Flashnet Technologies, a developer of pre-mined private blockchain designed for use in accounting, loyalty, and security applications, has announced its ‘MEGAFLASH’ token crowdsale. The crowdsale, which will be hosted on the Bittrex Exchange starting today, will support the development of the network.

MEGAFLASH is a counterparty asset in very limited quantity (only 300,000 coins), secured by the Bitcoin blockchain that is used to acquire larger quantities of FLASH. One token can initially be traded for 1,000,000 FLASH coins. The crowdsale aims to raise a minimum of 200 BTC, and will be freely tradeable on Bittrex Exchange shortly after its conclusion.

“Crowdsales are an excellent way to introduce new crypto coins to the community, offering a way to support a worthy project and accumulate some coins right as they’re being introduced,” said Chris Kitze, CEO of FLASH. “We’re excited to see how MEGAFLASH helps bring cryptocurrencies to the mainstream by solving the problems advertisers and marketers face online, and by rewarding Internet users for their time and engagement. This is also a unique opportunity to expand the traditional advertising exchange of publishers and advertisers to include micro-influencers, consumers and merchants and to help advertisers turn ads into long term customer relationships.”

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FLASH has 900 billion pre-mined coins and is built to be given away for free to end-users in limited quantities. It offers incentives to members and functions as a form of network accounting with low cost and fast processing. FLASH is on a private blockchain and built for speed and user friendliness, with features like email lookup and password recovery.