READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES 3 MILLION OF OKTOKEN SOLD WITHIN 72 HOURS
Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that its cryptocurrency OkToken has successfully started the first stage of ICO phase one, with over 3 million OkToken sold in just 72 hours.
OkToken (oktoken.biz) is an innovative cryptocurrency issued by OkePay New Zealand Limited, which is fully owned by RHCO. It is a token developed for venture capital investors, and it also gives common people the opportunity to invest in venture capital and join the cryptocurrency economy without being overly dependent on traditional cryptocurrencies.
The first stage of OkToken ICO phase one started on 1 April 2022. In its first 72 hours of ICO, over 3 million OkToken were sold at the price of USD$0.10, thus USD$300,000 fund has been raised.
OkToken is based on ERC-20 standard Ethereum-based public blockchain technology. Funding from the sales of OkToken, as well as the profit of the token price’s growth, will be invested in new and existing projects of startups, privately held companies and OTC listed companies. It gives the investors a possibility in the unbelievable upside, as the right investments will be chosen and monitored by a well experienced management team. The accounts and results of the investments will be reported quarterly on OkToken web site.
OkToken assets will be officially held by a regulated custodian, namely Tiger Super Fund SPC. For every OkToken sold, same value of shares of the mentioned companies will be transferred to the custodian to back the price of the token.
The first stage of OkToken ICO phase one will run till 30 June 2022. Investors can register and trade OkToken on its web site (oktoken.biz) as BTC, ETH and USD will be accepted during ICO campaign.
OkToken has also been listed on Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain. It allows users to gain ERC-20 based OkToken by paying Ethereum through the OKTOKEN-ETH pair liquidity pool added to Uniswap. OkToken and ETH holders can also create OKTOKEN-ETH liquidity pool in Uniswap to provide OkToken liquidity and earn fees from transactions.
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Group, RHCO announcement