Unique Hybrid of Traditional Investors (Including 10X Venture Partners) and Bitcoin Crowdsale of Tokens Already Makes All-Time Top 10 for a Crypto Crowdsale
BOSTON, MA--(Marketwired - Dec 23, 2014) - Ziftr®, a New Hampshire-based company that develops products, tools and apps to revolutionize the shopping experience, sold 3,611,807 ziftrCOINs™ for a total of $500,000 US during the first 10 days. This includes a purchase of $150,000 of tokens by a New Hampshire-based traditional investment firm, 10X Venture Partners, on the first day of the presale.
"We're very excited about the participation so far in the ziftrCOIN presale, and especially encouraged by the fact that a traditional VC group like 10X Venture Partners has contributed so generously," said Bob Wilkins, CEO of Ziftr and ziftrCOIN. "We've already received so much support from the cryptocurrency and traditional business communities, and I'm excited to see the continued success of our presale."
ziftrCOIN is an innovative altcoin designed to onboard the next 10 million cryptocurrency users and help Ziftr bring cryptocurrency into the mainstream for consumers and retailers. Ziftr has already put millions of dollars into developing a suite of tools and applications that will accomplish this goal, and the funds raised during the ziftrCOIN presale will go directly toward making this happen. The ziftrCOIN presale runs until Jan. 23, 2015, (or sooner, depending on when the coins run out) at http://www.ziftrCOIN.com/presale.
10X Venture Partners is a seed stage (and beyond) investment group that invests predominantly in mobile, Internet, wireless, security, medical technology and green technology markets in the New England region. Portfolio companies include Nanocomp Technologies, Inc., Coach Up and ApplyKit.
"We believe strongly in the future of cryptocurrency in general and the unique position Ziftr holds to bridge the gap between mainstream consumers and cryptocurrency adoption -- particularly for online commerce," said John Gargasz, manager at 10X Venture Partners. "ziftrCOIN is one component of a comprehensive Ziftr strategy which we look forward to see playing out over the coming year."
During the ziftrCOIN presale, ziftrCOINs start at just 1 BTC for 1,600 ziftrCOINs and will gradually rise to 1 BTC for 533 ziftrCOINs. Participants have the opportunity to receive exclusive rewards in exchange for their contributions, including a limited-edition, cold-storage coin or a ziftrCOIN mining rig. All purchased ziftrCOINs will become available for use in February 2015. In late 2015, Ziftr will give away 300 million ziftrCOINs free of charge (a maximum of 100 ziftrCOINs to each individual) so that everyday consumers can begin familiarizing themselves with cryptocurrency. Each ziftrCOIN will have a minimum redemption value of $1 when used within Ziftr's retailer network, functioning similarly to a coupon.
To purchase ziftrCOINs through the ziftrCOIN presale, visit http://www.ziftrCOIN.com/presale.
ziftrCOIN, the first digital currency developed for online shoppers, aims to revolutionize e-commerce by putting cryptocurrency into the hands of consumers and enabling them to conduct simple, secure transactions at their favorite online retailers. For more information about ziftrCOIN, visit: www.ziftrCOIN.com
Established in 2008 and based in Milford, N.H., Ziftr revolutionizes the online shopping experience through the development of innovative products, tools and apps that make life easier for both consumers and retailers. The company's first tools, a browser add-on and mobile app that connect shoppers with the best deals at their favorite online retailers, have had more than 2.5 million downloads.
Ziftr is a product of myVBO®, a full-service design, marketing and development company that helps businesses turn their ambitions into realities.
For more information about Ziftr, visit www.ziftr.com.
About 10X Venture Partners
10X Venture Partners is a seed stage (and beyond) investment group that commits operational experience and dollars to portfolio companies predominantly in the mobile, Internet, wireless, security, med tech and green tech markets. For more information about 10X Venture Partners, visit http://www.10xvp.com/.
All statements in this release, other than statements of historical facts that address future ziftrCOIN availability, or developments that the ziftrCOIN expects are forward looking statements. Although the Corporation believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market volatility; continued availability of capital, financing and personnel; government regulation and laws; and general economic, market or business conditions.