BidNow, Celebrates Token Listing on Hata Global and Coinstore
- Brenda Hor
- Dec 30, 2024
- 2 min read
A landmark moment for pitchIN, BidNow (pitchIN’s 1st successful Token Crowdfunding (TCF) campaign) , and the Malaysian Web3 community.
KUALA LUMPUR, 28 DECEMBER 2024 – pitchIN, Malaysia’s leading digital fundraising and investment hub, proudly announces their 1st Successful Token Crowdfunding (TCF) Campaign, BidNow successfully lists their token, $BID, on Hata Global and Coinstore. This marks a major milestone for pitchIN, BidNow, and the growing Web3 ecosystem in Malaysia as the 1st digital token approved under the Initial Exchange Offering (IEO) framework to be listed on an exchange.
This achievement highlights a unique feature of Malaysia’s regulatory framework. Malaysia is one of the few jurisdictions that regulates fundraising activities using utility tokens. This presents a unique opportunity for companies to launch their tokens in a regulatory-compliant manner. As a regulated avenue, pitchIN provides a safe space for established Malaysian companies to venture into Web3, and the opportunity for homegrown Web3 startups to raise seed and growth capital from the public in a regulatory-compliant manner.
“The listing of $BID marks a significant milestone for regulated token crowdfunding in Malaysia. BidNow has demonstrated an end-to-end pathway for credible companies looking to venture into Web3 - from token conceptualisation to crowdfunding and listing. We look forward to continue partnering with companies and startups to launch regulatory-compliant digital tokens in Malaysia” said Nicholas Chong, Vice President of Commercial and Product.
Token crowdfunding (TCF) offers investors a unique opportunity to back innovative brands and enjoy both financial returns and tangible benefits. For example, $BID is BidNow’s native token, designed to create value for its holders in multiple ways:
Utility: Benefits and rewards are assigned directly to token holders digitally. They include perks like priority over bids, discounts on services and a loyalty reward system.
Security and Transparency: The use of blockchain technology provides better transparency into transactions and distribution of $BID.
Return on Investment (ROI): Potential ROI comes from capital gains when $BID is sold on an exchange, as well as through community rewards like airdrops. Investors can enjoy quicker exit opportunities and the chance to participate in a vibrant Web3 community.
$BID tokens are currently tradeable, offering investors opportunities to benefit from capital appreciation and additional rewards while being part of BidNow’s growing ecosystem.
pitchIN’s 2nd Token Crowdfunding (TCF) deal, Frac, is now currently pre-live and available for investment. Frac enables companies to offer digital ownership of unique assets, transforming rare items like diamonds or brand IP into fractionalized investments - creating exciting opportunities for both investors and customers.
To start investing in vetted Web 3 deals and technologies, visit pitchIN at www.pitchin.my/token
