants in Europe. For more information, visit centive.org
PR contact person:
Centive Technologies Corporation