Seoul based cryptocurrency platform, BOScoin, is hoping to raise $10 million through its ICO (Initial Cryptocurrency Offering) starting May 10. The crowdfunding will last for 41 days. In total, 276,093,688.786 BOScoins will be distributed.
Earlier, BOScoin raised $3 million through its Pre-ICO, in November, last year.
During the ICO, participants can exchange 1 Bitcoin for 40,000 BOScoins.
BOScoin = BlockchainOS + coin
With recent technological advances in genetic engineering, artificial intelligence, and quantum computers, it’s even difficult to predict the next 5 years. BOScoin aims to create a cryptocurrency adaptable in every environment.
BOScoin utilizes executable smart contracts called “Trust Contracts” and has a decision-making body called the “Congress Network” to ensure perpetual adaptation. The BOS Platform aims to accelerate the usage of BOScoin by creating two pre-made apps that use BOScoin: celebrity popularity index “Stardaq” and crowd-sourced decision-making solution “Delicracy.”
“BOScoin is the first blockchain-based cryptocurrency that is designed to evolve. The embedded funding system and voting solution make BOScoin fit for every environment,” said Changki Park, CEO, BOScoin.
Park is the founder of Korea’s financial information portal Paxnet, and has worked at Samsung for 14 years.
BOScoin is managed by the BOS Platform Foundation, a non-profit organization in Switzerland.