BidNow, the first successful token crowdfunding (TCF) campaign by pitchIN, has listed its token $BID on the Hata Global and Coinstore exchanges.
With this move, $BID becomes the first digital token approved under the IEO framework to be listed on an exchange.
BidNow’s $BID token offers utility-based rewards such as priority bidding, service discounts, and loyalty perks.
The use of blockchain technology ensures transparency, and holders can capitalise on trading opportunities and community rewards like airdrops.
It also provides potential capital gains for investors when traded on exchanges, offering quicker exit opportunities within a regulated framework.
Following BidNow’s success, pitchIN has launched its second TCF campaign, Frac, which focuses on fractional ownership of unique assets.
Frac allows companies to offer digital ownership of items like diamonds and intellectual property, enabling investors to participate in innovative opportunities.
The campaign is currently open for investment.
“The listing of $BID marks a significant milestone for regulated token crowdfunding in Malaysia. BidNow has demonstrated an end-to-end pathway for credible companies looking to venture into Web3 – from token conceptualisation to crowdfunding and listing.
We look forward to continue partnering with companies and startups to launch regulatory-compliant digital tokens in Malaysia”
said Nicholas Chong, Vice President of Commercial and Product at pitchIN.
Featured image: (From left) Nicholas Chong (Vice President of Commercial and Product), Sam Shafie (CEO of pitchIN), Frankie Goh (CEO of BidNow), Dato Seri Dr Mohamed Azahari (Chairman of BidNow)
