Y Ventures partners blockchain advisory firm Coinsilium to promote ICO

Y Ventures partners blockchain advisory firm Coinsilium to promote ICO

By: 
Samantha Chiew
30/08/18, 11:26 am

SINGAPORE (Aug 30): Y Ventures Group says its subsidiary, Luminore 8, has entered into a blockchain advisory partnership with Coinsilium Group.

Coinsilium is the first blockchain accelerator to list on a recognised stock exchange via an initial public offering back in 2015. It is a blockchain venture builder, advisor and investor in early-stage blockchain technology companies.

This partnership came on the back of Luminore’s initial coin offering (ICO) in July of its AORA Coins of up to US$50 million ($68.3 million). The token is expected to launch in 1H19 and seek to become the world’s first blockchain-enabled global buying platform that enables consumers to purchase real-world products from any online store and marketplace using cryptocurrencies.

This partnership will see Coinsilium providing their blockchain expertise and advisory services to AORA in relation to the ICO. This includes the promotion and marketing for the tokens. Coinsilium will also be advising on the development of the AORA platform.

In addition, Eddy Travia, CEO and co-founder of Coinsilium, will be joining the board of advisors at AORA. Travia has previously advised 15 ICOs that have collectively raised more than US$500 million.

The AORA ICO started on July 31 and will end on Nov 30. Participants can purchase the tokens – priced at 20 US cents – in USD, SGD, Bitcoin and Ether. All participants are also required to go through Know-Your-Customer and anti-money laundering processes.

Cedric Choy, CEO of Luminore and co-founder of AORA, says, ““By augmenting AORA with blockchain technology, we reinvent the e-commerce buying experience for consumers through community-centric product discovery, cost-efficient payments, genuine product reviews and seamless logistics. This solidifies our vision of building AORA into a global buying concierge platform that makes cross-border shopping and product discovery fun, fast and convenient.”

As at 11.25am, shares in Y Ventures are trading 2.5 cents higher at 38 cents.

Singapore's housing dilemma: What are the broader implications?

SINGAPORE (Sept 17): In the past year and a half, the issue of the 99-year leases on Housing & Development Board (HDB) flats has triggered much debate. Now might be a good time to step back and examine what exactly has changed as a result of this debate and what the broader implications are. In fact, this issue could be a major game changer in many areas. Certainly, housing market dynamics will change, there could be shifts in savings behaviour and we are also likely to see major policy changes over time. These are big changes and it is important that Singaporeans have a clear understandin....
Read More >>

Najib to be charged tomorrow for RM2.6 bil in accounts

SINGAPORE (Sept 19): Malaysia’s former prime minister Najib Razak has been arrested today in connection to RM2.6 billion ($860 million) of 1MDB funds deposited into his personal account. According to a press release issued by the Malaysian Anti-Corruption Commission (MACC), Najib was arrested earlier today at 4.13pm at the MACC headquarters in Putrajaya. The former premier will be brought to the Kuala Lumpur Sessions Court tomorrow (Sept 20) at 3.00pm to face “several charges” under Section 23(1) of the MACC Act. The MACC also said that it will cooperate with the police to recor....
Read More >>

HNA explores sale of newly acquired CWT logistics unit

HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion  ($1.4 billion) deal, several people familiar with the matter told Reuters. See: CWT receives formal US$1 bil takeover offer from HNA See: HNA to face $3.1 bil liquidity crunch this quarter See: HNA's fire sale gets into full swing from Hong Kong to London See: HNA Group co-chairman Wang Jian dies after accident in France The sale, if completed, would be the latest in a series of divestments aimed ....
Read More >>