LATTICE80 announced on Wednesday it is launching an Initial Coin Offering (ICO) platform for startups within the KAYA Network. The company reported it built KAYA Network as a global network of more than 11,000 fintech and blockchain startups in over 100 cities.
According to LATTICE80, the new ICO platform will help startups within the KAYA Network to have access to KYC-completed investors during the capital raise. The platform will also provide a database with due diligence functions that helps investors gain more information to manage their cryptocurrency investment portfolios better.
LATTICE80 also reported that the ICO platform will additionally help educate retail investors about the projects being developed. Startups will be able to connect within the KAYA Network for additional support to ensure a community-based approach. Joe Seunghyun Cho, Co-founder and Founding CEO of LATTICE80, stated:
“The ICO way of fundraising is growing rapidly – with immense support from small retail investors all over the world making it a viable mode. Entrepreneurs are sometimes able to raise 10x the dollar amount in 1/10th the time when compared to the traditional ways of fundraising. While the market is growing, support from institutions for this model of fundraising is currently fragmented if not entirely absent.”
Seunghyun Cho went on to add:
“We at LATTICE80 are thus willing to leverage the KAYA Network to bring stakeholders together onto a single ICO platform to assist each other, supported by our group’s additional experience with traditional venture capital and private equity.”