Panaesha Capital Launches a Pre ICO Token Sale for Feelium - a Cryptocurrency
Feelium aims to capitalize on growth by integrating real-world business with a secure blockchain platform
Panaesha Capital, a leading Singapore based fintech startup, today announced the launch of its first initial coin offering (ICO) ‘Feelium’ a one of its kind digital currency which can be stored, used and traded through an integrated wallet and exchange services. At the end of its pre-sale offering, it aims to raise 21 million USD. The public sale is expected to begin on March 21 at 00:00 hours and will continue for two months.
Feelium is a centralized blockchain network which offers a tokenized platform making contractual transactions simpler and more secure. By implementing the use of smart contracts, as well as an optional escrow account, the Feelium platform allows for secure and quick transactions. The Feelium token is the motor of the platform, and all transactions will occur using this token. Users will receive a Quick Access Token, which enables the user to transact seamlessly around this platform. The Feelium platform has a few unique features such as a centralized blockchain platform in lieu of a decentralized platform, private key retrieval and cloud storage. Feelium aims to be a one-stop trading platform that can be used by anyone, both for B2B and B2C scenarios.
Over the past few years, the number of ICOs being offered have grown exponentially. The current ICO market is seeing innovation looking to solve problems posed by blockchain networks such as high transaction fees, slow transaction speeds and user interfaces that are not user-friendly. Due to the success of the Ethereum ICO, a healthy atmosphere has evolved that has helped create the current ICO market boom. Not only are ICOs thriving globally, there is a strong appetite amongst Indian investors as well.
Sandeep Phogat, CEO and Founder, Panaesha Capital Pte. Ltd. said, “Despite tremendous progress in economic globalisation, the global financial system is still very fragmented. Blockchain technology has tremendous potential to consolidate and, perhaps, even standardize financial markets all over the world. While some ventures are raising capital through an ICO, we have already invested a fair amount of seed capital in building our own technology, human capital and marketing outreach. The launch of Feelium will enable operators to solve the biggest problems such as speed, trust, and cost. Our goal is to build a platform known for simplicity, security, cost-effectiveness, speed, a stable means of payment and exchange.”
“The cryptocurrency market is predicted to grow by 65% by 2020, and Feelium aims to capitalize on this growth by integrating real-world business with a secure blockchain platform. Feelium can be accessed across the world and will revolutionize world economy allowing fast, cross-border trade and business to occur. The blockchain start-up business sector is booming and will streamline the way businesses and individuals operate. Our pre ICO capital will be deployed for growth and further development of our product for usage for mass markets. Private investors can participate in the pre ICO rush by directly contacting us.” said, Ravi Kikan, Chief Operating Officer, Panaesha Capital Pte Ltd.
Feelium will allow any user to leverage their own asset by enabling them to trade and benefit from the launch of Feelium coins. The ICO will launch from Singapore and be available globally. This centralised blockchain platform creates a new sphere of trading that captures the balance between completely unregulated ICO markets and highly regulated traditional securities markets. With this centralised system, Feelium Tokens will be issued from a central agency, only after KYC/AML procedures are completed by the user. This would allow the government to regulate an ICO in case of fraud. Currently, Panaesha Capital Pte. Ltd has abided to all current regulations and will continue to do so if more regulations are introduced. They are also backed by a legal advisory to ensure that all legalities are followed.
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