NEM based ICO platform announced

New fundraising platform COMSA is announced by the Japanese company Tech Bureau
06 August 2017   3031

Japanese fintech and cryptocurrency projects developer Tech Bureau announced the launch of a new COMSA platform, intended for ICO.

COMSA is a fundraising platform designed for ICO. The platform is based of the NEM protocol. According to the representatives of the project, this decision is designed to optimize the process of attracting investments in digital currency.

Schematic diagram of the process of attracting investments using the COMSA fundraising platform:

COMSA scheme
COMSA scheme

According to the developers, new solution will support the process of the initial coins offering and their further output to the exchange will be streamlined.

COMSA showcases the whole spectrum and versatility of the NEM blockchain solution and how it can help make the ICO process more transparent and streamlined.

Lon Wong 
President, foundation

Thanks to COMSA, it will be possible to conduct trustless transactions in the platform currencies. This eliminates the need for intermediaries, such as, for example, escrow services.

Also, according to the developers, any token, released on the COMSA platform, will be compatible with NEM and Ethereum. One of the cool feature of the new platform can be called the ability to design various services based on blocking technology.

In addition, according to developers, the platform greatly simplifies the process of ICO, making it much more understandable for all its participants.

COMSA will only create decentralized projects with proper use-cases and application to the blockchain world. Existing business entities will not need an ICO to utilize this platform. They can introduce their fundraising and blockchain technology and later build a solid business model. COMSA is a one stop shop solution for token creation and exchange.

Takao Asayama
CEO, Tech Bureau, Corp.

The start of the COMSA platform is scheduled to start on October 2, 2017. The management of the Tech Bureau said that the funds raised during the ICO will be used to further expand the company and improve the platform. It is known that part of the funds will be directed to the development of Zaif's crypto-exchange and blocking solutions called Mijin, which are the main parts of the COMSA platform.

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   197

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.