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Topic: [ANN] MONETRAN ENTERS FUNDING AGREEMENT WITH STARTENGINE (Read 138 times)
Hockessin DE - - Monetran LLC, a cryptocurrency-based startup headquartered in Hockessin DE, has announced that it has entered an agreement with StartEngine to act as intermediary for an initial round of funding under the provisions of SEC Regulation Crowdfunding.
StartEngine is an ICO platform that is built to support regulated ICOs with a myriad of features critical to meet regulations in the United States and internationally. The platform facilitates raises under existing exemptions from registration under the Securities Act, including Rule 506(c), Regulation A+ and Regulation Crowdfunding. To date, StartEngine has helped over 150 companies raise capital from nearly 140,000 investors.
Monetran will seek $1.07 million, which is the maximum allowable under SEC rules. The company will be SEC compliant and its tokens will be available to U.S. investors.
Monetran has developed a stable token, called Moneda, which the company says has the potential to become the predominant medium of exchange for Internet payments. Internet commerce is a multi-billion dollar industry, and the company expects to profit from transaction fees from the use of their token.
Company literature states that Monetran’s token, Moneda, has been designed to deliver swift and secure transactions at a fraction of the cost credit cards and other payment processors charge. In addition, the company says that their token will enable micropayments – generally considered $5 or less – and that an app has been designed for ease of payment.
Monetran reports that Moneda will be redeemable for a percentage of an asset account which will reflect the number of tokens in circulation. The company expects that the redemption feature will promote the stability required for a currency to become an accepted medium of exchange.
The company maintains a website, monetran.com , which serves as their main information portal.
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements.
StartEngine is an ICO platform that is built to support regulated ICOs with a myriad of features critical to meet regulations in the United States and internationally. The platform facilitates raises under existing exemptions from registration under the Securities Act, including Rule 506(c), Regulation A+ and Regulation Crowdfunding. To date, StartEngine has helped over 150 companies raise capital from nearly 140,000 investors.
Monetran will seek $1.07 million, which is the maximum allowable under SEC rules. The company will be SEC compliant and its tokens will be available to U.S. investors.
Monetran has developed a stable token, called Moneda, which the company says has the potential to become the predominant medium of exchange for Internet payments. Internet commerce is a multi-billion dollar industry, and the company expects to profit from transaction fees from the use of their token.
Company literature states that Monetran’s token, Moneda, has been designed to deliver swift and secure transactions at a fraction of the cost credit cards and other payment processors charge. In addition, the company says that their token will enable micropayments – generally considered $5 or less – and that an app has been designed for ease of payment.
Monetran reports that Moneda will be redeemable for a percentage of an asset account which will reflect the number of tokens in circulation. The company expects that the redemption feature will promote the stability required for a currency to become an accepted medium of exchange.
The company maintains a website, monetran.com , which serves as their main information portal.
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements.
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