Blockchainoid Launches Initial Coin Offering for BOID Token

Cryptocurrency trading platform Blockchainoid officially launched its Initial Coin Offering (ICO) for its BOID token on November 9, 2017. The sale is scheduled to conclude on December 17, 2017, with tokens priced at $0.70.

The Blockchainoid platform facilitates trading of various cryptocurrencies, including Bitcoin and Litecoin, and allows for global money transfers. The company aims to enhance cryptocurrency utility, offering token holders plastic cards for ATM withdrawals up to $5,000. Token holders can also earn interest on their holdings through the BOID lending program.

Blockchainoid stated that the ICO is designed to allow investors to participate in the company's future growth, diverging from traditional venture funding models. The initiative seeks to build a community where individuals can contribute to the company's development.

The BOID token is intended to serve as the backbone of the Blockchainoid network and integrate into future financial services. The company also plans to offer white-label prepaid card solutions for businesses.