RAISON Platform to Hold ICO(13:00 Hrs. IST)
MOSCOW, December 7, 2017 /PRNewswire/ --
RAISON project team announces the launch of ICO (Initial Coin Offering) for the development of RAISON, an AI-based mobile platform designed to handle investments and personal finance (token ticker - RSN).
The RAISON platform is being developed by the joint team of Threesixty Elements S.A. professionals in capital management services under the regulation of the Securities and Exchange Commission (US), "Intelligent Information Systems" (IIS), innovative enterprise, the resident of the ITMO Research University, successfully implementing machine learning and AI-integrated systems, as well as NetBox, a software developer.
In February 2018, RAISON plans to provide investors and the market with a prototype platform. The first product version is scheduled to be presented in the spring 2018.
RAISON's unique proposal for its users is a number of integrated services:Synchronization of all the users' accounts in one app; Development of a personal investment portfolio of cryptocurrencies, shares, bonds and funds; Introduction of personal recommendations for financial decisions making based on artificial intelligence technology.
The ICO of the RSN token will be executed in two stages on the decentralized token exchange platform Orderbook. A maximum of 200 000 tokens should be sold during the first round from December 7, 2017 to December 21, 2017; while the total volume of the second round of sales, from February 1, 2018 to February 28, 2018, will not exceed 3.8 million tokens.
RSN token price is nominated in EUR and totals 10 EUR/token. RSN tokens will be available for purchase in both the cryptocurrency and fiat money.
Following discounts are given while purchasing tokens on the corresponding dates:
December 7, 2017 - December 21, 2017 - 25% (max 200 000 RSN);
February 1, 2018 - February 7, 2018 - 15%;
February 8, 2018 - February 14, 2018 - 10%;
February 15, 2018 - February 21, 2018 - 5%.
Each RSN token gives its holder the right to:25% of RAISON-generated revenue: The 4-year aggregate coupon return rate under the adopted financial model averages 276%; Guaranteed token buy-back starting from January 2020: The price is calculated by the following formula - number of RAISON users * 500 EUR * 0.25 / total number of tokens, but not less than 11 EUR per token.
SOURCE Threesixty Elements Press Office