Eidoo launches ICO Engine

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27.11.2017
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Eidoo, a Ticino based blockchain startup, has officially launched the ICO Engine to allow Crypto companies and startups host and manage their token sales safely and with ease via the Eidoo mobile app. As the first users of the ICO Engine, Eidoo raised $27.9 million. The startup has now signed the first external client.

Based in Chiasso, Eidoo developed a mobile application for both Android and IOS to leverage the full potential of digital currencies in one easy to use environment. The Eidoo app has been downloaded 135,000 times since the start of October 2017.

Now, the startup has launched the first tool «ICO Engine» to allow companies to host ICOs safely and with ease using the Eidoo mobile app. Eidoo’s ICO Engine tool is designed in a similar environment as the Ethereum wallet such that users can join a range of ICOs directly without leaving the app.

The ICO engine is built on a strong security system that ensures the safety of the ICOs to avoid the risk of assets loss that might be due to computer hacking, program errors, or scams. The app also comes additional features and services, including a hybrid exchange, Bitcoin wallet, Eidoo-branded debit card, and more in the pipeline.

Joining the Eidoo ICO Engine increases startup visibility due to its popularity. Startups raising an ICO on Eidoo’s ICO Engine have the opportunity to take advantage of Eidoo’s marketing and advertising services. These are designed to help them to draw more people to the project, including the media.

“Our marketing strategy has proven to be winning, and it is continually evolving. By joining our ICO Engine service, startups can take advantage of the Eidoo strategic potential and the visibility of its advertising channels around the world”.

Eidoo raises $27.9 million
The ICO Engine tool has already been used to organize token sales. In October Eidoo launched its own ICO and raised $27.9 million. According to blockchain news, Eidoo has acquired the first external company to use its services. EthLend, a company that developed a fully decentralised peer-to-peer lending service based on the Ethereum Blockchain, has been said to be the first external company to use Eidoo’s ICO Engine for their upcoming ICO.

“Eidoo has already demonstrated with the success of their own ICO and the broad popularity of their app, just how user-friendly and safe their interface and tech is. We are thrilled to be the first external company to use the ICO Engine to fundraise for our decentralised peer-to-peer lending service, offering those who believe in our vision, a solid, safe and user-friendly means of participation”, said EthLend CEO Stani Kulechov.

Eidoo tokens (EDO) have been listed on on HitBTC, a European cryptocurrency exchange and on Bitfinex, a crypto-currency exchange trading and currency-storage platform. Bitfinex enables merchants, payment processors, individuals and traders to get access to liquidity pools. As a multicurrency wallet, Eidoo supports Ethereum and all ERC20 tokens automatically allowing users to use a single wallet. Built on top of the Ethereum Blockchain, EDO is an ERC20 token necessary for users to pay fees for the services offered in the Eidoo app.

(RAN)

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