{"id":367895,"date":"2019-05-15T04:14:03","date_gmt":"2019-05-15T04:14:03","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=367895"},"modified":"2019-05-15T04:14:03","modified_gmt":"2019-05-15T04:14:03","slug":"unfoldu-group-to-launch-100-mn-sto-offering","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/unfoldu-group-to-launch-100-mn-sto-offering_367895.html","title":{"rendered":"Unfoldu Group To Launch $100 Mn STO Offering"},"content":{"rendered":"
\"Unfoldu<\/a><\/div>\n
Unfoldu Group is proposing to raise US $100 mn through a blockchain Securities Token Offering to finance its mega school based online education platform. <\/div>\n

Unfoldu Group Limited, Seychelles, the leading India focused online school education platform is proposing to launch US $100 mn Securities Token Offering (STO) in June this year. The company is currently trading at a valuation of close to US $5 billion or INR 35,200 crore.<\/p>\n

Unfoldu intends to cash the sudden boom in the blockchain market.<\/p>\n

The company will release its white paper early next week covering the details of its business plan.<\/p>\n

As per management sources, Unfoldu will use raised investments for the purposes of business expansion and marketing of its educational services in India.<\/p>\n

The company is also proposing to pilot test its online school education platform in the US and Canada in the coming few months.<\/p>\n

Unfoldu ERC-20 tokens (Symbol: UNFLD) is already listed on InstantBitex exchange and is planning to list on two more exchanges, one of which will be a crypto OTC exchange which will allow investors to buy or sell tokens via phone call or a direct message to their relationship manager irrespective of their investment size. The OTC crypto exchange will also act as a custodian for the investors who finds it difficult to manage wallets and the private keys associated with it.<\/p>\n

The total supply of UNFLD tokens stands at 1 trillion tokens, out of which 50% is already issued. The company proposes to burn up to 35% of its total supply post fund-raising to boost up the price. <\/p>\n

In the near future, the company may also use its tokens as a currency to transact on its online education platform which will further enhance the liquidity in the tokens.<\/p>\n

As per the reports, the UNFLD tokens are priced at $0.01 and will be available to the accredited investors via private placement facilitated through a network of crypto broker dealers in the United States.<\/p>\n

Parallel to the ongoing process, the company is also exploring the possibilities of conducting an Initial Exchange Offering (IEO) and is in talks with few of the leading exchanges.<\/p>\n

The company through this offering will target investors interested to infuse money in the populous country like India where education is a vital need and is one of the most profitable business.<\/p>\n

“A school student goes through lot of hardships like traveling back and forth from the school and competing against other students in a stressful environment. Unfoldu helps a student to learn through graphically engaging content without the need of investing in the private classes or traveling from point to another. A student can study at is own luxury and grasp concepts in a far superior way in comparison to the traditional modes of learning,” said Harish Bajaj, Chairman, Unfoldu Group.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Unfoldu Group Limited
Contact Person:<\/strong> Neeru Arora
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 085588 23702
Address:<\/strong>F 384 Industrial Area, Sector-90
City:<\/strong> Sahibzada Ajit Singh Nagar
State:<\/strong> Punjab 140307
Country:<\/strong> India
Website:<\/strong> www.unfoldu.com<\/a><\/p>\n

<\/object><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Unfoldu Group is proposing to raise US $100 mn through a blockchain Securities Token Offering to finance its mega school based online education platform. Unfoldu Group Limited, Seychelles, the leading India focused online school education platform is proposing to launch … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-367895","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/367895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=367895"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/367895\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=367895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=367895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=367895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}