One-Stop Show For Artist: FENIX.CASH To Launch ICO Tokens Based in Singapore

One-Stop Show For Artist: FENIX.CASH To Launch ICO Token Based in Singapore

FENIX.CASH is a platform that eliminates the numerous layers between music artists and their fans to facilitate a more direct and meaningful interaction between both parties and a win-win situation in which artists receive a larger share of proceeds from merchandise and music and fans gain access to a more complete and focused range of music and music-related offerings from the various artists.

As per press release from FENIX.CASH

FENIX.CASH, creator of a game-changing interaction platform between music artists worldwide and their fans, announced on 7 March that it will officially launch its crowd sale of its Initial Coin Offering (“ICO”) on 21 April 2018, running until 21 May 2018.

FENIX.CASH will offer 72 million FENIX.CASH tokens (“FENIX COINS”) for sale, with a soft cap of US$10 million and a hard cap of $50 million, by way of oversubscription. The cryptocurrency QTUM is the reference currency for FENIX COINS, with the conversion price to be set at one QTUM to 100 FENIX COINS, or for indicative purposes, the equivalent of US$0.262 per 1 FENIX COIN[1].

The public will be able to purchase FENIX COINS during the ICO crowd sale period, but a limited amount of 7.2 million FENIX COINS will been made available for discounted purchase through private sales for early registrants during a pre-sale period from 21 March 2018 to 6 April 2018. FENIX COINS can be purchased with the following cryptocurrencies – QTUM, ETH and BTC, and under certain arrangements, Fiat currency.

Bonus FENIX COINS, between an additional 5% and 30%, will be given out to incentivize buyers to make purchases early within the ICO crowd sale period. Buyers who purchase during the pre-sale period are entitled to a 50% discount.

FENIX.CASH plans to list its FENIX COINS on at least three established cryptocurrency exchanges within 30 days following the completion of the ICO crowd sale. Discussions with leading cryptocurrency exchanges are currently ongoing.

Orders for the purchase of FENIX COINS can be made via the FENIX.CASH ICO website.

FENIX.CASH is a revolutionary platform that eliminates the numerous layers between music artists and their fans to facilitate a more direct and meaningful interaction between both parties and a win-win situation in which artists receive a larger share of proceeds from merchandise and music and fans gain access to a more complete and focused range of music and music-related offerings from the various artists.

[1] Based on the exchange rate of 1 QTUM to US$26.2 as at 5 March 2018.

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