Neluns ICO Gets $1.5 Million From The Manhattan Blockchain Fund

Jul 27, 2018 at 07:46 Update Date :Jul 27, 2018 at 07:46 UTC

The Manhattan Blockchain Fund, which is well known for its equity research team and investments focussing on successful ventures, has shown an inclination towards the Neluns company, an innovative financial ecosystem.

Neluns is a new financial ecosystem operating in the spheres of cryptocurrency and fiats using their innovative technology. According to the company, their motto is to provide a positive and supportive environment for the growth of the cryptocurrency industry. The company has three divisions – a Bank, an Insurance Company, and a Cryptocurrency exchange. All the three elements of the organisation work with cryptocurrency and fiat. The firm strives to help customers adapt to new changes in technology, (here, cryptocurrency) and make the most out of it.

The new company attracted the attention of the Manhattan Blockchain Fund recently and the latter proposed to be their anchor investor. The official website of Manhattan Blockchain Fund reads, Now our attention is focused on The Neluns which is a new rapidly developing financial ecosystem. Equity research analysts of The Manhattan Blockchain Fund highly recommended us investing in The Neluns and becoming their anchor investor.”

The initial investment made by the MBF in the Neluns is around $1.5 million.

MBF reportedly said that a lot of potential has been spotted by their team of equity analysts in the Neluns. The goal of the Neluns company is to merge the traditional banking system with cryptocurrency. They act as an intermediary for their users and perform functions of purchasing, making payments, and selling cryptocurrencies. They have also developed iOS and Android Apps which will make these operations easier and faster.

The Neluns company also announced their Initial Coin Offering which will have three rounds: Pre-sale, Pre-ICO, and Main ICO. The NLS token has been designed keeping in mind the ERC20 standard, which is a security coin. The company will offer their holders about 50% dividends which will include profits from the Neluns Ecosystem (the bank, the insurance company and the crypto exchange).

Distribution of dividends will be done quarterly according to the number of tokens one holds out of the total. In addition to this, the NLS token owners will benefit from the bonuses while using the financial products curated by Neluns Co.

The number of NLS tokens to be released during this ICO is 200,000,000, while the base price of an NLS token is 1 USD.

Leave a Reply

Please Login to comment
Notify of