Boom, a social e-commerce platform, is offering to investors, the opportunity to acquire multi-coins (MTCN), its ecosystem native token, following its successful launch in Nigeria and France.
The company made the disclosure in a statement signed by Mr Peter Alfred- Adekeye, its Founder, on Tuesday in Lagos.
Boom is a blockchain-powered ecosystem that connects the 1.7 billion unbanked in the world, as well as those seeking a safe, no-fees alternative to existing commerce to global brands.
The MTCN, Boom native token is an ERC-20 utility and governance token, built on the Ethereum blockchain that transmits value between transacting parties within the Boom ecosystem.
According to Adekeye, MTCN is required to process all transactions within Boom.
He added that governance rights are attached to MTCN allowing holders to participate in decisions regarding Boom development and technology roadmap.
Adekeye said that to inject liquidity into the eco-system, Boom would be offering a limited number of MTCN to qualified investors between July 18, 2022, and July 31, 2022.
“The out of beta version of Boom will be available for all in October 2022.
“All prospective qualified investors satisfying Boom investment requirements are invited to connect to the Investors page.
“To ensure a safe and secure ecosystem, all users on Boom are KYC’d at signup,” it said.
NAN also reports that Philippe Leroi is Boom’s Vice Chairman, Aurelien Bricout is the Chief Financial Officer, Gebsy Villarroel is Chief Marketing Officer.
Boom Advisory Board Members in Nigeria are Elvina Baby Ibru, Ladi Soyode and Raymond Dokpesi.
