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Upstart exchange BTSE to raise $50M for exchange token on Blockstream's Liquid Network
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Quick Take
- Cryptocurrency exchange BTSE has launched a token sale to raise $50 million, per a pitch deck obtained by The Block
- This is the first exchange token on Blockstream’s Liquid Network
- In total, BTSE plans to issue 200 million tokens and buy back 100 million of them with its revenue
- The exchange’s projected 2020 revenue is $103.5 million, representing a 3733% increase from 2019
Dubai-based cryptocurrency exchange BTSE hopes to raise $50 million through a token sale, according to a pitch deck obtained by The Block. BTSE’s token will be the first exchange token on Liquid, a Bitcoin sidechain built by Blockstream. Most of the existing exchange tokens live on either Ethereum or on their own blockchains. Blocksteam and […]
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