12 Apr 2022
Readen Holding Corporation (OTC Pink: RHCO) Announces 3 Million of OkToken Sold within 72 Hours
Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that its cryptocurrency OkToken has successfully started the first stage of ICO phase one, with over 3 million OkToken sold in just 72 hours.
OkToken (oktoken.biz) is an innovative cryptocurrency issued by OkePay New Zealand Limited, which is fully owned by RHCO. It is a token developed for venture capital investors, and it also gives common people the opportunity to invest in venture capital and join the cryptocurrency economy without being overly dependent on traditional cryptocurrencies.
The first stage of OkToken ICO phase one started on 1 April 2022. In its first 72 hours of ICO, over 3 million OkToken were sold at the price of USD$0.10, thus USD$300,000 fund has been raised.
OkToken is based on ERC-20 standard Ethereum-based public blockchain technology. Funding from the sales of OkToken, as well as the profit of the token price’s growth, will be invested in new and existing projects of startups, privately held companies and OTC listed companies. It gives the investors a possibility in the unbelievable upside, as the right investments will be chosen and monitored by a well experienced management team. The accounts and results of the investments will be reported quarterly on OkToken web site.
OkToken assets will be officially held by a regulated custodian, namely Tiger Super Fund SPC. For every OkToken sold, same value of shares of the mentioned companies will be transferred to the custodian to back the price of the token.
The first stage of OkToken ICO phase one will run till 30 June 2022. Investors can register and trade OkToken on its web site (oktoken.biz) as BTC, ETH and USD will be accepted during ICO campaign.
OkToken has also been listed on Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain. It allows users to gain ERC-20 based OkToken by paying Ethereum through the OKTOKEN-ETH pair liquidity pool added to Uniswap. OkToken and ETH holders can also create OKTOKEN-ETH liquidity pool in Uniswap to provide OkToken liquidity and earn fees from transactions.