Tagz to raise $500,000 for SocialChains via IEO starting October 14, 2019
SocialChainz.io, the world’s safest social media, today announced that it has signed an Initial Exchange Offering (IEO) agreement with TAGZ, Australia’s first fully regulated AML/CTF compliant Dual Gateway Exchange for cryptocurrency assets, to sell $500,000 worth of SONA tokens starting October 14, 2019.
“Since our focus is to protect our users by actively monitoring trading activity on our platform, promoting a cryptocurrency like SONA that is backed by a real and growing business like SocialChainz is very much in line with the kinds of assets we want to support and align our exchange with”, says Bryan Seiler, CEO of TAGZ.
“By listing SONA in Australia, we increase the global reach of our cryptocurrency, increase liquidity, and enable SocialChainz to continue to raise funds for the growth of our platform”, says Srini Katta, Founder, Chairman and CEO of Social Chains.
Social Chains has created SONA, its own crypocurrency based on the ERC20 standard. Most of the tokens are reserved for distribution to the company’s growing social media base, creating the world’s most liquid cryptocurrency. The company plans to list SONA with multiple exchanges globally, thereby not only increasing liquidity, but also using IEOs to continue funding growth of the company’s social media platform.
SONA will be listed on the Tagz exchange, and begin to trade on October 14, 2-19.
About SocialChainz: SocialChainz.io is a full-featured social media platform. It is the world’s safest social media platform where every user is fully verified via email, phone number, and government photo ID. Users are offered the best privacy available online. SocialChainz.io guarantees that it will never read its users’ emails, scan, analyze, sell, or share user information without their permission. Recognizing that users are the backbone of social media, SocialChainz is also willing to share up to 50% of its profits with its users. The platform is currently in beta mode and has tens of thousands of users across more than 30 countries via invitation.
