SONOCOIN ANNOUNCES THE START OF ITS INITIAL EXCHANGE OFFERING OF THE SONOCOIN COINS (SONO) ON LATOKEN EXCHANGE
Geneva, Switzerland: August 1, 2019 — SonoCoin is pleased to announce it has launched today an Initial Exchange Offering of SonoCoin coins (SONO) on the Initial Exchange Offering launchpad of the cryptocurrency exchange LATOKEN. Upon closing of the Initial Exchange Offering, SONOs will be listed on the exchange.
SonoCoin is a Swiss blockchain venture offering data-over-sound solutions to enterprises based on its native blockchain protocol. As of today, SonoCoin represents a fully developed technology, live and operational blockchain, fully functioning data-over-sound system and the first MoUs/LOIs for its first 4 commercial applications.
Below you will find an overview of the Initial Exchange Offering characteristics:
Duration: 60 days
Total Allocation: 10,000,000 SONOs
Pricing Levels: Day 1 — Day 10 = 0.75 EUR per SONO
Day 11 — Day 30 = 1.00 EUR per SONO
Day 30 — Day 60 = 1.25 EUR per SONO
Bonus: during the first 10 days of the IEO, in case of a purchase of SONOs of 10,000 EUR or more, the contributor will obtain an additional 500 SONOs
Bounty campaigns: to be announced soon
Lock-up: no lock-up
SonoCoin has 100,000,000 SONOs issued and outstanding. The coins are operational and functional, it is not a token. SonoCoin is planning for additional IEOs in the few weeks to come, more details will be announced soon.
Leon Afanasyev, Founder and CEO, commented: “Our strategy has always been to develop and grow SonoCoin as an enterprise-grade blockchain startup, therefore we have been focusing for the past 10 months on building the commercial ecosystem around this unique technology. This IEO represents an important milestone in our progress and will allow us to communicate our achievements in the markets. Make sure to keep an eye on the news section for the upcoming announcements.”
LATOKEN is a rapidly growing crypto exchange focusing on providing liquidity supply for new utility and security tokens:
● 350+ crypto pairs already traded
● 400,000 traders already registered
● Low trading and withdrawal fees
● New trading pairs added every week
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of SonoCoin. The words “will”, “may”, “anticipate”, “intend”, “plan” and similar words and expressions are used to identify forward-looking information. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of SonoCoin’s team as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, SonoCoin’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of SonoCoin. SonoCoin disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.
