NEWS Token Sale and Listing Update

Token Sale Update

PressCoin Plc. is delighted to report on it’s NEWS token sale which concluded 18th January. Over the 39 days of the sale USD$24.89 Million was raised through the sale of NEWS tokens.

A total of 51.46 million tokens have been issued, including bonuses. All other tokens will be burned. 7 million of these tokens are reserved for employee and management incentives, to be granted with a vesting period of 4 years.

Exchange Listing Update

NEWS tokens will be listing today on the CointypeX exchange. NEWS will be tradeable in the following currencies:  ETH, BTC, LTC, DASH, USDT and USD.

ICO participants will be able to trade their tokens 28 days after the close of sale.

Important Information For ICO Participants

ICO participants who purchased via PayPal or Bank Transfer are required to complete Know Your Customer (KYC) identification before they receive their tokens. Also, many crypto participants are missing transaction details which need to be updated.

By the end of this week a personal PressCoin profile page will be set up for everybody who registered for the ICO.

NEWS Is A Utility Token

As a reminder, the NEWS token became a pure utility token during the sale. See details here about why we made this change.

Watch out for further updates on PressCoin.