COINCOME, a Singapore-based blockchain project for cashback site managed by Makers Farm, is aiming at leading global cashback service market, CEO Yoshihiro Kanemitsu said during the interview by TokenNews.
The project would plan raising around USD 40m for its ICO, and the proceeds via ICO will be used mostly for marketing promotion and expanding platform services, along with original blockchain developments, Kanemitsu added.
COINCOME’s ICO public sale will start around October this year, Kanemitsu said.
The project has already received the listing approval from various crypto Exchanges Kanemitsu explained, while declining to comment on its listing timeline.
Makers Farm made a strategic partnership agreement with MBK(TYO: 3121), a listed Japanese boutique merchant banking service company, according to MBK’s recent announcements. MBK would provide ICO advisory services via its subsidiary MBK Blockchain to Makers Farm per its business alliance.
Established in May this year, Makers Farm develops cashback service site COINCOME, and its services will be available with COINCOME’s token CIM.
An annual market scale in global cashback services industry is around USD 90bn, with core markets and players in US, UK, and Japan, along with cash-rich growing peers in South East Asia, according to COINCOME’s published documents.
The timeline for COINCOME’s beta site would launch around by this year-end, and the project is aiming to generate gross revenue of USD 1.8bn, globally, in 3 years via its EC and cashback site business.
by Genta Nakanishi