CoiNeal, VECAP Sign Initial Exchange Offering Deal at Consensus 2019

NEW YORK, May 15, 2019 (Newswire.com) - ​​CoiNeal, the premier pan-Asian, currency-trading company of Bineal Technology, and VECAP, the developer of next-generation smart home security systems, have inked an Initial Exchange Offering (IEO) deal at Consensus 2019, underscoring growing interest in listings supported by premier exchanges, especially in the pan-Asian region.

The volume of IEO offerings is quickly increasing, as this type of listings is becoming a favorite with quality projects capable of withstanding due diligence. The practice allows for traders with exchange wallets to participate with closed door token offerings before tokens start trading on a particular exchange.

CoiNeal is currently topping the charts in this niche, executing multimillion raises for companies such as Zerobank, IPWT, Tool, Hint, Red Fox and now VECAP. CoiNeal is rivaling older and larger exchanges with its sophisticated investor base and bleeding edge Launchpad technological platform.

“Initial Exchange Offerings are more sustainable as a listing and fundraising methodology than financial models that preceded them,” said Oleg Poskotin, CoiNeal Listing Director. “Exchanges are a natural filter for projects looking to be listed, as they are interested in quality issuers that can support a sustainable execution of their business model – long term partners.”

VECAP addresses a major issue with smart homes that has to do with IoT vulnerabilities. It takes hackers less than a minute to break into interconnected home devices, including mobile phones, gaming consoles and smart TVs that operate on a home Local Area Network. Loopholes in these devices’ security are hard to harden for an average home user, opening the door for VECAP’s smart, contract-based solution.

According to Bain Research, companies like VECAP that focus on two to three segments of the IoT market will gain the expertise and competitive advantage over generic offers of dominating Cloud Server Providers (CSPs), like Amazon’s AWS, IBM Cloud or Microsoft Azure. Bain found that 80% of vendors target four to six segments of IoT, which limits their vertical expertise.

About CoiNeal:

Based in Singapore, and upholding the “Global exchange, Local presence” motto, CoiNeal is the world leading global digital asset exchange, established by experienced blockchain investors and geeks in early 2018. While being global, CoiNeal puts equal emphasis on localization through globalization and has branches in China, Japan, Korea, Vietnam and Russia. Operating 24/7, CoiNeal sees user satisfaction as its utmost priority, implementing user-centric strategies in product design, operations and marketing. CoiNeal is consistently ranked among the top 10 exchanges on CoinMarketCap, CoinGecko and Coinhills.

Press inquiries: Max Smetannikov, for CoiNeal +1 917 310 3396, max@mvgmain.com

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Source: CoiNeal