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Coinmetro acquires Ignium to boost its fundraising capacity

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It is reported that Coinmetro, the cryptocurrency exchange, announced on Tuesday that it will acquire Ignium, a blockchain-based social fund-raising platform. …

Coinmetro acquires Ignium to boost its fundraising capacity

It is reported that Coinmetro, the cryptocurrency exchange, announced on Tuesday that it will acquire Ignium, a blockchain-based social fund-raising platform. The statement said that Coinmetro had purchased 71% of Ignium’s shares as of February 3 and planned to purchase the remaining shares by the end of April. Coinmetro disclosed that the acquisition was worth 4 million euros ($4.3 million).

Coinmetro, a crypto exchange, bought Ignium, a social fund-raising platform, for US $4.3 million

Interpret the above information:


The acquisition of Ignium by Coinmetro, the cryptocurrency exchange, marks another step forward in the evolution of blockchain technology as it seeks to reshape traditional fundraising models. According to a statement issued by Coinmetro, the purchase of 71% of Ignium’s shares was finalized on February 3, with the remaining shares set to be acquired by the end of April. The acquisition came at a cost of 4 million euros ($4.3 million), which highlights the importance of this deal in Coinmetro’s strategic vision.

Ignium is a social fundraising platform that uses blockchain technology to enable civic organizations, non-profits, and community groups to raise their funds online in a transparent and secure manner. The platform’s blockchain-based payment system eliminates intermediaries, reduces transaction costs, and ensures greater accountability and transparency for all involved. By acquiring Ignium, Coinmetro aims to integrate its blockchain features into its existing operations, which will extend its capabilities to fundraising and the creation of decentralized autonomous organizations (DAOs).

Coinmetro’s acquisition of Ignium reflects the growing demand for blockchain solutions that address the shortcomings of traditional fundraising methods. Over the years, traditional fundraising has faced many challenges, including the fact that intermediaries, such as banks and payment processors, have significant control over the process. This often results in increased transaction costs, limited transparency, and restricted access to fundraising opportunities for smaller organizations.

The acquisition of Ignium by Coinmetro is expected to increase the adoption of blockchain-based fundraising among a wider range of organizations, especially those looking for more efficient and low-cost options. It will also lead to the development of smart contracts and decentralized decision-making processes that will eliminate the need for multiple intermediaries in the fundraising process. Coinmetro’s ambition to expand its services to include fundraising highlights the growing importance of blockchain technology in transforming traditional industries and opening new market opportunities.

In conclusion, the acquisition of Ignium by Coinmetro is a significant development in the blockchain fundraising space for its potential to eliminate intermediaries in traditional fundraising and create more access and transparency for smaller organizations. The deal, worth 4 million euros, is expected to propel Coinmetro to the forefront of the blockchain innovation in fundraising and the creation of DAOs.

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