Malta company Palladium has announced the world’s first fully adjustable primary supply of convertible coins (Initial Coin Offering Convertible, ICCO). ICCO is different from the ICO because it goes according to the strict rules of the EU and will provide investors with the right to convert tokens in the action of Palladium three years after their sale.
Malta is fast becoming a “blockchain-island”, has become a natural choice for the headquarters of the Palladium. Professor Paolo Catalfamo, the founder and head of Palladium, praised the work of the government of Malta to attract blockchain projects. He said
ICCO is one of the most unique investment opportunities in the world of the blockchain. Institutional investors recognize the magnitude of this opportunity, but the lack of regulation makes them to be in the side. A solution of Palladium will change that. Advanced blockchain technology will allow customers to use a regulated accounts to control Fiat and cryptocurrency.
The company wants to raise 150 million euros in the course of ICCO, which will be held from 25 July to 30 September. Profits will be used in three main areas: 50% will be spent on the acquisition of a controlling stake in a European Bank, 35% to the establishment of a regulated cryptocurrency platform and development platform for clearing and settlement on the blockchain, a 15% strategic investment in financial services and blockchain-companies that will complement the business Palladium.
The crypto currency exchange Palladium will be the result of a partnership between the Palladium Unikrn and the popular crypto currency exchange Bittrex. Technology Bittrex, listing which are almost 200 tokens, reliability, scalability and security of the platform. CEO Bittrex bill Shihara said:
We strive to promote blockchain technology and find projects that use up its potential benefits. Our partnership will launch a new trading platform, based on technology Bittrex, and its customers will gain access to a large selection of tokens from Bittrex listing, which we selected using our advanced verification process tokens. We are pleased that this project will further expand the use of blockchain technology and will continue to expand our business all over the world.