Start-up Hada DBank Completes Presale, Prepares Main token Sale Dates
Islamic blockchain finance start-up Hada DBank successfully ended its Pre-ICO exercise on the 15th of March 2018, after a vote from its community for an additional two-week extension. 11.3 million HADACoins were sold, raising approximately USD3 million. Hada DBank achieved its targeted soft-cap and is now looking towards its main token sale event.
Hada DBank’s main token sale event will be divided into several stages, to reflect the development stages the Bank is undergoing. Stage 1 – the ICO start – will begin on the 1st of May, 2018 and will run for the entire month of May, with the end date to be the 31st of May, 2018. 50 Million HADACoins will be up for sale during this stage. Price and tranches will be announced before the commencement date. Currently, the MVP is being developed and scheduled to be released before ICO starts. Next stages of Coin Offering will be announced periodically as the development progresses. Participant of Hada DBank bounty & airdrop program will receive their HADACoins one week after Stage 1 ICO ends.
Hisyam Mokhtar, Chairman & newly appointed Interim CEO of Hada DBank, stated: “I am delighted with our performance in this Pre-ICO exercise. Despite the volatility in the current cryptocurrency market, we managed to sell almost USD3m worth of HADACoins to both the Public and Institutional Investors during this period. It is an indication that despite the many ICOs and banking related blockchain projects, the market is progressing and accepting the technology. We are looking forward to launch our ICO soon. More advancement will soon be materialized. We thank those who have supported us from day 1 and hope to continue receiving that support.”
In the lead-up to its token presale, Hada DBank secured a number of important targets in terms of funding, advisors, and groundwork for the future security of the platform. In February, the company secured a deal to have its native platform’s token listed on F1Cryptos Exchange following the completion of the main token sale event. Earlier that month, Media Maven and Fintech Investor David Drake of LDJ Capital joined HADA DBank as Advisor. Most recently, Hada DBank secured a substantial single $500,000 investment from investment fund DE Asset Management LTD, as the two companies agreed on a long-term partnership.
Set to revolutionise banking, Hada DBank aims to fuse blockchain technology with Islamic Banking Module. Having recognized the challenges for customers in the current banking state, blockchain technology will ensure security and transparency, whilst Islamic Banking module will ensure ethical banking and investment.