18 Mar 2022
Readen Holding Corporation (OTC Pink: RHCO) Announces the ICO of OkToken
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 it will be relaunching its cryptocurrency, OkToken, and has started the Pre-ICO stage.
OkToken (www.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.
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.
ICO of OkToken will start on 1 April 2022, and Pre-ICO has started this month. BTC, ETH and USD will be accepted during ICO campaign. OkToken will be available on Uniswap in the early stage and seeking more listing on other crypto exchanges.
RHCO announced its decision to stop issuing OkToken in last October, due to the uncertainty on new crypto regulations in China. Since then, the Company has redefined the token project and switch its focus to European market. And due to enormous enquiries from investors and clients about OkToken, the Company realized it is the right time to relaunch OkToken.
Richard Klitsie, CEO of RHCO stated, “New technology like blockchain and cryptocurrencies are delivering enormous opportunities to bring disruptive change to the financial world. Our OkToken introduces a brand-new way of venture capital investment and enables all parties to trade on an equal basis. The Pre-ICO and ICO stages of OkToken are great opportunities for investors to be involved from the very beginning, and we strongly believe they will be investing in the next unicorn. We're going to change VC investing forever.”