Initial Coin Offering: Austrian crowd investing platform CONDA starts pre-sale

CONDA already announced its ICO some month ago and now starts its pre-sale. Starting with December 20th people can pre-sign for the new token – the CRWD Token. By implementing the blockchain technology, the company founded by Daniel Horak and Paul Poeltner wants to build the financial market of the future.

CONDA started its crowd investing activities in 2013. So far 94 projects were successfully funded and a total investment sum of 21,12 mio. EUR has been raised. Four years after founding the company CONDA introduces the blockchain infrastructure and offers its own crypto currency: the CRWD Token.

Decentralization and full transparency

During the last years, alternative business funding (e.g. crowdinvesting) increased considerably and with it, more different and non-standardized platforms for ICOs and crowdfinancing are popping up. CONDA believes that the future of financing lies in the power of the crowd. At the moment, the power of the crowd is proving to be on a good path toward fulfilling the existing financing gap, but it is also obvious that it has much more to overcome, such as the lack of decentralization and full-transparency.

“Implementing the blockchain infrastructure is the next logical step to secure transparency and security among crowdinvesting. Our mission is to shape the financial market of the future”, Managing Director Paul Poeltner says.

CRWD Token: the core of all transactions

CRWD Token is the core of all transactions made within the CONDA decentralized platform.

“CRWD Token owners benefit from the positive aspects of the blockchain: full transpareny, security and decentralization”, Poeltner claims.

The token is required for CONDA’s diverse business services as well as for paying the fees thereby incurred. By contrast, investing in the projects processed on CONDA is still made in the respective national currency, e.g. in Euro.

Increasing demand & loyalty program

While all CONDA blockchain solutions require CRWD Token for their usage, the number of platforms and companies using these solutions constantly increases. CRWD Tokens are paid as a percentage from the transaction volume, i.e., 0.5% of the invested amount. As a result, this will lead to a steadily-increasing demand in CRWD Tokens. Thereby, the demand for tokens and their value are also steadily increasing. CRWD Token owners can make profit by trading their tokens on the exchanges.

Another benefit for token owners is the new loyalty program: Companies pay their fees to process their projects on CONDA. 5% of this fee flows directly into the loyalty program, along with 3% of the distributed CRWD Token during the ICO. The CONDA community will be included in the loyalty program and therefore receive CRWD Tokens based on their activities on the platform.

Early Birds can grab the pre-sale bonus

The minimum amount is 1 CRWD. During the pre-sale 1 CRWD equals 1 Euro.

“Tokens will only be distributed during the ICO. Everyone who joins the pre-sale can grab a 20-percent bonus. The official sale starts on March 01, 2018”, Managing Director and co-founder Daniel Horak explains.

Hard facts:

• Pre-Sale start date: December 20th 2017
• Start date CRWD sale: March 01, 2018
• Token Activation: Q2 2018
• Minimum purchase amount: 1 CRWD Token
• Pre-sale price: 1 Euro
• Minimum cap: 1.000.000 EUR
• Unsold tokens will be burned
• There will be no further crowdsale

Get more information and download the lightpaper: ico.conda.online

Media contact:

Stefanie Kurzweil
Semicolon Relations
[email protected]
+43650 3663008