Cryptocurrencies
Open-Source Guru Fleury’s Crypto Firm to Debut Asset Token
- ICO proceeds will be used to make crypto-related investments
- As many as 5 million tokens will be released initially
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Hong Kong-based cryptocurrency firm Two Prime, headed by an entrepreneur who sold a previous tech business for $350 million, is set to introduce a digital token invested in a basket of blockchain-based holdings.
The FF Accretive Token, registered in Hong Kong, will use the proceeds from its initial issuance to make crypto-related investments in a structured portfolio of cryptocurrencies, debt and equities with the goal of generating accretive cash flow, according to a company release. Instead of releasing all the coins at once like most initial coin offerings, Two Prime will issue the tokens continuously into the market based on demand.