AdBit to launch AdBit Coin ICO by the end of this year

Rage Review : AdBit, a subsidiary of Canadian blockchain startup BitRush, will conduct its first coin offering. The new digital currency is called AdBit Coin, which can fund the development of its advertising platform and ANOON payment platform. AdBit Coin is positioned as the future digital currency of the advertising industry. It can sell and buy advertising space on websites or social media channels around the world. At the same time, it can transform the industry into a peer-to-peer economic model, subverting the current online marketing model.

Translation: Nicole

Canadian blockchain startup BitRush has announced that its London-based subsidiary AdBit is preparing to conduct an initial coin offering (ICO) by the end of this year to fund further development of its diversified payment platform advertising brokerage platform and ANOON payment platform.

During the ICO, AdBit will issue a new digital currency, AdBit Coin, which will allow the sale and purchase of advertising space on websites or social media channels around the world. AdBit Coin can be purchased by advertisers, publishers and investors in the ICO. This means that AdBit Coin will be traded on advanced digital currency exchanges with Bitcoin, Ethereum or other digital currencies.

AdBit Coin is positioned as the future digital currency of the advertising industry. The company believes that its blockchain technology has great potential to disrupt the current online marketing and advertising industry, transforming the industry into a peer-to-peer economy instead of the business model used by Google.

The ICO will begin today with a three-step public discussion to get feedback and attract potential buyers. AdBit launched the ICO website on October 26, 2016. The ICO has been working closely with leading experts in all relevant fields, including technical experts, subject matter experts, lawyers, accountants and investment experts.

BitRush intends to use the ICO to raise enough funds to further develop AdBit and launch ANOON, thereby increasing shareholder value without diluting shareholders or incurring debt.