Crowd for Angels, one of the UK’s leading crowdfunding platforms for shares, crowd bonds and tokens, is delighted to announce it has seen significant growth and corporate progress since the successful Initial Coin Offering (ICO) of its ANGEL tokens in March and as a result of its ongoing Liquid Crypto Bond issue.
Funds raised from the bond have started to be invested in a variety of crowd bond issues listed on the Crowd for Angels platform, helping a range of small businesses to finance the next stage of their growth plans. In recent weeks, car rental business JamJar successfully raised £103,196 on the platform by issuing an 8%, 15 month crowd bond, with Crowd for Angels also investing in the issue.
Launched at the end of 2017, the company’s bond issue and ICO will see up to 5 billion “ANGEL tokens” issued to investors. The tokens are being issued as a reward for investing in the bonds and, to provide liquidity, have been listed on cryptocurrency exchange GetBTC (https://getbtc.org).The tokens are currently trading at a price of 1,680,000 ANGEL tokens to 1 Bitcoin.
As part of the ICO strategy, the tokens are also being used as a marketing tool, rewarding investors for engaging with the Crowd for Angels platform, advertising and media. Using various token based marketing strategies, Crowd for Angels has risen to third place in the most visited UK crowdfunding platforms (according to Alexa.com) after seeing website visitor figures grow by 290% between March and the end of May this year. Attracted by token rewards, investors recently provided the company with valuable data, with a survey of investment attitudes attracting over 1,300 responses. In addition, the experience gained during its ICO has led Crowd for Angels to offer new products and services including crypto backed bonds, private sales for tokens and seed capital for crypto companies.
Tony De Nazareth, CEO & Founder of Crowd for Angels, commented: “We are delighted that the successful Initial Coin Offering has progressed as planned. The ANGEL tokens themselves have been well received by investors, provided us with new, cost efficient ways to market our services and provided the backbone of new product launches. We look forward to reporting on further growth in the coming weeks and months.”
For further information please contact:
Crowd for Angels
Tony De Nazareth, Director & Founder
020 7437 2413 | [email protected]