Bitwage Launches ICO Advisory Firm, First Client Raises $50 Million
Bitwage was launched in 2011 as a Bitcoin payroll and international wage payment service, and the firm has now launched an ICO advisory firm called Inwage after recognizing the importance of initial coin offerings in the crypto-ecosystem.
Bitwage published a blog post about their new venture earlier today:
“While ICOs provide a unique opportunity for companies to raise money from a wide range of individuals and entities around the globe, it is often seen as a complex, expensive and risky process. Having launched Bitwage back in 2014, Inwage leverages our experience in Blockchain to build a highly secure turnkey solution for companies of all sizes to launch ICOs.”
The company aims to offer both technical services and marketing services such as smart contract development and auditing and website creation as well as PR and event marketing.
The company surpassed the initial fundraising target of the first client, Moria Token, by 40%, raising $50 million in the ICO for the project aiming to provide an investment platform for the mining of precious metals as well as aiding with IT and security compliance.
Culled from CCN