- This is an industry record that highlights the interest of funds and investors in B2M, the cryptocurrency created by Bit2Me
- Bit2Me will invest part of the money raised in strengthening its R&D department and boosting its international expansion.
- Holders will receive discounts of up to 90% on certain commissions and services.
- Moreover, they will also be able to lend their Digital Assets to others, with a significant return if they do so in B2M token.
- Users who make purchases from Bit2Me partners with their card will be reimbursed a percentage of the purchase at the end of the month.
Madrid, August 02, 2021 — Spanish cryptocurrency platform Bit2Me has announced the launch of B2M, a utility token, proprietary exchangeable on the Ethereum network, with which it aims to accelerate its international expansion. The company has launched a seed round among private investors in which it has raised an industry-record €2.5 million. This is the step before the public sale, which will take place in September.
Bit2Me’s main objective is to position itself as the pioneer comprehensive solution for crypto assets, ranging from learning, dissemination, information, and current affairs to, of course, the management and operation of cryptocurrencies and tokens.
With more than 20 solutions and its own Token, Bit2Me seeks to continue facilitating the adoption of crypto to any interested party, not only in Spain, where the startup is a pioneer but also in Europe and other continents.
The company will issue a total of 5 billion tokens with a nominal value between €0.01 and €0.002 per token. The public issuance will begin on September 6, 2021, and end on September 30, 2021. The tokens can be purchased through the following website https://bit2me.com/token, where you can also access the project’s whitelist and whitepaper. Bit2Me will create a Telegram channel to keep you informed about everything related to B2M.
Token Attributes
Holders of the required balance of B2M tokens will enjoy a discount of up to 90% on services such as exchanges in Bit2Me Wallet and Bit2Me Trade, legal tender deposits and withdrawals, Bit2Me Card issuance and use, training at Bit2Me Academy, blockchain transfers, and OTC trading.
In addition, users will be able to pay the applied fees with their B2M Token balance. By doing so, they will get an even greater discount on each Suite fee. A combined fee scheme will be implemented between the amount of B2M Tokens held and the volume traded in the last 30 days.
Moreover, Digital Assets may be lent to third parties in exchange for the corresponding return. These users will obtain advantageous conditions on this service if they decide to collect these returns in B2M token. Users who make purchases from Bit2Me partners with their card will be reimbursed a percentage of the purchase at the end of the month. This percentage will be higher for those users who have tokens in their balance and want to receive this refund in tokens.
Governance and Advantages for Token Buyers
Bit2Me may include the functionality to use the B2M token to allow users to vote on Suite features, such as new cryptocurrencies, adding merchants to the marketplace and debit cards refunds, supported protocols, Academy articles, and system integration to get profit from certain crypto assets (staking), to give just a few examples.
On the other hand, access to some of the new cryptocurrencies and features in the Bit2Me suite may be offered first to token holders, as well as to airdrops from partner projects that seek to work with their user base.
Investment in R&D and Company Expansion
Bit2Me will use a significant part of the money raised to grow the R&D team to offer improvements through its services Suite. This mainly includes recruiting experts and developers, technical patents, and the protection of intellectual property rights. In this way, the company will be able to add new protocols and blockchains to its ecosystem in an agile and escalated way.
Bit2Me’s objectives also include the expansion of its model to other geographical areas to build the ecosystem and provide commercial value in Spain, the European Union, Latin America, and Africa. In addition, Bit2Me will allocate resources to publicize its tools and to disseminate cryptocurrency technology to let users know its advantages and to achieve brand recognition. Another important part of the money will be used in sizing the sales and operations teams.
Highly Qualified Staff
Bit2Me has a highly qualified staff, which has been recently reinforced with the addition of Zeeshan Feroz as a strategic advisor. Zeeshan, who has extensive experience in the world of cryptocurrencies as he was responsible for establishing and growing Coinbase’s business outside the US, now works closely with Leif Ferreira, founder and CEO of Bit2Me, and Andrei Manuel, member and founder of the platform.
Other renowned professionals that are part of the Bit2Me team are Rodolfo Carpintier, entrepreneur and Internet key figure in Spain, as well as former investor in Tuiter and BuyVIP, companies acquired by Telefonica and Amazon; Pablo Casadio, investor with more than 20 years of multinational experience in various fields of FPA & BD for Otis Group, FSO at E&Y, and Capital Markets at PWC; and Koh Onozawa, entrepreneur and director at Docuten. In addition, the venture capital fund Inveready also participates in the operation.
Bit2Me has more than fifty cryptocurrencies in its platform, including Ethereum, Cardano, Polkadot, Dogecoin and Uniswap, to name a few. Besides digital currencies, its wallet supports euros. Furthermore, Bit2Me has carried out operations worth more than €1 billion and has active clients in more than 100 countries.
About Bit2Me
Bit2Me is an industry-leading company in the cryptocurrency sector in Spain. Its Suite of services includes more than 20 solutions to buy, sell and manage virtual currencies and euros from a single place, safely and easily. The company has private customers, professionals, and companies in more than 100 countries and has managed operations worth more than €1 billion since being founded in 2015. In January this year, FORBES magazine selected Bit2Me as one of the companies in Spain that will drive change in 2021. Since its creation in 2015, the company has received several awards in the financial sector such as ‘Winners of the World‘, in the Visa-sponsored international competition; ‘Best Spanish startup 2015‘, by CaixaBank; or ‘Best Business Model‘ awarded by Deloitte. In addition, the European Commission has invited Bit2Me on multiple occasions to present and discuss Blockchain technology and bitcoin.
One of the first initiatives of the company after its birth was the creation of Bit2Me Academy, which trains more than 1.7 million students every year. Bit2Me Academy is currently the largest cryptocurrency training portal in Spanish, with more than 400 free articles, certified courses, and videos for those interested in learning about the birth, operation, and evolution of cryptocurrencies and the world of blockchain.
