Today, blockchain-based company TurnCoin, Ltd. announced that it has selected INX Digital Company, Inc. to facilitate the primary capital raise of $70 million that it plans to undertake. The INX Digital Company is a broker-dealer and an inter-dealer broker that provides the first and only fully-regulated, end-to-end platform for listing and trading both SEC-registered and exempt security tokens as well as cryptocurrencies. This platform was developed by the INX Digital Company. The primary capital raise is open to participation from 2,000 potentially accredited investors based in the United States and from any and all investors based outside of the United States, including retail and institutional investors.
The security token offering that TurnCoin is making available is one of a kind due to the fact that its value is derived from VirtualStaX, a real-world practical application of blockchain technology. As a proportional monthly yield, TurnCoin holders receive 100% of the global gross revenue generated by TheXchange, which is part of the VirtualStaX ecosystem. This yield is paid out in USDC. VirtualStaX is an online marketplace that caters to talented individuals in various fields, including but not limited to sports, music, art, entertainment, influencers, inventors, and celebrities, amongst others. The platform integrates a trading platform with digital collectibles, social and fan tokens, a social media hub, merchandising e-commerce, and an effective alternative to crowdfunding. Additionally, the platform offers a social media hub. The mission of VirtualStaX, which is to empower people and fund talent, has already been embraced by a number of global ambassadors.
The Chief Executive Officer of TurnCoin, Rudolf Markgraaff, has expressed gratitude to INX. The initiative that One is taking to establish itself as the most successful cryptocurrency and security token platform in the world. He went on to say that INX had laid the groundwork for democratizing alternative investments, making it possible for investors worldwide to capitalize on opportunities such as TurnCoin.
TurnCoin is fully committed to being compliant with regulatory requirements and is being offered according to the SEC Reg D/S regulation. The company’s External Regulatory Advisor, Roel Campos, stated that TurnCoin is dedicated to following all regulatory requirements.
To summarize, TurnCoin’s security token offering is a ground-breaking and cutting-edge method that divides the company’s global turnover proportionately among its investors in the form of a monthly yield in USDC. The platform is a shining illustration of how blockchain technology has the potential to transform the economy of fandom and the ways in which people monetize their careers.