Crowd for Angels, one of the UK’s leading crowdfunding platforms for shares, crowd bonds, and tokens, is delighted to announce that the private token sale for Estonia based fraud prevention platform CryptoPolice is now live.
Only registered Crowd for Angels members will be able to participate in this private stage of CryptoPolice’s token sale, gaining access to an institutional & ANGEL level investment round. The tokens, or OfficerCoins (OFCR), will be available for US$0.045 each, with investors able to pay using cryptocurrency and/or fiat.
Visit the pitch here http://crowdforangels.com/cryptopolice
Crowd for Angels decided to work with CryptoPolice as it admired its goal of bringing together the community and technology in order to safeguard online users against fraud. Cybercrime is currently a huge problem, with Juniper Research recently predicting that the cost of data breaches will reach $2.1 trillion globally by 2019. Both companies share similar moral and ethical views and are keen to help combat the problem.
While the popularity of Initial Coin Offerings (ICO) and token sales has soared over the past 18 months, it is an inconvenient truth that investor trust in the industry can be low. With the industry remaining largely unregulated, there are no defined mechanisms for raising funds via ICOs and token sales, with investors having to rely on trusting companies themselves to give true and accurate information.
In a recent survey undertaken by Crowd for Angels, almost a quarter of investors said they were concerned with scams and companies going rogue after raising funds. While regulation of the industry seems a certainty in the long-term, Crowd for Angels and CryptoPolice are working together right now to combat some of the existing issues.
During its due diligence procedure on the company, Crowd for Angels was impressed that the CryptoPolice team has focused on delivering its product before raising finance (in contrast to many token issuing companies who only have a concept). What’s more, CryptoPolice management have significant “skin in the game” having so far invested around $200,000 of their own money in their project. Management being aligned with other investors is something that resonates with the Crowd for Angels’ model and is also an important factor for investors when choosing which companies to invest in.
Finally, in order to increase trust amongst investors, CryptoPolice actively sort to offer its token sale on a regulated platform, knowing that the company would be challenged to go through a strict due diligence procedure. Amongst other things, this process includes detailed checks on directors, third-party verification of information and a comprehensive review of the business model. Crowd for Angels is regulated by the Financial Conduct Authority (FCA) and while tokens are not regulated by the FCA the same strict processes and procedures have been applied to the CryptoPolice token sale by Crowd for Angels as are applied to any other fund raise on the platform.
Visit the pitch here http://crowdforangels.com/cryptopolice
For further information please contact:
Crowd for Angels CryptoPolice
Tony De Nazareth, Director & Founder Arturs Rasnacis, CEO of CryptoPolice
020 7437 2413 | tony@crowdforangels.com +371 28452330 | arturs@cryptopolice.com
About Crowd for Angels
Crowd for Angels is one of the UK’s leading crowdfunding platforms for shares, crowd bonds and tokens. Our goal is to bring innovative and appealing products to investors and to provide funding for companies throughout their growth cycle. We help companies raise funds through the issue of shares and bonds on our regulated crowdfunding platform.
Our investors get the opportunity to invest in shares in a tax efficient manner through the use of SEIS/EIS tax relief and through Bonds that can be held in a tax free IF-ISA wrapper. We never charge our investors any fees and companies looking for investment only pay if the funding is a success.
About CryptoPolice
Based in Estonia, CryptoPolice is a platform that helps bring together the community and technology in order to safeguard online users against fraud. Using blockchain technology, the company’s products create the opportunity for multiple revenue streams and allow the community to carry out scam identification and verification in a self-regulated manner that is fully decentralised and transparent.
RISK WARNING
Investing in small public listed or private companies involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Investing in debt pitches through Crowd for Angels (UK) Limited involves lending to companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults.
Crowd for Angels is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own Investment Decisions. You will only be able to invest via Crowd for Angels once you are authorised.
The price of virtual goods and products, like real goods and products, constantly fluctuate over time. Any current, virtual or otherwise, could be subject to large swings in value and at any time might become worthless. As such, the value of your holding may increase or decrease over time or even go to zero.
Cryptocurrencies, tokens and other digital currencies are not regulated by the Financial Conduct Authority and therefore do not offer recourse to the Financial Ombudsman Service or Financial Services Compensation Scheme.
Please click here to read the full Risk Warning.
This press release has been approved as a Financial Promotion by Crowd for Angels (UK) Limited (Company number: 03064807), which is authorised and regulated by the Financial Conduct Authority (Reference number: 176508). Investments made in companies listed on the Crowd for Angels platform are not covered by the Financial Services Compensation Scheme (FSCS).
