Bitcoin News

Vio teams up with Eidoo on token sale in effort to become African remittance player

Vio, the innovative digital P2P transfer platform powered by Ethereum and Visa Direct has today announced an exclusive partnership with Eidoo in order to launch a utility token sale on February 19th 2018.

By harnessing the power of mobile phones and reducing dependency on cash as the starting and end point for P2P transfers, Vio aims to become the leading digital platform for remittances in Africa (www.viome.io).

Vio’s P2P money system utilises the Ethereum blockchain as a mechanism to instantly send and receive funds (domestically and internationally) and Visa Direct in order to disburse fiat currency seamlessly, securely and quickly into a user’s Visa Debit card.

Held exclusively on the Eidoo ICO Engine, the Vio token sale will start from 12 PM GMT on 19th February 2018 and will end on 2nd March 2018 or whenever the hard cap is reached. 250M VIO will go on sale at a rate of 10,000 VIO token per 1 ETH. By using Eidoo, Vio is choosing not only a higher level of security for token sale participants but also a smooth user experience.

To participate in the Vio token sale, contributors just need to download Eidoo’s user-friendly cryptocurrency wallet on their smartphones. The Eidoo mobile app is free, and both available for iOS and Android. Contributors will also have to KYC (Know Your User) their profile via Eidoo’s ICO Engine. This can be whitelisted prior or during the token sale.

In March, Vio will also provide an airdrop of VIO tokens for all Eidoo wallet users, including those who have participated in the Vio token sale, which will be distributed accordingly between the Eidoo wallet users.

Eidoo successfully launched its own ICO using the ICO Engine platform raising $27.9 million and has subsequently been used by other startups to fundraise in the crypto world, including EthLend and AidCoin.

Startups fundraising on Eidoo’s ICO Engine are exposed to higher visibility due to the popularity of the Eidoo app, which has now been downloaded 200,000 times since the start of October 2017. With a hybrid exchange, Bitcoin wallet, Eidoo-branded debit card, and a raft of innovative add-on services in the pipeline, use of the Eidoo app will continue to increase at a significant rate.

Moosa Motala, Vio’s Director of Payments, said, “Vio’s Team believe that Eidoo has proven itself as the go-to platform for token sales, ensuring an unrivaled level of security and ease and use for participants. Vio is looking forward towards the launch of this collaborative partnership.”