StockRadars, a fintech startup based in Thailand, announced they are raising $12 million via a digital token sale, more commonly known as Initial Coin Offering (ICO), of 120,000,000 pre-mined Carboneum (C8) Tokens to develop a world-class decentralized social trading platform called CoinRadars.

Max Kortrakul, CEO and Co-Founder of StockRadars, told the media the company’s commitment to its mantra ‘Investing made simple’ inspires him and his team to develop an open protocol named ‘Carboneum’, in which the first-ever social trading platform in Thailand will be built upon. The platform will be strictly for digital asset and cryptocurrency trading at the initial stage but it would incorporate other products, such as stocks, once the regulatory framework is in place to support the concept. Regional and global expansion is also in the pipeline but primary focus of the platform will first and foremost be in Thailand.

Social trading is an investment concept where a centralized platform allows users to choose expert traders to follow, and duplicate the trades executed by leading traders to their account automatically. Not only this idea helps simplify investment process for beginners, it would also provide career opportunities for amateur traders. Unlike other traditional social trading platform, CoinRadars’ fee structure will ask the users to pay only when the copied trades yield positive results. This payout scheme is believed to help revolutionize the investment landscape one has never seen before in Thailand. This also marks the first time CyberAgent Ventures has its portfolio company undergoing an ICO, ever.

The Carboneum (C8) pre-sale starts on 22 March 2018, while the public offering will take place on 22 April 2018.

For further information, please visit carboneum.io or facebook.com/StockRadars and Telegram: @carboneum_io

Apart from the ICO announcement, Max also revealed other important milestone the company has achieved on ‘StockRadars Day’ such as 680,000 app downloads, 10 local and regional brokerage partners and 76 versions updated since launched. Chief among them is the exclusive partnership with LINE Thailand, the provider of a market-leading chat application, in developing a service called LINE FINANCE and together they have accumulated almost 5 million users. With the help of StockRadars’ technology and partnership with leading brokerage companies like Krungsri, Yuanta and Globlex, LINE users can now buy and sell stocks inside LINE application.

Also important is the announcement of successful joint-venturing effort with the fastest growing investment community Long Thoon Man, coupled with the most recent partnership with Bloomberg. These strategic moves would help improve the quality of content and strengthen community engagement for StockRadars, bringing the company one step closer to its never-ending mission of ‘Investing made simple’.

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City: Bangkok 10310

Country: Thailand

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