Blockchain News

Roobee Investment Firm Initiates the Next IEO Round To Proliferate Into Asia


Blockchain-focused prominent financial technology firm, Roobee has announced the launch of its new Initial Exchange Offering or IEO round with an aim to expand its coverage to the Asian market space.

Roobee works as a reputed blockchain and AI-powered investment platform which was established in 2017 by co-founder Artem Popov. Earlier this year, the leading network raised $5.5 million through crowdfunding and strategically important investments made by the giant crypto investors.

The new IEO of Roobee was kickstarted last week on the notable Asian cryptocurrency exchange, Liquid, and will continue till September 30, 2019. During this process, the firm will lay out an offering of ROOBEE tokens worth 300 million for the investors.

Another reputed cryptocurrency exchange, Livecoin has shown its support for ROOBEE tokens during the sale by offering tokens worth 45 million to its users. With an aim to induce more investors, the exchange has announced that the most active IEO participants during the sale will get a fair chance to win MacBook Pro, MacBook Air, or Xiaomi Mijia Electric Scooter Pro.

Roobee got an amazing support from the biggies of the crypto world which eventually led to the closure of the private rounds in no time, thereby, making the firm cross its minimum target easily. In June, the firm completed its two token offerings on Bitforex and EXMO exchanges successfully. The total amount raised during the token sale accounted to $5.5 million. Later, Bitforex announced the listing of the token on September 23 followed by the lending of support from other crypto exchanges like Liquid, EXMO, and Livecoin.  The platform aims to get listed in Singapore-based cryptocurrency exchange, KuCoin in the near future.

The press release of the company stated that ROOBEE token holders will enjoy an advanced access to an array of investment solutions at lower commissions along with the opportunity to participate in private rounds of exclusive projects namely Telegram’s TON, SpaceX, WeWork, Robinhood, Virgin Hyperloop One, etc.

Roobee boasts of some elite names in the list of its partners and investors. One of the prominent partners of the firm is BitGo which serves as the world’s largest crypto custody provider supported by market leaders like Pantera, Bitstamp and Ripple. Krypital Group is also an active member of Roobee.

In 2018, Roobee organized a series of successful pilot tests in which more than 5,000 people indulged in transfer of over $15 million worth assets in crypto to blockchain investments and venture funds. The company today stands as a community with around 300,000 potential clients aiding in its expansion. The multinational team of Roobee consists of Goldman Sachs, JPMorgan, Lloyds Banking Group, Barclays, Lazada, Sumitomo Mitsui Banking Corporation, and Banca Intesa talents.

Roobee is currently planning a large-scale launch of the private version of the product MVP by 2020, followed by the release of a mobile application.

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