Malta Becomes First to Introduce ICCO


World’s first,’ ‘first ever in history,’ and many other phrases highlighting the novelty can nowadays be often read about the world of blockchains and cryptocurrencies. The small island of Malta became no exception when its Palladium blockchain startup announced the launching of Initial Convertible Coin Offering (ICCO). The project is supported by the largest crypto exchange Bittrex, along with the e‐games betting platform— Unikrn Inc. The money earned during ICCO will be used to create a new crypto exchange.

The startup is launching world’s first regulated coin offering with which investors will be able to transfer tokens to the company’s shares three years after the release of the tokens. This is what makes it different from the traditional ICO.

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