Blockchain Adoption in Cashback Service Site  	-COINCOME/ Makers Farm

Blockchain Adoption in Cashback Service Site -COINCOME/ Makers Farm

COINCOME, a Singapore-based blockchain project for cashback site managed by Makers Farm, is aiming at raising around USD 40m for its ICO, Makers Farm 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.

COINCOE’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.

The proceeds via ICO will be used mostly for marketing promotion and expanding platform services, along with original blockchain[IS8]  developments[IS9] , according to its white paper.

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.

Makers Farm would be open to approaches from various investors such as VCs if new partnership would help expand its business with a speed, Kanemitsu said.

Established in May this year, Makers Farm develops cashback service site COINCOME, and its services will be available via COINCOME’s token CIM.

“Blockchain would be one of the key technologies further to improve the quality of existing cashback [IS11] service platforms for users”, Kanemitsu, who previously worked in digital marketing space for years, said, adding that the project is also aiming at providing convenient cryptocurrency payment services  via COINCOME.

Makers Farm already builds a tie-up with e-commerce providers such as Amazon, Apple, and Rakuten  for its COINCOME business. The company, which currently has over 300 tie-up partners, is aiming to expand its number up to around 1,000 in a few years further to expand its services, Kanemitsu added.

An annual market scale in global cashback services industry is around USD 90bn, with core markets and players in US, UK, and Japan, according to COINCOME’s published documents.

In addition to current major market in cashback site space such as US and Europe, Singapore would also have new potentials, given the certain number population, EC market scale, the advancement of cashless payment, and crypto-friendly atmosphere Kanemitsu said, when asked about the geographical background on the service launch.

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

https://cimcome.io/