The issue of cryptocurrencies has its good days and bad days. It depends on how Elon Musk actually gets up that day and what tweet he puts on his trusted social network. Jokes aside, it’s a distortionary industry in many ways. Bit2Me, the Spanish fintech startup, wants to continue delving into the possibilities of cryptocurrencies: the startup will launch its own token to attract financing. Specifically, they have managed to reach 2.5 million in private sales, but with the aim of reaching a figure of more than 10 million in the short term, expanding the sale to all customers.
A parallel way of raising funds without the need to resort to share capital or investors. Neither of loans to entities. These 2.5 million euros of financing via cryptocurrencies would therefore be added to the previous operations of the entity of 40,000 euros in 2015 and 1 million euros last December. Undoubtedly, the startup is looking for a somewhat more ambitious amount than on previous occasions, but without the dissolution of share capital.
Bit2Me’s new cryptocurrency will be called B2M And, as explained by the company, it will be executable from the Ethereum network itself. In addition to obtaining the tokens to achieve capital, the platform will use this mechanism to achieve more users within its ranks. With the B2M they will offer discounts and use gateways in Bit2Me itself.
Bit2Me, in addition, can include the functionality of using the B2M token so that users can vote on platform functionalities: new cryptocurrencies, adding merchants to the market and debit card refunds, supported protocols, articles from the academy. .
With this, Bit2Me will issue a total of 5,000 million tokens With a value of between 0.01 and 0.02 euros from September 6 to September 30.
2.5 million for Bit2Me, but what for
Bit2Me wants to skip the path of lifelong investors and attract capital to invest in its R&D team. That is, search for talent. The platform also announces, on the other hand, that this possibility of capital entry – which It remains to be seen if it materializes with those 2.5 million forecasted or ends up staying in a smaller amount – opens the door to an international expansion of the firm.
Without specifying which specific countries they want to address, their main objectives will be Latin America, the European Union and Africa.