Bidnow, pitchIN, Gambit collaborate to empower investors through digital asset education

  • Series of webinars, workshops to be jointly hosted from 19th Feb-3rd Mar
  • pitchIN will be the recognized token crowdfunding platform for Bidnow

(L2R) 1) Mohamed Azahari Mohamed Kamil; Advisor, BidNow; Frankie Goh Chee Keong; Founder and Managing Director: BidNow; Nicholas Chong; Head of Token Crowdfunding at pitchIN; Sam Shafie; CEO & Co-founder at pitchIN and Datuk Clifford Hii; CEO at GamBit Group.

In a collaborative effort, Bidnow, an online auction platform, pitchIN, a registered Recognised Market Operator (RMO) with the Securities Commission Malaysia that operates a Token Crowdfunding (TCF) platform (also referred to as Initial Exchange Offering) and Gambit Custody, a digital asset custody platform, unite to educate the public about Token Crowdfunding, digital assets investments, and the critical importance of secure digital asset storage.

As part of this strategic partnership, Bidnow, with its one-stop solution platform for auctions, is set to play a role in Malaysia's digital asset ecosystem through its upcoming token fundraising on the pitchIN platform.

Token crowdfunding is a cutting-edge way for businesses to raise funds by selling digital tokens to investors. These tokens can be designed to provide different rights and features to investors. Unlike ICOs (Initial Coin Offerings), where tokens are sold directly by the project team to investors, in TCF, the registered platform acts as an intermediary and facilitates the token sale. In this case, pitchIN will be the recognized token crowdfunding platform for Bidnow. It is crucial to note that Bidnow's token sales are contingent upon receiving approval from Securities Commission Malaysia.

Bidnow, with touts itself as one of the leading online auction platforms in Malaysia, claims over 20,000 active users and 8,000 real estate brokers. With a strategic roadmap that aims to be the first TCF issuer in Malaysia, Bidnow aims to introduce a token-based loyalty and rewards system enabled through blockchain. This will allow Bidnow users to utilize $BID tokens for various services offered by Bidnow, such as membership subscriptions, transaction fees, and rewards for real estate agents.

To kickstart this initiative and promote awareness, a series of webinars and workshops are set to be jointly hosted by Bidnow, pitchIN, and Gambit. Taking place from 19th February to 3rd March, these educational sessions will provide insights into the crypto market, digital assets, and the intricacies of Token Crowdfunding. Whether in-person or online, these workshops aim to empower potential investors with the knowledge needed to navigate the evolving landscape of digital assets. To those interested to learn about token crowdfunding can reach out to [email protected].

The commitment to regulatory compliance is a cornerstone of this collaboration. Bidnow has selected pitchIN and the Gambit platform due to their adherence to the highest regulatory standards. This collaboration marks a significant step towards fostering education and understanding in the realm of digital assets.

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