Spiking Receives US$30M in Oversubscribed Private Token Sale

Spiking Receives US$30 Million Private Token Sale Led By Diversified Financial Company

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Oct 25, 2018, 12:30 ET

HONG KONG, Oct. 25, 2018 /PRNewswire/ -- Spiking sets up its blockchain asset validation and AI driven crypto trading infrastructure in the heart of Hong Kong — Shatin — after securing an over-subscription for the private sale in its initial token offering.

New token buyers are led by Dr. Charlie In — the chairman of an associate of a diversified financial company with interest in segregated fund portfolio management, electronic monetary institution, deposit-taking company, pre-IPO investments, investment portal and wealth planning. Dr. Charlie In will take on an advisory role on Spiking. With more than 40 years' experience in chairmanship of major companies, Dr. In provides governance, investment oversight and market access to Spiking.

"Spiking is well positioned to seize the untapped opportunities in the cryptocurrency market. In particular, Spiking understands the big whales by tapping into financial technology for stocks and blockchain technology for cryptocurrencies. This is a valuable resource for price analytics," said Dr. In.

Spiking is a popular award-winning financial-technology trading app tracking stocks of reputable investors in the traditional markets, and is now building a solution to track trades of cryptocurrency "whales" or holders of substantial crypto assets.

This milestone is important as a strong validation that traditional equity investors are increasingly interested in diversifying their portfolios to include cryptocurrencies, and Spiking is able to support both markets. Spiking is working with a customer base of more than 180,000 traditional investors, providing them with a channel of entry into the cryptocurrency markets.

With this vote of confidence in the oversubscribed private token sale, Spiking announces the official date of the public token sale to take place on the symbolic Thanksgiving Day, 22 November 2018.

"We are humbled by the huge demand for Spiking's tokens which resulted in the over-subscription," says Dr. Clemen Chiang, CEO of Spiking. "With this momentum, public buyers can look forward to the initial exchange offering on Kryptono Exchange next month, which is an industry leading crypto exchange."

Spiking has more deals and developmental progress planned in the pipeline as it prepares for the public sale on 22 November 2018. New versions of the Spiking App have launched on the App Store and on Google Play.

Spiking is supported by Quest Ventures, CRC Capital, Mars Blockchain, J Capital, and Jove Capital.

About Spiking

The Spiking blockchain platform allows traders to find Whales (i.e. key executives behind cryptocurrency tokens, mining pools and/or large holders) and follow their cryptocurrency trades[1]. Powered by state-of-the-art tools where followers meet Whales in a completely transparent environment, it will be built on a modern technology stack with fully audited security standards. The Spiking platform intends to do this by using smart contracts on the blockchain, allowing users to mirror the trading activity of any Whale and control their own segregated trading accounts directly.

More information at https://spiking.io.

Contact Person: Corinne Tan
Email: [email protected]

[1] Subject to relevant laws, regulations and licenses, where necessary.

Related Links

Spiking Project

Spiking Blog

SOURCE Spiking Limited