The pre-sale which follows a private sale launched in the first quarter of 2018, has a hard cap of $29,000,000 and will last until June 30th. The main ICO is scheduled for an immediate start (July 1st) after the pre-sale ends on June 30th.
The overall token supply is 500,000,000. 50% of the tokens are available in the sale stages, while 40% will be set aside for B21 reserves and management retention and the remainder 10% will be used for incentives. Accepted tokens on the site are BTC, ETH and EOS.
How does B21 work?
The Ethereum based platform is designed to assist everyday and experienced investors to benefit from cryptocurrencies. In its online literature, B21 outlines a relatively simple step-by-step process involving account set up, setting an overall financial goal and choosing how much to invest each month. Users can choose the coins they want to invest in and have access to a dashboard to view their portfolio. Goals and investment allocation can be changed and users can cash out at any point.
B21 says it is the ‘first wealth management application exclusively for cryptoassets’ and that it solves the problems associated with the complexity and cumbersome processes involved with cryptoasset investment.
An innovative application
Founder, Miles Paschini is an entrepreneur from a financial services and mobile background. His team profile states that he is experienced in payment processing and recently created the ‘industry’s first crypto currency linked debit cards’ used by some of the main cryptocurrency wallet and exchanges. He said in a recent press release that the plan is to make investing and managing a cryptocurrency portfolio easy with its ‘innovative’ application. Digital asset exchange, BlockEx has also announced that it will list B21’s Initial Coin Offering on its trading exchange.
Other members of the B21 have backgrounds in finance, investment and software development and there is a team of advisors and investors including entrepreneurs and venture capitalists also involved.