Cryptocurrency

Gigajoule Floating Solutions Unveils Coineal Launchpad for Its GIGJ Token IEO

Gigajoule Floating Solutions, the firm which takes pride in being a revolutionary electricity generator, has broadcasted the news that it will be utilizing the potential of the highly reputed platform, Coineal Launchpad, for its Gigajoule Token (GIGJ) IEO. The firm is gearing up to employ the funds collected through the IEO in capitalizing the execution of the Gigajoule project.

After months of negotiations with several reputed and prominent crypto exchanges, Gigajoule firm is all set to take advantage of the Coineal Launchpad for its long-awaited IEO. Working as a family of more than 2 million users spread across the boundaries of over 40 countries, Coineal has evolved as the perfect choice for the Gigajoule project’s IEO. The reputed platform shines as the first cooperated crypto exchange between China and South Korea. It has a dedicated team of technical experts, blockchain enthusiasts, and virtual currency investors from South Korea and China.

In the announcement, the firm bragged about the market hold of Coineal by mentioning its trading volume statistics revealed by CoinMarketCap. The platform touched a whopping $900 million daily average in terms of trading volume as per the data of the past 30 days. This celebratory achievement made it grab the 4th position globally.

The company highlighted the fact that it has duly complied with all the legal and regulatory frameworks which are obligatory in the case of ICOs and IEOs. The incorporation of the holding company in Malta has been done keeping in mind the high-grade security and trusted judiciary mechanisms for cryptocurrencies niche. Owing to the delay caused due to the fulfillment of the strict KYC and GDPR requirements, the new token sale dates are:

  • Private Sale: Nov 1, 2019–Dec 31, 2019
  • IEO: Jan 2020

About The GIGJ Token:

  • Name of the token: Gigajoule Token
  • Token Base: ERC-20 standard
  • Total Number of Tokens Issued: 65,625,000
  • Total Number of Tokens Offered for Sale In IEO: 52,500,000
  • Standard Token Price: USD 1.00
  • Token Symbol: GIGJ
  • Soft-cap: USD 10,000,000
  • Hard-cap: USD 50,000,000

GIGJ token will be quite similar to the security-token module as it will help the owners to earn lucrative returns from the success of the project. Also, the owners of the token will be subject to an annual dividend of 15% of the total profits earned by the Gigajoule solution.

The Gigajoule platform strives to explore advanced technology in the form of its revolutionary floating power electricity plants, which are capable of producing an output of 528 MW.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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