Blockchain-focused prominent financial technology firm, Roobee has announced the launch of its new Initial Exchange Offering (IEO) round with an aim to venture into the Asian market space.
Roobee is a reputed investment firm backed by blockchain and AI which was established in 2017 by co-founder Artem Popov. Earlier this year, the leading network raised $5.5 million through crowdfunding and strategically important investments made by the giant crypto investors.
The new IEO of Roobee was kickstarted last week on the notable Asian crypto exchange Liquid, and will continue till September 30, 2019. During this process, the firm will lay out an offering of ROOBEE tokens worth 300 million for the investors.
Another reputed cryptocurrency exchange, Livecoin has shown its support for ROOBEE tokens during the sale by offering tokens worth 45 million to its users. With an aim to induce more investors, the exchange has announced that the most proactive participants during the sale will get a fair chance to win MacBook Air, MacBook Pro, or Xiaomi Mijia Electric Scooter Pro.
Roobee got amazing support from the biggies of the crypto world which eventually led to the closure of the private rounds in no time, thereby, making the firm cross its minimum target easily. In June, the firm completed its token offers on two leading crypto exchanges Bitforex and EXMO successfully. The total amount of $5.5 million was raised during the token sale. Later, Bitforex announced the listing of the token on September 23 followed by the lending of support from other crypto exchanges like EXMO, Liquid, and Livecoin. The platform aims to get listed in Singapore-based cryptocurrency exchange, KuCoin in the near future.
The press release of the company stated that ROOBEE token holders will be eligible for advanced access to an array of investment solutions at lower commissions along with the opportunity to participate in private rounds of prominent projects namely Telegram’s TON, WeWork, Robinhood, Virgin Hyperloop One, SpaceX, etc.
Roobee boasts of some elite names in the list of its partners and investors. One of the prominent partners of the firm is BitGo which serves as the world’s largest crypto custody provider supported by market leaders like Ripple, Bitstamp, and Pantera. Krypital Group is also an active member of Roobee.
In 2018, Roobee organized many successful pilot tests in which more than 5,000 people indulged in the transfer of assets worth more than $15 million in crypto and blockchain investments and venture funds. The company today stands as a community with 300,000+ customers aiding in its expansion. The multinational team of Roobee consists of JPMorgan, Lloyds Banking Group, Goldman Sachs, Barclays, Sumitomo Mitsui Banking Corporation, Lazada, and Banca Intesa talents.
Roobee is currently planning a large-scale launch of the private version of MVP product by 2020, followed by the release of a mobile application.