The established crypto company Cointed Ltd. will start its own ICO on 20.10.2017 to collect an extra budget of 120 million Dollars. With these funds, the internationalization of the company is to be further advanced.
Cointed does not merely present an idea that is to be implemented in an uncertain period of time.
The company already has a working business model and functioning concept. The undertaking is thus a profitable business and the expansion starts immediately after completion of the financing round.
What have been the milestones of Cointed since 2014:
- a Bitcoin exchange with more than 15,000 users
- own mining farms with 400 GH/s in 2 countries
- 100 BTC ATMs in 4 countries
Financial Review: Sales: Profit:
2015 $ 7 million $ 120 k
2016 $ 30 million $ 600 k
2017 est. $ 180 million est. ~ 5%
Cointed places its main attention on the connection of the analogue to the digital cryptoworld. In this way, a bridge between the two worlds is to be struck and the complicated exchange process of cryptocurrencies in fiat money and vice versa should be designed as easily as possible.
In particular, new ATMs, more efficient mining equipment and proprietary software will be developed and produced in-house.
Cointed has also developed an online wallet for its own Exchange, which is constantly improved and extended by additional Altcoins. This considerably simplifies and accelerates the processing of payments as well as the exchange of cryptos in fiat money and vice versa.
For the creation of a legally sound structure, some of the resources will have to be spent. In order to meet the regulatory requirements of the various countries worldwide, Cointed is already applying for an international financial service license.
Thanks to the successful course of Cointed since 2014 - which was possible without external financing - the team of the dynamic company sees a very good and profitable opportunity for investors.
Investing in the company is therefore part of a success story.
Benefits for investors:
· Ethereum Smart Contracts make it possible to start with the slightest desire
· The Pre-ICO starts on 20/10/2017 at 00:00:00 UTC and ends on 19/11/2017 at 23:59:00 UTC
· The ICO itself starts directly after the Pre-ICO and runs until the investment goal has been reached or until 28.02.2018
· For the first 1,000 investors (minimum investment 20 ETH) there will be special bonuses and a special surprise.
· Each investor will receive additional discounts on our platform in the following areas:
- Online shop
This ICO has the potential to reconfigure the largest areas in cryptocurrencies. The goal is to involve the community in the project and to participate in the growth of the Cointed project.
If you are interested, make sure to visit www.cointedtoken.com as soon as you can because the tokensale starts in less than 24 hours!
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.
Coinidol does due diligence in researching the content matter before the publication of any text, especially if it's provided by a third party and paid as an advertising announcement.
Coinidol's team searched for information about the Cointed project and found suspicion from users that it could be a scam. According to the open letter by GENERAL BYTES they have reason to believe investors are being scammed here into investing in an empty shell.
We have an obligation to warn our readers to pay attention to this fact because this publication is provided by a third party.
Coinidol didn't carry out in-depth research of the project to prove or disprove this fact. But we have asked the team of the Cointed to comment on the main questions of the community.
Christopher Rieder, CEO of Cointed Ltd. and Wolfgang Thaler, CEO of Cointed GmbH responded to Coinidol about the accusations of being a scam project:
"Dear customers, dear partners,
Cointed has been a successful all-round crypto service provider since 2014. Starting as a small and local start-up in Austria as a crypto exchange and Bitcoin ATM provider, we have now developed a number of products and services in the areas of GPU mining, crypto hardware development and payment processing for crypto transactions. We have established trust with customers and partners all over the world through great customer service, as well as being transparent and straightforward with everyone we work with from the very start.
The Cointed parent company in Hong Kong "Cointed Ltd." is about to start its own ICO. This is a very exciting time for us, since we experience more positive feedback in recent times not only towards us, but the crypto landscape as a whole.
As Cointed continues its rapid global expansion, we begin to feel the limitations of existing products and services in the crypto world. We are convinced that the crypto world deserves the best products possible. For the crypto scene to sustainably grow in the long term, the access to cryptocurrencies needs to be as easy, fast and convenient as possible.
One of those areas are Crypto ATMs, which allow everyone to exchange cash for cryptocurrencies and vice versa. Cointed is now the biggest Crypto ATM provider in Europe and has gained plenty of experience and feedback from customers and partners as to what problems existing ATMs have - both from the hardware and software side - and how they can be improved. We want to allow everyone involved in the crypto scene to enjoy a better-quality product.
Unfortunately, one of our now former suppliers, General Bytes, has decided to publicly denounce us for trying to expand our product line and develop our own ATM. We decided to end a long and fruitful business relationship in a friendly manner and face new challenges by envisioning how to enhance existing products. The response from our former partner was to make baseless and easily disprovable accusations.
We are deeply dissatisfied with how the situation unfolded. Our former partner was not ready to let his product compete on the open market and therefore threatened us for months not to develop or produce any products he would consider a risk to his own business - which defies the core principles of an open market. The former partner has burned bridges with a company that used to be one of his best customers, simply because he was afraid to make a little less profit.
Even though there is no contractual obligation to do any of this, the Austrian "Cointed GmbH", which is the licensing partner of our former partner respected those wishes and didn't even deploy the Cointed-owned Crypto ATMs in countries the former partner didn't want to be associated with - against our own business interests.
We were convinced that a clean termination of our business relationship would be possible. We deeply regret that our former partner decided to take these steps and are convinced that they only serve to hurt his own reputation.
We at Cointed will continue to follow our determined path to offer the best products and services possible. We are excited for the times to come and invite you all to join us in shaping the independent and progressive financial world of the future."