We have a new game changer in the cryptocurrency space in the form of World’s first ICCO – Initial Convertible Coin offering – being offered by a Malta-based blockchain startup Palladium which intends to launch an integrated platform powered by Bittrex. The launch of Palladium is unique in the sense that it offers its clients the capability of unifying crypto and fiat-based multi-asset transactions on a single platform which is regulated by the Malta Financial Services Authority (MFSA).
Prof. Paolo Catalfamo, Founder, and Chairman of Palladium put it in these words at the launch of Palladium:
"This ICCO is one of the most unique investment opportunities in the blockchain world. Institutional investors recognize the scale of the opportunity, but the lack of regulation has kept them watching from the sidelines. Palladium's solution will change this. Cutting-edge blockchain technology will allow customers to use regulation-compliant, multi-asset accounts to manage fiat and cryptocurrencies."
Let’s take a look at some of the salient features of this ambitious project and why it looks promising to me.
The presale of Palladium token is underway at the time of this writing, but the actual offering would start on July 25 and run until September 30, 2018. With the rest of the Blockchain community fearful of the Crypto regulations around the world the implementation of the same in Malta has kick-started the innovation in high gear. It is indeed the uncertainty that hampers and hinders the progress.
The original Data Driven Investor article was posted here. The views and opinions expressed in this article are those of the author and do not necessarily reflect those of CDOTrends.