CROWD for Angels investors are being invited to take part in the early stage of an initial coin offering (ICO) to build a platform that helps spot and prevent online scams.
Users of the crowd bonds platform are being invited to take part in the private token sale to help develop CryptoPolice.
Based in Estonia, CryptoPolice aims to use blockchain technology to help users easily spot, report and store scams such as phishing attacks or false ICOs, investment or charity opportunities.
“Having recently developed a range of new product offerings for investors we are delighted to launch our maiden private token sale,” Tony De Nazareth, chief executive of Crowd for Angels, said.
“Our own recent ICO has given us the knowledge and experience to do this, with CryptoPolice being an exciting technology driven company operating in a huge global market.”
CryptoPolice is looking to raise 12.5m tradeable Ethereum cryptocoins called OFCR, priced at $0.045 (£0.034) each.
Crowd for Angels registered members can participate in the private sale stage from 12 July.
“Crowd for Angels is creating a pool to participate in the private sale stage allowing their audience the best deal that is only available to big investors or institutional investors right now,” Arturs Rasnacis, chief executive of CryptoPolice, said.
“We were impressed by the team’s knowledge and experience of the token, crypto and blockchain markets, with the company’s Financial Conduct Authoity regulation providing us with confidence in their systems and procedures.
“Cybercrime is a growing problem, and with our unique offering we are bringing together the community in order to fight against Internet fraud.”
Read more: Blockchain special feature