The funds generated will be used to construct a protocol for a democratised social trading platform called CoinRadars. This will enable would-be cryptocurrency investors to follow the lead of experienced investors.
The system will run on Carboneum tokens (C8), 120 million of which will be available for purchase during the ICO, which will run until 8th July or until the $12 million (£9 million) hard cap is hit. People with C8, which can be bought with Ethereum or ICON, will gain access to premium features within the platform and benefit from discounted costs.
Max Kortrakul, Founder and CEO of Carboneum, says the prospect of trading in cryptocurrency leaves a lot of people scratching their heads because of the sheer volume of information and know-how that is required to do it successfully.
“We want to simplify this process and encourage people to make use of the existing expertise that is out there for their own benefit,” he adds. “In this way, profit can be generated for both the new-comers and those that are lending their experience out.”
The team behind Carboneum previously built Stockradars, a Thailand-based online stock trading and analytical platform.
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