Boom, a social e-commerce platform, says it is offering investors the opportunity to acquire multicoins (MTCN); ecosystem native token, following its successful launch in Nigeria and France.
The company said this in a statement signed by Mr Peter Alfred- Adekeye, Founder of Boom, on Tuesday in Lagos.
The News Agency of Nigeria (NAN) reports that Boom is a blockchain-powered ecosystem that connects the 1.7 billion unbanked in the world, and those seeking a safe, no-fees alternative to existing commerce for global brands.
The MTCN, Boom native token is an ERC-20 utility and governance token, built on the Ethereum blockchain that transmits value between transacting parties within the Boom ecosystem.
According to Adekeye, MTCN is required to process all transactions within Boom.
He added that governance rights were attached to MTCN, allowing holders to participate in decisions regarding Boom development and technology roadmap.
Alfred- Adekeye said that to inject liquidity into the eco-system, Boom would be offering a limited number of MTCN to qualified investors from July 18 to 31.
“The out of beta version of Boom will be available for all in October.
“All prospective qualified investors satisfying Boom investment requirements are invited to connect to the investor’s page.
“To ensure a safe and secure ecosystem, all users on Boom are KYC’d at signup,” he said.
NAN also reports that Philippe Leroi is Boom’s Vice Chairman, Aurelien Bricout is the Chief Financial Officer, Gebsy Villarroel is Chief Marketing Officer.
Boom Advisory Board Members in Nigeria are Elvina Baby Ibru, Ladi Soyode and Raymond Dokpesi.(NAN)