Multiven celebrates €15m in ICO pre-sale milestone

PARIS, FRANCE, 25th September 2018: Multiven, the developer of the world’s first blockchain-based marketplace for the global $3 trillion Information Technology hardware, software and services industry, has already exceeded its €10 million initial coin offering (ICO) soft cap pre-sale target for the development of the Multiven Open Marketplace (MOM).

The MOM decentralised application (DApp) is being developed to enable private, enterprise and government customers to buy and sell, new and pre-owned IT products such as servers, switches, routers etc., software licenses and IT services, on a peer-to-peer basis on the blockchain, powered solely by smart contracts, with the Multicoin (MTCN) as the single, global medium-of-exchange.

The MOM sidesteps the need for intermediaries, and thus, dramatically reduces the costs of acquiring and operating Internet and blockchain networks, while creating a global one-stop-shop for IT hardware, software and services. Transactions on the MOM are made using Multicoins, Multiven’s ERC-20 compliant token, and both buyers and sellers will need to stake refundable Multicoins to enforce trust on both sides of all transactions.

The MOM is designed to be globally accessible, and unlike its e-commerce competitors, blockchain-commerce or b-commerce, is tariff-free and offers an unprecedented immutable proof-of-ownership record which adds further legitimacy to all purchased products.

Multiven does not make any commissions on trades made in the marketplace. It simply charges a transaction fee for each deal, a portion of which will be used to write transactions onto the Ethereum blockchain, and the balance will fund the cyber-defence of Bitcoin, Ethereum and other public blockchain nodes on Earth via the Multiven B-fence programme, as well as their decentralisation into low-Earth-orbit.

“Going past our €10 million soft cap is a real milestone for us as we develop MOM,” says Peter Alfred-Adekeye, Multiven Founder, CEO. “We want to deliver something that adds genuine value to the world and helps more people achieve their ambitions without being slowed down by expensive IT hurdles. We have already attracted an exciting client list in our years of doing business including ABInbev, IBM, Capgemini, IKEA, Orange, Pepsi and many more, and we expect MOM to go from strength to strength as we move towards our full ICO in the spring of next year.”

The firm’s pre-sale is now in its third and final phase which runs until 9th October 2018.