Crowd for Angels offers new investors free cryptocoins
CROWD for Angels is offering free ANGEL tokens to new investors who sign up, as its initial coin offering (ICO) approaches the end of its offer period.
The peer-to-peer lender is looking to raise £50m for a Liquid Crypto Bond that will pay investors annual interest of four per cent over five years and gives investors ANGEL cryptocurrency tokens through the ICO that can be traded on external exchanges or used to invest in further projects.
Any investor signing up to the platform until the end of April is also being offered 100 free tokens.
“We would like you to be more engaged on our platform and we are delighted to offer you 100 free ANGEL tokens if you go the next step of registering as an investor,” Tony De Nazareth, founder of Crowd for Angels, said in a message to newsletter subscribers.
“You will be entitled to a further 200 ANGEL tokens when you make your first investment.”
The ICO period for the Liquid Crypto Bond closes at the end of March.
The minimum investment in the bond is £100 and it can be held in an Innovative Finance ISA.
Each initial £1 bond raised will have 100 tokens attached, of which investors will receive up to 99 tokens, with Crowd for Angels retaining the balance.
Read more: Blockchain special feature