LuxTag’s Equity Crowdfunding Campaign on pitchIN to Accept Bitcoin and XEMDecember 18, 2019
Blockchain startup LuxTag announced that investors will be able to using their Bitcoin and XEM tokens to invest into their equity crowdfunding campaign which is now live on pitchIN.
According to their media statement, pitchIN has obtained approval from Securities Commission Malaysia to enable investments into LuxTag using Bitcoin and XEM.
The tokens will count as non-monetary consideration in-kind and investors will receive LuxTag share equivalent to the value of the crypto tokens in Malaysian Ringgit.
Luxtag is a local blockchain-powered business solution provider in the field of track & trace, authenticity, and business insights.
LuxTag is raising RM800,000 in its equity crowdfunding campaign and will accept subscriptions up to RM2 million. As of December 18, the campaign has raised RM716,200 through combinations of money and crypto token investments. The campaign will run until 31 January 2020.