Bidnow, an online auction platform, is joining forces with pitchIN, a registered Recognised Market Operator (RMO) that operates a Token Crowdfunding (TCF) platform, and Gambit Custody, a digital asset custody platform, to collectively educate the public on Token Crowdfunding, digital asset investments, and the crucial significance of secure digital asset storage. In this strategic collaboration, Bidnow, known for its comprehensive auction platform, is poised to contribute to Malaysia's digital asset ecosystem by conducting a token fundraising event on the pitchIN platform.
Token crowdfunding is a cutting-edge way for businesses to raise funds by selling digital tokens to investors. These tokens can be designed to provide different rights and features to investors. Unlike ICOs (Initial Coin Offerings), where tokens are sold directly by the project team to investors, in TCF, the registered platform acts as an intermediary and facilitates the token sale. In this case, pitchIN will be the recognized token crowdfunding platform for Bidnow. It is crucial to note that Bidnow's token sales are contingent upon receiving approval from the Securities Commission Malaysia.
Positioning itself as a prominent online auction platform in Malaysia, Bidnow asserts a user base exceeding 20,000 and a network of 8,000 real estate brokers. As part of its strategic plan to become the inaugural Token Crowdfunding (TCF) issuer in Malaysia, Bidnow envisions the implementation of a blockchain-powered token-based loyalty and rewards system. This innovative approach will empower Bidnow's users to leverage $BID tokens for diverse services, including membership subscriptions, transaction fees, and incentives for real estate agents.
To kickstart this initiative and promote awareness, a series of webinars and workshops are set to be jointly hosted by Bidnow, pitchIN, and Gambit. Taking place from 19th February to 3rd March, these educational sessions will provide insights into the crypto market, digital assets, and the intricacies of Token Crowdfunding. Whether in-person or online, these workshops aim to empower potential investors with the knowledge needed to navigate the evolving landscape of digital assets.
Central to this partnership is a dedicated commitment to regulatory compliance. Bidnow has chosen pitchIN and the Gambit platform for their unwavering adherence to the most stringent regulatory standards. This collaboration represents a notable stride in promoting education and comprehension within the digital asset landscape.
