Another day, another ICO.
This time it’s eLocations, which announced Wednesday the start of the presale of its security token. The Swiss online real estate company wants to raise 50 million euros, or nearly $58 million, in the ICO, with the proceeds going toward expansion.
The company plans “ultimately to leverage blockchain technology, reducing the delays and mistakes that can hinder the wider real estate market today,” said CEO and founder CEO Marc C. Riebe in a press release.
Holders of the eLocationsCoin, or eLOC, will receive up to 20 percent of the company’s future net income, bu there’s an additional bonus if you buy during the presale: a “bonus of up to 30 percent.” The company gave no further details on this. The public sale of the eLOC coin is set to start at the end of this year.