The blockchain service company Uulala has partnered with Mexico-based Kapytal Exchange and announced an alliance to launch the first Initial Exchange Offering (IEO) for operational tokens in Latin America.
Most of the projects that wish to enter the cryptographic ecosystem carry out a pre-sale campaign for their tokens known as ICO in which they offer the digital assets at a price below that which will be at the official time of the launch on the exchanges.
However, the IEO operations modality raises several irregularities of legal nature; as well as security and visibility challenges. The initiative proposes a much more direct way so that interested investors can get to know the new projects and invest in a safe way, without risks of secrecy and lack of guarantees.
It is worth emphasizing that large companies such as Binance, Bitmax and Bittrex already have their own IEO platforms, but none have headquarters in Latin America. Investors will have to operate in harmony with legal frameworks that conform to those that must be applied to the region.
The companies chose Mexico as the headquarters for the IEO because it is the country with the largest Fintech economy in the region. Uulala already has a certain trajectory within the nation and has already established strategic alliances to begin operating as soon as possible with the interbank electronic payment system SPEI of the Central Bank of Mexico.
L.Sáenz
Source: Diario Bitcoin
