DUBLIN, Ireland, October 01, 2021 (GLOBE NEWSWIRE) – Akt.io, the European fintech start-up founded by the Automata Group, has launched a public Initial Coin Offering (ICO) for early investors in their AKTIO-Coin in Ireland . The ICO is an innovative fundraising method that uses blockchain technology to dispense digital assets.
Eligible investors receive a bonus of 12.5% on coin purchases and the opportunity to access exclusive benefits of the akt.io app membership.
The akt.io app, slated to launch publicly in early 2022, will issue IBAN accounts that members can use to earn, invest and pay for fiat currencies, cryptocurrencies, stocks and other assets with a single application. Members can pay in directly with their invested capital with the Wealth Card. The Wealth Card is based on the cutting-edge technology of the WealthHub, a multi-route asset exchange that enables the immediate direct trading of financial assets within the akt.io platform (e.g. crypto to EUR, stocks to crypto, EUR to goods etc.).
Automata Group’s CEO & Founder Gaël Itier previously worked with a team of analysts who led the development of quantitative models and applied modern portfolio allocation methods for high net worth individuals. It was then that he discovered that the same type of algorithmic trading that is used to manage portfolios for high net worth individuals can also be applied to the retail market.
Itier has been working on the development of the WealthBot, an AI-supported, algorithmic trading function that represents another core of the app’s functionality, since 2017. The algorithm automates investments based on the investor’s risk profile and has shown that it can drastically reduce risk in a bear market. This feature is only available to Premium and Elite app members.
Itier says, “We are on a mission to eliminate traditional financial institutions and give individuals power over their financial futures. Our private ICO has been a great success and we are excited to bring this investment opportunity to a wider community. The money, that we collect will allow us to continue to scale, recruit the best talent and guarantee the success of this ambitious project. ” The company’s ambitious goal is to reach 1 million members by the end of 2022 and 3 million by the end of 2023.
In addition to the bonus of 12.5%, the first 1,000 investors who buy AKTIO coins worth € 10,000 in the Irish ICO will receive access to a lifetime premium app membership. The first 1,000 investors to use AKTIO coins worth € 50,000 in the Irish ICO will unlock access to Elite App membership. All participants receive a clear referral link which, after activation, generates an additional 5% on all recommendations for buying coins. The offer has a fundraising cap of $ 27 million.
akt.io is presented by the Automata Group and aims to transform the financial world through the use of cutting-edge technologies that enable members to make direct payments with the capital invested, automate their investments with intelligent algorithms, and generate income with their digital assets achieve a single mobile app. Since its inception in 2017, the company has raised over 7 million euros and opened offices in Sophia-Antipolis, Paris, London, Dublin and Berlin.
Yael Kusch, Head of Communication