Multiven’s MOM decentralized application will allow private enterprises as well as governments to transact in pre-owned and new IT products. Its ICO to develop the project is doing tremendously well so far.
The company has already developed the first global Blockchain-based marketplace for the 3 trillion USD Information Technology software, services, and hardware industry. It has also crossed the target of its Initial Coin Offering’s soft cap pre-sale (€10 million). The ICO has been launched to raise capital for developing its MOM or the Multiven Open Marketplace.
The decentralized application once developed will allow the government customers and private enterprises to sell and purchase pre-owned and new IT products like routers, switches, servers, IT services, and software licenses etc. on the Blockchain and on a peer-to-peer platform. The transactions will be exclusively powered by smart contracts along with MTCN or Multicoin as the world-wide, single medium of exchange.
The MOM has been specifically designed to be accessible all over the world and circumvents the requirement for intermediaries. As a result, it lowers the operating and acquiring costs of Blockchain and Internet networks significantly. Multicoins, which are ERC-20 compliant tokens from Multiven, are used for conducting transactions on the MOM, Coin Rivet reported.
Multiven Does Not Charge Commission
While the company does not take any kind of commission, a transaction fee is charged by it. A part of this will be utilized for recording the transactions in the ETH Blockchain. The CEO and founder of Multiven, Peter Alfred-Adekeye, said that going past the ICO’s soft cap target of 10 million Euro has been a major milestone for the company.
Multiven wants to add value to the transactions of the private enterprises and its other customers so that more people can fulfill their goals without feeling hassled by the costly IT obstacles according to PR Newswire. The pre-sale period of Multiven is at its final phase now and will continue until October 9.
The post Multiven’s ICO To Develop App For Private Enterprises Raises €15m appeared first on OWLT Market.
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