TEKY eyes $3 mn from pre-ini­tial coin of­fer­ing

Mint Asia ST - - News Dealstreetasia -

Hanoi: Viet­namese learn­ing academy TEKY is join­ing the ini­tial coin of­fer­ing (ICO) band­wagon with its offer of to­kens start­ing on 11 Novem­ber and a tar­get of rais­ing at least $3 mil­lion. The com­pany said this will be the first ICO in the STEAM (sci­ence, tech­nol­ogy, en­gi­neer­ing, art and math­e­mat­ics) in­dus­try.

The ICO pre-sale will be open un­til 10 De­cem­ber with up to 40% bonuses. In­vestors in the pub­lic sale, from 15 De­cem­ber to 14 Jan­uary 2018, will be of­fered 25% bonuses. TEKY ex­pects to raise as much as $25 mil­lion from the ICO of 280 mil­lion to­kens, a top ex­ec­u­tive at the firm said.

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